VerifyMe (VRME) Director Scott N. Greenberg Converts 3,500 RSUs

What Happened

• Scott N. Greenberg, a director of VerifyMe, reported the conversion/exercise of a derivative on 2026-09-30 that resulted in the acquisition of 3,500 shares at $0.00 and the simultaneous disposition of 3,500 shares at $0.00. Per the filing footnote, these were restricted stock units (RSUs) that vested and converted to common stock on a one-for-one basis on September 30, 2026.
• This transaction reflects vesting/conversion of an equity award rather than an open-market purchase or a cash sale; it is not a straightforward bullish purchase.

Key Details

• Transaction date: 2026-09-30; Filing date/Period of Report: 2026-09-30 (timely filed).
• Transactions reported: +3,500 shares acquired via conversion/exercise (code M) at $0.00; 3,500 shares disposed (reported as Derivative) at $0.00.
• Footnote F1: The RSUs converted into common stock on a one-for-one basis and vested on Sept 30, 2026.
• Footnote F2: The filing also references 6,831 vested RSUs that become payable, on a one-for-one basis, in shares of common stock upon the reporting person’s separation as a director.
• Reverse split: The figures reflect the issuer’s 1-for-10 reverse stock split effective Sept 29, 2026 (post-split counts are shown).
• Shares owned after the transaction: Not specified in the provided Form 4 details.

Context

• For retail investors: conversion/exercise transactions like this typically reflect award vesting. The simultaneous disposition of the same number of shares is commonly used to satisfy tax withholding or other obligations, though the Form 4 here does not state the specific reason.
• The $0.00 price indicates no cash purchase was made—these were award-related share movements, not market trades.