| 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 | +20K | +250% | $0.00 | 28K | Nov 2, 2023 | Direct | F1 |
| transaction | VRME | Common Stock, par value $0.001 per share | Tax liability | -$4.38K | -3.99K | -14.24% | $1.10 | 24K | Nov 2, 2023 | Direct | F2 |
| 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 | -20K | -33.33% | $0.00 | 40K | Nov 2, 2023 | Common stock, par value $0.001 per share | 20K | $0.00 | Direct | F1, F3 |
| holding | VRME | Restricted Stock Units | 120K | Nov 2, 2023 | Common stock, par value $0.001 per share | 120K | $0.00 | Direct | F1, F4 | |||||
| holding | VRME | Restricted Stock Units | 72.1K | Nov 2, 2023 | Common Stock, par value $0.001 per share | 72.1K | $0.00 | Direct | F1, F5 | |||||
| holding | VRME | 8% Convertible Promissory Note due 2026 | $25K | Nov 2, 2023 | Common stock, par value $0.001 per share | 21.7K | $1.15 | Direct |
| 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 three tranches, except as otherwise provided in the award notice. Tranche 1 will vest 20,000 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. Tranch 2 will vest 25,000 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 30,000 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. |
| F5 | 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. |