Fred Volk III - Jul 1, 2024 Form 4/A Insider Report for VerifyMe, Inc. (VRME)

Role
VP-Ops, PeriShip Global LLC
Signature
/s/ Nancy Meyers, Attorney-in-Fact for Fred Volk III
Stock symbol
VRME
Transactions as of
Jul 1, 2024
Transactions value $
$10,000
Form type
4/A
Date filed
7/2/2024, 04:31 PM
Date Of Original Report
Jul 1, 2024
Previous filing
Jul 1, 2024
Next filing
Nov 5, 2024

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 Award $10K +6.25K $1.60 6.25K Jul 1, 2024 Common Stock, par value $0.001 per share 6.25K $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units ("RSUs"), which convert into common stock on a one-for-one basis, were granted under the VerifyMe, Inc. 2020 Equity Incentive Plan in a transaction exempt under Rule 16b-3 and vest on 1/1/2025, except as otherwise provided in the award notice.
F2 The original Form 4 mistakenly listed $0. This grant of RSUs was made pursuant to the issuer's salary reduction program, pursuant to which the number of RSUs was determined by dividing the amount of the reporting person's salary reduction by $1.60.