Gezerlis Margaret 4

4 · VerifyMe, Inc. · Filed Jul 24, 2023

Form 4

Period: 2023-07-20

Chief Financial Officer

Transactions

Holdings

Restricted Stock Units
Exercise: $0.00→ Common Stock, par value $0.001 per share (28,125 underlying)
28,125
Stock Option (Right to Buy)
Exercise: $16.05Exp: 2023-11-15→ Common Stock, par value $0.001 per share (2,000 underlying)
2,000
Stock Option (Right to Buy)
Exercise: $3.50Exp: 2025-01-07→ Common Stock, par value $0.001 per share (4,000 underlying)
4,000

Footnotes (4)

[F1]This restricted stock award was 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, vests on 7/31/2023.
[F2]These restricted stock units, which convert into common stock on a one-for-one basis, vest on 2/16/2024 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.
[F4]This option is fully exercisable as of the date of this report.

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