Adam H. Stedham - 07 Mar 2025 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Signature
/s/ Nancy Meyers, Attorney-in-Fact for Adam Stedham
Issuer symbol
VRME
Transactions as of
07 Mar 2025
Net transactions value
+$66,330
Form type
4
Filing time
10 Mar 2025, 16:29:50 UTC
Previous filing
03 Jan 2025
Next filing
20 Jun 2025

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 Purchase $32,130 +45,000 +17% $0.7140 317,348 07 Mar 2025 Direct F1, F2
transaction VRME Common Stock, par value $0.001 per share Purchase $34,200 +50,000 +16% $0.6840 367,348 10 Mar 2025 Direct F2, F3

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 18,750 07 Mar 2025 Common Stock, par value $0.001 per share 18,750 $0.000000 Direct F4
holding VRME Restricted Stock Units 136,055 07 Mar 2025 Common Stock, par value $0.001 per share 136,055 $0.000000 Direct F5
holding VRME Restricted Stock Units 550,000 07 Mar 2025 Common Stock, par value $0.001 per share 550,000 $0.000000 Direct F6
holding VRME 8% Convertible Promissory Note due 2026 $175,000 07 Mar 2025 Common Stock, par value $0.001 per share 152,174 $1.15 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.71 to $0.72. Mr. Stedham undertakes to provide VerifyMe, Inc., any security holder of VerifyMe, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F2 Includes 28,592 vested RSUs that become payable, on a one-for-one basis, in shares of common stock of VerifyMe, Inc. upon separation of the Reporting Person's service as a director.
F3 The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.67 to $0.69, inclusive. Mr. Stedham undertakes to provide VerifyMe, Inc., any security holder of VerifyMe, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F4 These restricted stock units, which convert into common stock on a one-for-one basis (the "RSUs"), were granted pursuant to the issuer's salary reduction program and will vest on 1/1/2026, except as otherwise provided in the award notice.
F5 One-third of the original grant of these RSUs vested on 6/19/2024 and, except as otherwise provided in the award notice, the balance vests in substantially equal installments on each of 6/19/2025 and 6/19/2026.
F6 These RSUs vest in three tranches, except as otherwise provided in the award notice. Tranche 1 will vest 150,000 shares of common stock on or after 6/19/2024 if the price of the issuer's common stock is $2.21 per share and trades at or above that price for 20 consecutive days. Tranche 2 will vest 200,000 shares of common stock on or after 6/19/2025 if the issuer's common stock trades at or above $2.94 per share for 20 consecutive trading days. Tranche 3 will vest 200,000 shares of common stock on 6/19/2027 if the issuer's common stock trades at or above $3.68 per share for 20 consecutive trading days.