Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | VERB | Common Stock | Disposed to Issuer | $0 | -118K | -1.87% | $0.00 | 6.19M | Nov 17, 2022 | Direct | F1 |
transaction | VERB | Common Stock | Award | $0 | +371K | +5.99% | $0.00 | 6.57M | Nov 17, 2022 | Direct | F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | VERB | Stock Option (Right to Buy) | Award | $0 | +236K | +707.55% | $0.00 | 269K | Nov 17, 2022 | Common Stock | 236K | $0.22 | Direct | F3 |
Id | Content |
---|---|
F1 | Reflects the Reporting Person's voluntary forfeiture of shares of the Issuer's common stock, par value $0.0001 per share (the "Shares"). The forfeited Shares were issued on July 29, 2022 upon the vesting and settlement in full of an aggregate of 117,924 restricted stock unit awards issued on July 29, 2020 pursuant to the terms of the Issuer's 2019 Omnibus Incentive Plan (the "2019 Plan"). The forfeited Shares were returned to the Issuer's treasury stock. |
F2 | The restricted stock unit awards were granted as consideration for the Reporting Person's agreement to accept a 25% reduction in cash compensation for a period of four months. The restricted stock unit awards were granted pursuant to the 2019 Plan and vest in equal installments on the last day of each month over the four-month period, commencing on December 31, 2022. |
F3 | In exchange for the forfeiture of the shares referenced in Note 1 above, on November 17, 2022, the board of directors of the Issuer granted the Reporting Person stock options to purchase 235,848 Shares. The stock options fully vested upon issuance. |