Fred Volk III - 02 Nov 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: 02 Nov 2023
Net transactions value: -$3,696
Form type: 4
Filing time: 03 Nov 2023, 16:30:52 UTC
Previous filing: 11 Sep 2023
Next filing: 01 Jul 2024
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	Options Exercise	$0	+13,333	+41%	$0.000000	45,730	02 Nov 2023	Direct	F1
transaction	VRME	Common Stock, par value $0.001 per share	Tax liability	$3,696	-3,360	-7.3%	$1.10	42,370	02 Nov 2023	Direct	F2

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
transaction	VRME	Restricted Stock Units	Options Exercise	$0	-13,333	-33%	$0.000000	26,667	02 Nov 2023	Common Stock, par value $0.001 per share	13,333	$0.000000	Direct	F1, F3
holding	VRME	Restricted Stock Units						62,696	02 Nov 2023	Common Stock, par value $0.001 per share	62,696	$0.000000	Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These restricted stock units convert into common stock on a one-for-one basis.
F2	Shares withheld to cover tax withholding obligations upon the vesting of restricted stock units.
F3	One-third of the original grant of these restricted stock units vested on 11/2/2023, and except as otherwise provided in the award notice, the balance vests in substantially equal installments on 11/2/2024 and 11/2/2025.
F4	These restricted stock units vest in two equal tranches, except as otherwise provided in the award notice. Tranch 1 will vest on 4/22/2024 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 4/22/2025 if the issuer's common stock during such period was at or above $5.00 for 20 consecutive trading days. Tranch 2 will vest on 4/22/2024 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 4/22/2025 if the issuer's common stock during such period was at or above $7.00 for 20 consecutive trading days.