Key facts
- This page summarizes Jack Wang's Form 4 filing for VerifyMe, Inc. (VRME).
- 1 reported transaction and 4 derivative rows are listed below.
- Accepted by SEC: 02 Jul 2024, 16:32.
Jack Wang - 01 Jul 2024 Form 4 Insider Report for VerifyMe, Inc. (VRME)
- Reporting relationship
- SVP, Technology and CIO
- Issuer ticker
- VRME
- Reported as of
- 01 Jul 2024
- Net transaction value
- +$9,450
- SEC form
- 4
- Accepted by SEC
- 02 Jul 2024, 16:32:54 UTC
- Prior SEC filing
- 03 Nov 2023
- Next SEC filing
- 05 Nov 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Nancy Meyers, Attorney-in-Fact for Jack Wang
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Jack Wang filed Form 4 for VerifyMe, Inc. (VRME) on 02 Jul 2024.
Change
- Previous filing in this sequence was filed on 03 Nov 2023.
- Current net transaction value: +$9,450.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
VRME
holding
Common Stock, par value $0.001 per share
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 25,827
- Date
- 01 Jul 2024
- Ownership
- Direct
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
VRME
transaction
Derivative
Restricted Stock Units
Award
- Transaction value
- $9,450
- Shares
- +5,906
- Change %
- Price
- $1.60
- Shares after
- 5,906
- Date
- 01 Jul 2024
- Ownership
- Direct
- Underlying class
- Common Stock, par value $0.001 per share
- Underlying amount
- 5,906
- Exercise price
- $0.000000
- Footnotes
- F1, F2, F3
VRME
holding
Derivative
Restricted Stock Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 26,667
- Date
- 01 Jul 2024
- Ownership
- Direct
- Underlying class
- Common Stock, par value $0.001 per share
- Underlying amount
- 26,667
- Exercise price
- $0.000000
- Footnotes
- F1, F4
VRME
holding
Derivative
Restricted Stock Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 75,000
- Date
- 01 Jul 2024
- Ownership
- Direct
- Underlying class
- Common Stock, par value $0.001 per share
- Underlying amount
- 75,000
- Exercise price
- $0.000000
- Footnotes
- F1, F5
VRME
holding
Derivative
Restricted Stock Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 59,248
- Date
- 01 Jul 2024
- Ownership
- Direct
- Underlying class
- Common Stock, par value $0.001 per share
- Underlying amount
- 59,248
- Exercise price
- $0.000000
- Footnotes
- F1, F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 6 footnotes
Footnote F1
These restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
Footnote F2
These RSUs 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.
Footnote F3
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.
Footnote F4
One-third of the original grant of these RSUs 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.
Footnote F5
These RSUs 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 issuer'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. Tranche 2 will vest 25,000 shares after the reporting person's continued employment on or after June 18, 2025 if the price of the issuer'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. Tranche 3 will vest 30,000 shares after the reporting person's continued employment on June 18, 2027 if the price of the issuer'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.
Footnote F6
These RSUs vest in two equal tranches, except as otherwise provided in the award notice. Tranche 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, Tranche 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. Tranche 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, Tranche 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.