Stedham Adam H 4
4 · VerifyMe, Inc. · Filed Dec 17, 2024
Insider Transaction Report
Form 4
VerifyMe, Inc.VRME
Stedham Adam H
DirectorCEO and President
Transactions
- Purchase
Common Stock, par value $0.001 per share
2024-12-16$0.61/sh+6,000$3,660→ 235,004 total - Purchase
Common Stock, par value $0.001 per share
2024-12-17$0.59/sh+10,000$5,900→ 245,004 total
Holdings
- 9,375
Restricted Stock Units
Exercise: $0.00→ Common Stock, par value $0.001 per share (9,375 underlying) - 136,055
Restricted Stock Units
Exercise: $0.00→ Common Stock, par value $0.001 per share (136,055 underlying) - 550,000
Restricted Stock Units
Exercise: $0.00→ Common Stock, par value $0.001 per share (550,000 underlying) 8% Convertible Promissory Note due 2026
Exercise: $1.15From: 2023-08-25Exp: 2026-08-25→ Common Stock, par value $0.001 per share (152,174 underlying)
Footnotes (5)
- [F1]Includes 28,592 vested restricted stock units ("RSUs") that become payable, on a one-for-one basis, in shares of common stock of VerifyMe, Inc. upon separation of the Reporting Person's service as a director.
- [F2]These RSUs convert into common stock on a one-for-one basis.
- [F3]These RSUs were granted pursuant to the issuer's salary reduction program 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 6/19/2024 and, except as otherwise provided in the award notice, the balance vests in substantially equal installments on each of 6/19/2025 and 6/19/2026.
- [F5]These RSUs vest in three tranches, except as otherwise provided in the award notice. Tranche 1 will vest 150,000 shares of common stock on or after 6/19/2024 if the price of the issuer's common stock is $2.21 per share and trades at or above that price for 20 consecutive days. Tranche 2 will vest 200,000 shares of common stock on or after 6/19/2025 if the issuer's common stock trades at or above $2.94 per share for 20 consecutive trading days. Tranche 3 will vest 200,000 shares of common stock on 6/19/2027 if the issuer's common stock trades at or above $3.68 per share for 20 consecutive trading days.