VerifyMe (VRME) CFO Jennifer Cola Receives Awards, Exercises Derivatives

What Happened

Jennifer L. Cola, Chief Financial Officer of VerifyMe, received a total of 15,400 shares on September 30, 2026 from vested awards and a conversion/exercise of a derivative (2,400 shares (M) + 13,000 shares (A)). To satisfy tax withholding obligations, a total of 5,735 shares were withheld (894 shares @ $8.14 = $7,277 and 4,841 shares @ $8.14 = $39,406), representing about $46,683 in withholding. The filing also records a 2,400-share derivative entry recorded as a disposal (listed as a derivative transaction).

Key Details

• Transaction date: September 30, 2026 (filing dated September 30, 2026 — same day).
• Acquisitions: 2,400 shares (exercise/conversion, code M) and 13,000 shares (grant/award, code A). Both reported at $0 per share (RSUs/restricted shares converted/vested).
• Disposals for tax withholding: 894 shares @ $8.14 = $7,277; 4,841 shares @ $8.14 = $39,406. Total withheld = 5,735 shares (~$46,683).
• Additional derivative entry: 2,400 shares (M) also listed as a disposal (recorded at $0; filing labels it "Derivative").
• Shares owned after the transactions: not specified in this Form 4.
• Footnotes: RSUs converted/vested on Sept 30, 2026; certain restricted shares vested upon grant; shares were withheld to cover tax withholding obligations (F2, F4).
• Reverse split: Numbers reflect a 1-for-10 reverse stock split effected Sept 29, 2026.
• Filing timeliness: Report filed same day as the transactions; no late filing indicated.

Context

• These were primarily vesting conversions/awards (not open-market purchases or sales for cash). The $0 per-share entries are consistent with RSU/restricted-share vesting or conversion rather than a cash purchase.
• The share disposals are tax-withholding actions (common when RSUs/restricted shares vest) rather than market sales expressing sentiment.
• For derivative entries: "M" indicates exercise or conversion of a derivative (the filing records both acquisition and a related derivative disposal for 2,400 shares). This can indicate an exercise/conversion event possibly paired with an internal transfer or withholding; the filing does not show a cash sale price for those derivative shares.