Kole Curt Harris 4
4 · VerifyMe, Inc. · Filed Nov 2, 2022
Insider Transaction Report
Form 4
VerifyMe, Inc.VRME
Kole Curt Harris
EVP-Sales, PeriShip Global LLC
Transactions
- Award
Restricted Stock Units
2022-11-02+60,000→ 60,000 totalExercise: $0.00→ Common stock, par value $0.001 per share (60,000 underlying)
Holdings
- 72,100
Restricted Stock Units
Exercise: $0.00→ Common Stock, par value $0.001 per share (72,100 underlying)
Footnotes (3)
- [F1]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 one-third on each of the first three anniversaries of the grant date.
- [F2]These restricted stock units, which convert into common stock on a one-for-one basis, vest on 4/22/2024 in two equal tranches, except as otherwise provided in the award notice. Tranch 1 will vest on the second anniversary of the date of grant if the issuer's common stock during such period was at or above $5.00 for 20 consecutive trading days. In the event that the issuer's common stock during such period does not reach $5.00 for 20 consecutive trading days, Tranch 1 will vest on the third anniversary of the date of grant if the issuer's common stock during such period was at or above $5.00 for 20 consecutive trading days.
- [F3](Continued from footnote 2) Tranch 2 will vest on the second anniversary of the date of grant if the issuer's common stock during such period was at or above $7.00 for 20 consecutive trading days. In the event that the issuer's common stock during such period does not reach $7.00 for 20 consecutive trading days, Tranch 2 will vest on the third anniversary of the date of grant if the issuer's common stock during such period was at or above $7.00 for 20 consecutive trading days.