Wang Jack 4
4 · VerifyMe, Inc. · Filed Nov 5, 2024
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
2024-11-02+13,333→ 39,160 total - Exercise/Conversion
Restricted Stock Units
2024-11-02−13,333→ 13,334 totalExercise: $0.00→ Common Stock, par value $0.001 per share (13,333 underlying) - Tax Payment
Common Stock, par value $0.001 per share
2024-11-02$1.31/sh−2,133$2,804→ 37,027 total
Holdings
- 5,906
Restricted Stock Units
Exercise: $0.00→ Common Stock, par value $0.001 per share (5,906 underlying) - 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 (6)
- [F1]These restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
- [F2]Shares withheld to cover tax withholding obligations upon the vesting of RSUs.
- [F3]Two-thirds of the original grant of these RSUs vested on each of 11/2/2023 and 11/2/2024 and, except as otherwise provided in the award notice, the balance vests on 11/2/2025.
- [F4]These RSUs vest on 1/1/2025, except as otherwise provided in the award notice.
- [F5]These RSUs 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 issuer'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 issuer'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 issuer'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.
- [F6]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.