Hammerschmidt Judith Lynne 4
4 · Verb Technology Company, Inc. · Filed Nov 21, 2022
Insider Transaction Report
Form 4
Hammerschmidt Judith Lynne
Director
Transactions
- Disposition to Issuer
Common Stock
2022-11-17−50,829→ 303,844 total - Award
Stock Option (Right to Buy)
2022-11-17+56,818→ 158,476 totalExercise: $0.22From: 2022-11-17Exp: 2027-11-16→ Common Stock (56,818 underlying) - Award
Stock Option (Right to Buy)
2022-11-17+101,658→ 101,658 totalExercise: $0.22From: 2022-11-17Exp: 2027-11-16→ Common Stock (101,658 underlying)
Footnotes (3)
- [F1]Reflects the Reporting Person's voluntary forfeiture of shares of the Issuer's common stock, par value $0.0001 per share (the "Shares"). The forfeited Shares were issued on January 4, 2022 upon the vesting and settlement in full of an aggregate of 50,829 restricted stock unit awards issued on January 4, 2021 pursuant to the terms of the Issuer's 2019 Omnibus Incentive Plan (the "2019 Plan"). The forfeited Shares were returned to the Issuer's treasury stock.
- [F2]In exchange for the forfeiture of the shares referenced in Note 1 above, on November 17, 2022, the board of directors of the Issuer granted the Reporting Person stock options to purchase 101,658 Shares. The stock options fully vested upon issuance.
- [F3]The stock options were granted as consideration for the Reporting Person's agreement to accept a 25% reduction in cash compensation for a period of four months. The stock options were granted pursuant to the 2019 Plan and vest in equal installments on the last day of each month over the four-month period, commencing on December 31, 2022.