Kenneth S. Cragun - Nov 8, 2024 Form 4 Insider Report for Verb Technology Company, Inc. (VERB)

Role
Director
Signature
/s/ Kenneth S. Cragun
Stock symbol
VERB
Transactions as of
Nov 8, 2024
Transactions value $
$0
Form type
4
Date filed
11/8/2024, 09:30 PM
Previous filing
Aug 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VERB Common Stock Award $0 +8.16K +42921.05% $0.00 8.17K Nov 8, 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 7, 2024, the compensation committee of the Issuer's board of directors adopted the annual recommendation of an independent compensation consulting firm retained to determine compensation for the Issuer's executives and board members, granting 8,155 restricted stock units to the Reporting Person that will vest on the first anniversary of the grant. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock provided that the Reporting Person remains in continuous service on the vesting date. The restricted stock units may be settled only by delivering shares of the Issuer's common stock, and thus, the grant is being reported in Table 1 instead of Table II, as allowed per SEC guidance and to avoid having to file a Form 4 each time there is a vesting of the restricted stock units.
F2 The total reported in Column 5 includes the (i) 8,155 newly awarded restricted stock units and (ii) 19 restricted stock units, of which 19 have vested and issued to the Reporting Person.