Form 4 for VRME VerifyMe, Inc.
Accepted 2023-06-20 00:00:00 ET · period of report 2023-06-19 · accession 0001062993-23-013816 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-06-20 | 2023-06-19 | VRME | Stedham Adam H | CEO, Dir | A - Grant | $0.00 | +34.0K | 97.0K | +54% | $0 |
| DM | 2023-06-20 | 2023-06-19 | VRME | Stedham Adam H | CEO, Dir | A - Grant | $0.00 | +754.1K | 204.1K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, par value $0.001 per share | 2023-06-19 | A | A | 34,014 | $0.00 | 97,001 | D | — | — | (F1) This restricted stock award was granted under the VerifyMe, Inc. 2020 Equity Incentive Plan in a transaction exempt under Rule 16b-3 and vested immediately upon grant. (F2) Includes 28,592 vested restricted stock units that become payable, on a one-for-one basis, in shares of common stock of VerifyMe, Inc. upon separation of the Reporting Person's service as a director. |
| 2 | Derivative | Restricted Stock Units | 2023-06-19 | A | A | 550,000 | $0.00 | 550,000 | D | $0.00 · — to — | 550,000 Common Stock, par value $0.001 per share | (F4) These restricted stock units, which convert into common stock on a one-for-one basis, were granted under the VerifyMe, Inc. 2020 Equity Incentive Plan in a transaction exempt under Rule 16b-3, vest in three tranches, except as otherwise provided in the award notice. Tranche 1 will vest 150,000 shares of common stock on or after the first anniversary of the grant date if the price of the Issuer's common stock is $2.21 per share and trades at or above that price for 20 consecutive days. Tranche 2 will vest 200,000 shares of common stock on or after the second anniversary of the grant date if the Issuer's common stock trades at or above $2.94 per share for 20 consecutive trading days. Tranche 3 will vest 200,000 shares of common stock on the fourth anniversary of the grant date if the Issuer's common stock trades at or above $3.68 per share for 20 consecutive trading days. |
| 3 | Derivative | Restricted Stock Units | 2023-06-19 | A | A | 204,082 | $0.00 | 204,082 | D | $0.00 · — to — | 204,082 Common Stock, par value $0.001 per share | (F3) These restricted stock units, which convert into common stock on a one-for-one basis, were granted under the VerifyMe, Inc. 2020 Equity Incentive Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest in three equal annual installments on each of 6/19/2024, 6/19/2025 and 6/19/2026. |