4//SEC Filing
Volk Fred III 4
Accession 0001062993-24-013189
CIK 0001104038other
Filed
Jun 30, 8:00 PM ET
Accepted
Jul 1, 4:30 PM ET
Size
13.0 KB
Accession
0001062993-24-013189
Insider Transaction Report
Form 4
VerifyMe, Inc.VRME
Volk Fred III
VP-Ops, PeriShip Global LLC
Transactions
- Award
Restricted Stock Units
2024-06-30+75,000→ 75,000 totalExercise: $0.00→ Common Stock, par value $0.001 per share (75,000 underlying) - Award
Restricted Stock Units
2024-07-01+6,250→ 6,250 totalExercise: $0.00→ Common Stock, par value $0.001 per share (6,250 underlying)
Holdings
- 62,696
Restricted Stock Units
Exercise: $0.00→ Common Stock, par value $0.001 per share (62,696 underlying) - 42,370
Common Stock, par value $0.001 per share
- 26,667
Restricted Stock Units
Exercise: $0.00→ Common Stock, par value $0.001 per share (26,667 underlying)
Footnotes (5)
- [F1]These restricted stock units (RSUs) convert into common stock on a one-for-one basis.
- [F2]These RSUs were granted under the VerifyMe, Inc. 2020 Equity Incentive Plan in a transaction exempt under Rule 16b-3 and vest in three tranches. Tranche 1 will vest 20,000 shares of common stock after the Reporting Person's continued employment on or after June 18, 2025 if the price of the Company's common stock increases to $2.21 per share and trades at or above that price for 20 consecutive trading days prior to June 18, 2027. Tranche 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. Tranche 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.
- [F3]These RSUs were granted under the VerifyMe, Inc. 2020 Equity Incentive Plan in a transaction exempt under Rule 16b-3 and vest on 1/1/2025, except as otherwise provided in the award notice.
- [F4]One-third of the original grant of these RSUs 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.
- [F5]These RSUs vest in two equal tranches, except as otherwise provided in the award notice. Tranche 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, Tranche 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. Tranche 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, Tranche 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 0001926084
Filing Metadata
- Form type
- 4
- Filed
- Jun 30, 8:00 PM ET
- Accepted
- Jul 1, 4:30 PM ET
- Size
- 13.0 KB