VerifyMe (VRME) Former Director David Edmonds Receives 3,500 Shares

What Happened

• David Bruce Edmonds, a former director of VerifyMe, had 3,500 restricted stock units (RSUs) vest and convert into 3,500 common shares on September 30, 2026. The Form 4 reports these as derivative conversions (transaction code M) at $0.00 per share (no cash paid or received).
• This was not a sale or open‑market purchase — it was the vesting/settlement of an equity award as part of compensation/award vesting.

Key Details

• Transaction date: 2026-09-30 (conversion/vesting); filing date: 2026-09-30 (timely).
• Reported transactions: 3,500 shares acquired (conversion) and the same 3,500 shares reported under derivative disposition language on the form (both at $0.00).
• Footnote: F1 — these RSUs converted to common stock on a one‑for‑one basis and vested on September 30, 2026.
• Reverse split: numbers reflect the issuer’s 1‑for‑10 reverse stock split effective September 29, 2026.
• Shares owned after the transaction: not specified in the filing.

Context

• Vesting/settlement of RSUs is a routine insider filing and does not indicate a purchase or a sale; no shares were sold in this transaction.
• Because Edmonds is identified as a former director, this filing documents award settlement rather than trading by a current officer/director.