| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | VRME | Common Stock, par value $0.001 | 213K | Aug 25, 2023 | Direct | F1, F2 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | VRME | 8% Convertible Promissory Note due 2026 | Award | $50K | $50K | Aug 25, 2023 | Common Stock, par value $0.001 | 43.5K | $1.15 | Direct | ||||
| holding | VRME | Restricted Stock Units | 56.8K | Aug 25, 2023 | Common Stock, par value $0.001 | 56.8K | $0.00 | Direct | F3, F4 | |||||
| holding | VRME | Restricted Stock Units | 30K | Aug 25, 2023 | Common Stock, par value $0.001 | 30K | $0.00 | Direct | F5, F6 | |||||
| holding | VRME | Stock Option (Right to Buy) | 10K | Aug 25, 2023 | Common Stock, par value $0.001 | 10K | $3.51 | Direct | F7 | |||||
| holding | VRME | Warrant (Right to Buy) | 15.6K | Aug 25, 2023 | Common Stock, par value $0.001 | 15.6K | $3.22 | Direct | ||||||
| holding | VRME | Warrant (Right to Buy) | 6.4K | Aug 25, 2023 | Common Stock, par value $0.001 | 6.4K | $4.60 | Direct |
| Id | Content |
|---|---|
| F1 | Includes 68,310 vested restricted stock units that become payable, on a one-for-one basis, in shares of common stock of VerifyMe, Inc. upon separation of the Reporting Person's service as a director. |
| F2 | Includes 86,806 shares of restricted stock that vest on June 7, 2024, except as otherwise provided in the award notice. |
| F3 | These restricted stock units, which convert into common stock on a one-for-one basis, vest on 3/15/2025 in two equal tranches, except as otherwise provided in the award notice. Tranch 1 will vest on the second anniversary of the date of grant if the issuer's common stock during such period was at or above $2.75 for 20 consecutive trading days. In the event that the issuer's common stock during such period does not reach $2.75 for 20 consecutive trading days, Tranch 1 will vest on the third anniversary of the date of grant if the issuer's common stock during such period was at or above $2.75 for 20 consecutive trading days. |
| F4 | (Continued from footnote 3) Tranch 2 will vest on the second anniversary of the date of grant if the issuer's common stock during such period was at or above $3.75 for 20 consecutive trading days. In the event that the issuer's common stock during such period does not reach $3.75 for 20 consecutive trading days, Tranch 2 will vest on the third anniversary of the date of grant if the issuer's common stock during such period was at or above $3.75 for 20 consecutive trading days. |
| F5 | These restricted stock units, which convert into common stock on a one-for-one basis, vest on 4/7/2024 in two equal tranches, except as otherwise provided in the award notice. Tranch 1 will vest on the second anniversary of the date of grant if the issuer's common stock during such period was at or above $5.00 for 20 consecutive trading days. In the event that the issuer's common stock during such period does not reach $5.00 for 20 consecutive trading days, Tranch 1 will vest on the third anniversary of the date of grant if the issuer's common stock during such period was at or above $5.00 for 20 consecutive trading days. |
| F6 | (Continued from footnote 5) Tranch 2 will vest on the second anniversary of the date of grant if the issuer's common stock during such period was at or above $7.00 for 20 consecutive trading days. In the event that the issuer's common stock during such period does not reach $7.00 for 20 consecutive trading days, Tranch 2 will vest on the third anniversary of the date of grant if the issuer's common stock during such period was at or above $7.00 for 20 consecutive trading days. |
| F7 | This option is fully exercisable as of the date of this report. |