4//SEC Filing
Wang Jack 4
Accession 0001062993-23-020107
CIK 0001104038other
Filed
Nov 2, 8:00 PM ET
Accepted
Nov 3, 4:32 PM ET
Size
16.2 KB
Accession
0001062993-23-020107
Insider Transaction Report
Form 4
VerifyMe, Inc.VRME
Wang Jack
SVP, Technology and CIO
Transactions
- Exercise/Conversion
Common Stock, par value $0.001 per share
2023-11-02+13,333→ 28,607 total - Exercise/Conversion
Restricted Stock Units
2023-11-02−13,333→ 26,667 totalExercise: $0.00→ Common Stock, par value $0.001 per share (13,333 underlying) - Tax Payment
Common Stock, par value $0.001 per share
2023-11-02$1.10/sh−2,780$3,058→ 25,827 total
Holdings
- 75,000
Restricted Stock Units
Exercise: $0.00→ Common Stock, par value $0.001 per share (75,000 underlying) - 59,248
Restricted Stock Units
Exercise: $0.00→ Common Stock, par value $0.001 per share (59,248 underlying)
Footnotes (5)
- [F1]These restricted stock units convert into common stock on a one-for-one basis.
- [F2]Shares withheld to cover tax withholding obligations upon the vesting of restricted stock units.
- [F3]One-third of the original grant of these restricted stock units vested on 11/2/2023, and except as otherwise provided in the award notice, the balance vests in substantially equal installments on 11/2/2024 and 11/2/2025.
- [F4]These restricted stock units vest in three tranches, except as otherwise provided in the award notice. Tranche 1 will vest 20,000 shares of common stock after the Reporting Person's continued employment on or after June 18, 2024 if the price of the Company's common stock increases to $2.21 per share and trades at or above that price for 20 consecutive trading days prior to June 18, 2027. Tranch 2 will vest 25,000 shares after the Reporting Person's continued employment on or after June 18, 2025 if the price of the Company's common stock increases to $2.94 per share and trades at or above that price for 20 consecutive trading days prior to June 18, 2027. Tranch 3 will vest 30,000 shares after the Reporting Person's continued employment on June 18, 2027 if the price of the Company's common stock increases to $3.68 per share and trades at or above that price for 20 consecutive trading days prior to June 18, 2027.
- [F5]These restricted stock units vest in two equal tranches, except as otherwise provided in the award notice. Tranch 1 will vest on 4/22/2024 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 4/22/2025 if the issuer's common stock during such period was at or above $5.00 for 20 consecutive trading days. Tranch 2 will vest on 4/22/2024 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 4/22/2025 if the issuer's common stock during such period was at or above $7.00 for 20 consecutive trading days.
Issuer
VerifyMe, Inc.
CIK 0001104038
Entity typeother
Related Parties
1- filerCIK 0001926218
Filing Metadata
- Form type
- 4
- Filed
- Nov 2, 8:00 PM ET
- Accepted
- Nov 3, 4:32 PM ET
- Size
- 16.2 KB