Salman Khan - May 13, 2022 Form 4 Insider Report for Verb Technology Company, Inc. (VERB)

Role
CFO & Treasurer
Signature
/s/ Salman H. Khan
Stock symbol
VERB
Transactions as of
May 13, 2022
Transactions value $
$0
Form type
4
Date filed
5/17/2022, 05:50 PM
Previous filing
Apr 1, 2022
Next filing
Nov 21, 2022

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 VERB Employee Stock Option (Right to Buy) Award $0 +100K +33.33% $0.00 400K May 15, 2022 Common Stock 100K $0.30 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This stock option grant was initially contemplated in Reporting Person's employment agreement when he joined the Company as its Executive Vice President of Corporate Development and Strategic Planning in May 2021. Reporting Person's May 2021 employment agreement provided that after one year of continuous employment with the Company and if Reporting Person has not violated the terms of his employment, Reporting Person will receive 100,000 additional employee stock options (right to buy). Reporting Person has satisfied the terms of his May 2021 employment agreement to receive this additional 100,000 employee stock options (right to buy).
F2 The option vests in four equal annual installments beginning on May 15, 2023.