Rory J. Cutaia - 19 May 2022 Form 4 Insider Report for Verb Technology Company, Inc. (VERB)

Role: CEO & President, Director
Signature: /s/ Rory J. Cutaia
Issuer symbol: VERB
Transactions as of: 19 May 2022
Net transactions value: +$100,000
Form type: 4
Filing time: 20 May 2022, 09:22:17 UTC
Previous filing: 24 Jan 2022
Next filing: 21 Nov 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VERB	Common Stock	Award	$100,000	+189,394	+3.1%	$0.5280	6,312,745	19 May 2022	Direct	F1

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

Explanation of Responses:

Id	Content
F1	As disclosed in the Issuer's filings with the SEC, the Reporting Person (Rory J. Cutaia, the Issuer's CEO) has historically elected to defer payment of up to half of his annual cash compensation. As of December 31, 2021, the sum of $1,030,944, remains accrued and unpaid to Reporting Person. On May 19, 2022, the Board of Directors approved the Reporting Person's request to convert $100,000 of such accrued amount in order to purchase shares of the Issuer's common stock, thereby reducing the amount of debt on the Issuer's balance sheet. Using the closing price of the Issuer's common stock on May 19, 2022, which was $0.528, 189,394 shares were purchased by Reporting Person.

Content

As disclosed in the Issuer's filings with the SEC, the Reporting Person (Rory J. Cutaia, the Issuer's CEO) has historically elected to defer payment of up to half of his annual cash compensation. As of December 31, 2021, the sum of $1,030,944, remains accrued and unpaid to Reporting Person. On May 19, 2022, the Board of Directors approved the Reporting Person's request to convert $100,000 of such accrued amount in order to purchase shares of the Issuer's common stock, thereby reducing the amount of debt on the Issuer's balance sheet. Using the closing price of the Issuer's common stock on May 19, 2022, which was $0.528, 189,394 shares were purchased by Reporting Person.