| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | VRME | Common Stock, par value $0.001 per share | 8,000 | 25 Aug 2023 | Direct |
| 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 | $25,000 | $25,000 | 25 Aug 2023 | Common stock, par value $0.001 per share | 21,739 | $1.15 | Direct | ||||
| holding | VRME | Restricted Stock Units | 120,000 | 25 Aug 2023 | Common stock, par value $0.001 per share | 120,000 | $0.000000 | Direct | F1, F2 | |||||
| holding | VRME | Restricted Stock Units | 60,000 | 25 Aug 2023 | Common stock, par value $0.001 per share | 60,000 | $0.000000 | Direct | F3 | |||||
| holding | VRME | Restricted Stock Units | 72,100 | 25 Aug 2023 | Common Stock, par value $0.001 per share | 72,100 | $0.000000 | Direct | F4, F5 |
| Id | Content |
|---|---|
| F1 | These restricted stock units, which convert into common stock on a one-for-one basis, vest in three tranches, except as otherwise provided in the award notice. Tranche 1 will vest 35,000 shares of common stock after the Reporting Person's continued employment on or after June 18, 2024 if the price of the Company's common stock increases to $2.21 per share and trades at or above that price for 20 consecutive trading days prior to June 18, 2027. |
| F2 | (Continued from footnote 1) Tranch 2 will vest 40,000 shares after the Reporting Person's continued employment on or after June 18, 2025 if the price of the Company's common stock increases to $2.94 per share and trades at or above that price for 20 consecutive trading days prior to June 18, 2027. Tranch 3 will vest 45,000 shares after the Reporting Person's continued employment on June 18, 2027 if the price of the Company's common stock increases to $3.68 per share and trades at or above that price for 20 consecutive trading days prior to June 18, 2027. |
| F3 | These restricted stock units, which convert into common stock on a one-for-one basis, vest one-third on each of 11/2/2023, 11/2/2024 and 11/2/2025, except as otherwise provided in the award notice. |
| F4 | These restricted stock units, which convert into common stock on a one-for-one basis, vest on 4/22/2024 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. |
| F5 | (Continued from footnote 4) 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. |