Sandy Fliderman - 28 Feb 2022 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Reporting relationship: Chief Technology Officer
Issuer ticker: VRME
Reported as of: 28 Feb 2022
Net transaction value: +$13,450
SEC form: 4
Accepted by SEC: 02 Mar 2022, 15:35:03 UTC
Prior SEC filing: 18 Feb 2022
Source filing: View source filing
Reporting owner signature: /s/ Margaret Gezerlis, Attorney-in-Fact for Sandy Fliderman

Key filing fact

Sandy Fliderman filed Form 4 for VerifyMe, Inc. (VRME) on 02 Mar 2022.

Key facts

This page summarizes Sandy Fliderman's Form 4 filing for VerifyMe, Inc. (VRME).
1 reported transaction and 2 derivative rows are listed below.
Accepted by SEC: 02 Mar 2022, 15:35.

Change

Previous filing in this sequence was filed on 18 Feb 2022.
Current net transaction value: +$13,450.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

VRME transaction

Common Stock, par value $0.001 per share

Award

Transaction value: $13,450
Shares: +5,000
Change %: +53%
Price: $2.69
Shares after: 14,500
Date: 28 Feb 2022
Ownership: Direct
Footnotes: F1

VRME holding

Common Stock, par value $0.001 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 33,614
Date: 28 Feb 2022
Ownership: By Industry Private Capital LLC

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

VRME holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 9,375
Date: 28 Feb 2022
Ownership: Direct
Underlying class: Common Stock, par value $0.001 per share
Underlying amount: 9,375
Exercise price: $0.000000
Footnotes: F2, F3

VRME holding Derivative

Warrant (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 25,614
Date: 28 Feb 2022
Ownership: By Industry Private Capital LLC
Underlying class: Common Stock, par value $0.001 per share
Underlying amount: 25,614
Exercise price: $4.60

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

These shares were acquired under the VerifyMe, Inc. 2021 Stock Purchase Plan in a transaction exempt under Rule 16b-3(d).

Footnote F2

These restricted stock units, which convert into common stock on a one-for-one basis, vest on 2/16/2024 in two equal tranches, except as otherwise provided in the award notice. Tranch 1 will vest on the second anniversary of the date of grant if the issuer's common stock during such period was at or above $5.00 for 20 consecutive trading days. In the event that the issuer's common stock during such period does not reach $5.00 for 20 consecutive trading days, Tranch 1 will vest on the third anniversary of the date of grant if the issuer's common stock during such period was at or above $5.00 for 20 consecutive trading days.

Footnote F3

(Continued from footnote 2) Tranch 2 will vest on the second anniversary of the date of grant if the issuer's common stock during such period was at or above $7.00 for 20 consecutive trading days. In the event that the issuer's common stock during such period does not reach $7.00 for 20 consecutive trading days, Tranch 2 will vest on the third anniversary of the date of grant if the issuer's common stock during such period was at or above $7.00 for 20 consecutive trading days.