David M. Roberts - Nov 14, 2023 Form 4 Insider Report for VERRA MOBILITY Corp (VRRM)

Signature
/s/ David M. Roberts, by Raphael Avraham, as Attorney-in-Fact
Stock symbol
VRRM
Transactions as of
Nov 14, 2023
Transactions value $
-$1,428,113
Form type
4
Date filed
11/16/2023, 05:00 PM
Previous filing
Mar 7, 2023
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRRM Class A Common Stock Options Exercise $531K +38.8K +6.82% $13.69 607K Nov 14, 2023 Direct
transaction VRRM Class A Common Stock Sale -$784K -38.8K -6.38% $20.22 568K Nov 14, 2023 Direct F1, F2
transaction VRRM Class A Common Stock Options Exercise $1.95M +154K +27.18% $12.62 723K Nov 14, 2023 Direct
transaction VRRM Class A Common Stock Sale -$3.12M -154K -21.37% $20.22 568K Nov 14, 2023 Direct F1, F2
holding VRRM Class A Common Stock 220K Nov 14, 2023 Trust

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 VRRM Employee Stock Option (Right to Buy) Options Exercise $0 -154K -75% $0.00 51.5K Nov 14, 2023 Class A Common Stock 154K $12.62 Direct F3
transaction VRRM Employee Stock Option (Right to Buy) Options Exercise $0 -38.8K -25% $0.00 116K Nov 14, 2023 Class A Common Stock 38.8K $13.69 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by David Roberts on August 14, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.97 to 20.75, inclusive. The reporting person undertakes to provide to the issuer, the shareholders of issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F3 The options vest in four (4) equal annual installments beginning on March 5, 2021.
F4 The options vest in four (4) equal annual installments beginning on March 4, 2022.