Fred Volk III - 31 Aug 2023 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role
VP-Ops, PeriShip Global LLC
Signature
/s/ Nancy Meyers, Attorney in Fact for Fred Volk III
Issuer symbol
VRME
Transactions as of
31 Aug 2023
Net transactions value
+$999
Form type
4
Filing time
11 Sep 2023, 16:31:12 UTC
Previous filing
02 Mar 2023
Next filing
03 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRME Common Stock, par value $0.001 per share Award $999 +1,041 +3.3% $0.9600 32,397 31 Aug 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding VRME Restricted Stock Units 40,000 31 Aug 2023 Common Stock, par value $0.001 per share 40,000 $0.000000 Direct F2
holding VRME Restricted Stock Units 62,696 31 Aug 2023 Common Stock, par value $0.001 per share 62,696 $0.000000 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were acquired under the VerifyMe, Inc. 2021 Stock Purchase Plan in a transaction exempt under Rule 16b-3(d).
F2 These restricted stock units, which convert into common stock on a one-for-one basis, vest one-third on each of the first three anniversaries of the grant date, 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 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.
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 $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.