Keyvan Peymani - Jan 1, 2024 Form 3 Insider Report for Versus Systems Inc. (VS, VSSYW)

Role: Director
Signature: /s/ Keyvan Peymani
Stock symbol: VS, VSSYW
Transactions as of: Jan 1, 2024
Transactions value $: $0
Form type: 3
Date filed: 2/28/2024, 04:15 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	VS, VSSYW	Common Shares						592	Jan 1, 2024	Direct

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	VS, VSSYW	Stock Options							Jan 1, 2024	Common Shares	391	$604.80	Direct	F1, F8, F9
holding	VS, VSSYW	Stock Options							Jan 1, 2024	Common Shares	52	$1,087.20	Direct	F2, F8, F10
holding	VS, VSSYW	Stock Options							Jan 1, 2024	Common Shares	8	$715.20	Direct	F3, F8, F11
holding	VS, VSSYW	Stock Options							Jan 1, 2024	Common Shares	21	$715.20	Direct	F4, F8, F11
holding	VS, VSSYW	Stock Options							Jan 1, 2024	Common Shares	150	$1,008.00	Direct	F5, F8
holding	VS, VSSYW	Stock Options							Jan 1, 2024	Common Shares	308	$96.00	Direct	F6, F8
holding	VS, VSSYW	Stock Options							Jan 1, 2024	Common Shares	2K	$14.40	Direct	F7, F8
holding	VS, VSSYW	Warrants							Jan 1, 2024	Common Shares	260	$460.80	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The options reported herein were granted to the reporting person by Versus Systems Inc. (the "Issuer") on April 2, 2019. All of the options have vested as of the date hereof.
F2	The options reported herein were granted to the reporting person by the Issuer on September 27, 2019. All of the options have vested as of the date hereof.
F3	The options reported herein were granted to the reporting person by the Issuer on July 24, 2020. These options vested on January 20, 2021 following the Issuer's listing on the Nasdaq Capital Market.
F4	The options reported herein were granted to the reporting person by the Issuer on July 31, 2020. All of the options have vested as of the date hereof.
F5	The options reported herein were granted to the reporting person by the Issuer on August 19, 2021. These options vest in installments, beginning on the first anniversary of the date of grant, when 1/4 of such options vested, after which the remaining unvested options vest in equal monthly installments over 36 months. As of the date of this report, 94 of the options have vested.
F6	The options reported herein were granted to the reporting person by the Issuer on August 17, 2022. These options vest in equal monthly installments over 48 months beginning on the date of grant. As of the date of this report, 120 of the options have vested.
F7	The options reported herein were granted to the reporting person by the Issuer on February 13, 2023. These options vest in equal monthly installments over 24 months beginning on the date of grant. As of the date of this report, 1,058 of the options have vested.
F8	The amount of securities reported herein reflects the 1-for-16 reverse stock split effected by the Issuer on December 28, 2023.
F9	The exercise price reported herein was converted from Canadian dollars to United States dollars at a conversion rate of 1.3344 Canadian dollars per United States dollar.
F10	The exercise price reported herein was converted from Canadian dollars to United States dollars at a conversion rate of 1.3249 Canadian dollars per United States dollar.
F11	The exercise price reported herein was converted from Canadian dollars to United States dollars at a conversion rate of 1.3421 Canadian dollars per United States dollar.