Meyers Nancy L. 4
4 · VerifyMe, Inc. · Filed Mar 2, 2023
Insider Transaction Report
Form 4
VerifyMe, Inc.VRME
Meyers Nancy L.
Chief Financial Officer
Transactions
- Award
Common Stock, par value $0.001 per share
2023-02-28$1.19/sh+5,882$7,000→ 5,882 total
Holdings
- 28,125
Restricted Stock Units
Exercise: $0.00→ Common Stock, par value $0.001 per share (28,125 underlying) - 48(indirect: By Spouse)
Common Stock, par value $0.001 per share
Footnotes (3)
- [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, 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 on 2/16/2024 in two equal tranches. 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.