VerifyMe (VRME) Former VP Fred Volk Receives Vested RSUs

What Happened

• Fred Volk III, former Vice President of VerifyMe, had 7,500 restricted stock units (RSUs) vest and convert into common stock on September 30, 2026 (code M). Of those, 2,711 shares were withheld to cover tax withholding obligations (code F) for a reported withheld value of $22,068. The net shares delivered to Volk were 4,789 (7,500 converted – 2,711 withheld). The RSU conversion carried a $0 exercise price.

Key Details

• Transaction date: September 30, 2026. Filing date/period: 2026-09-30.
• Converted/vested: 7,500 RSUs -> 7,500 common shares (code M).
• Shares withheld for tax: 2,711 shares at $8.14 each, total ~$22,068 (code F).
• Net shares retained by insider after withholding: 4,789 shares.
• Footnotes: F1 — RSUs converted 1-for-1 and vested on 9/30/2026. F2 — shares were withheld to cover tax obligations. The filing notes a 1-for-10 reverse stock split effective 9/29/2026; reported share counts reflect the post-split numbers (pre-split counts would be 10×).
• Timeliness: Reported on the same date as the transactions; no late filing indicated in the Form 4.

Context

• This was a standard compensation event (RSU vesting) rather than an open-market purchase or discretionary sale. The withholding is a routine cashless tax withholding to satisfy tax obligations and does not necessarily indicate a sell decision by the insider.
• For investors: purchases or open-market sales by insiders often carry more interpretive weight; vesting and withholding entries mainly reflect compensation mechanics.