Patrick J. White - 29 Mar 2022 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Reporting relationship: Chief Executive Officer, Director
Issuer ticker: VRME
Reported as of: 29 Mar 2022
Net transaction value: -$31,400
SEC form: 4
Accepted by SEC: 30 Mar 2022, 16:34:01 UTC
Prior SEC filing: 18 Feb 2022
Next SEC filing: 14 Feb 2025
Source filing: View source filing
Reporting owner signature: /s/ Margaret Gezerlis, Attorney-in-Fact for Patrick White

Key filing fact

Patrick J. White filed Form 4 for VerifyMe, Inc. (VRME) on 30 Mar 2022.

Key facts

This page summarizes Patrick J. White's Form 4 filing for VerifyMe, Inc. (VRME).
1 reported transaction and 3 derivative rows are listed below.
Accepted by SEC: 30 Mar 2022, 16:34.

Change

Previous filing in this sequence was filed on 18 Feb 2022.
Current net transaction value: -$31,400.

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

Disposed to Issuer

Transaction value: $31,400
Shares: -8,870
Change %: -13%
Price: $3.54
Shares after: 60,067
Date: 29 Mar 2022
Ownership: Direct

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: 61,250
Date: 29 Mar 2022
Ownership: Direct
Underlying class: Common Stock, par value $0.001
Underlying amount: 61,250
Exercise price: $0.000000
Footnotes: F1, F2

VRME holding Derivative

Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 10,000
Date: 29 Mar 2022
Ownership: Direct
Underlying class: Common Stock, par value $0.001
Underlying amount: 10,000
Exercise price: $7.00
Footnotes: F3

VRME holding Derivative

Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 140,000
Date: 29 Mar 2022
Ownership: Direct
Underlying class: Common Stock, par value $0.001
Underlying amount: 140,000
Exercise price: $3.50
Footnotes: F3

^* 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 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 F2

(Continued from footnote 1) 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.

Footnote F3

This option is fully exercisable as of the date of this report.