Kole Curt Harris 4
4 · VerifyMe, Inc. · Filed Mar 2, 2023
Insider Transaction Report
Form 4
VerifyMe, Inc.VRME
Kole Curt Harris
EVP-Sales, PeriShip Global LLC
Transactions
- Award
Common Stock, par value $0.001 per share
2023-02-28$1.19/sh+8,000$9,520→ 8,000 total
Holdings
- 60,000
Restricted Stock Units
Exercise: $0.00→ Common stock, par value $0.001 per share (60,000 underlying) - 72,100
Restricted Stock Units
Exercise: $0.00→ Common Stock, par value $0.001 per share (72,100 underlying)
Footnotes (4)
- [F1]These shares were acquired under the VerifyMe, Inc. 2021 Stock Purchase Plan in a transaction exempt under Rule 16b-3(d).
- [F2]These restricted stock units, which convert into common stock on a one-for-one basis, vest one-third on each of the first three anniversaries of the grant date, except as otherwise provided in the award notice.
- [F3]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.
- [F4](Continued from footnote 3) 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.