4//SEC Filing
Volk Fred III 4
Accession 0001062993-23-020105
CIK 0001104038other
Filed
Nov 2, 8:00 PM ET
Accepted
Nov 3, 4:30 PM ET
Size
10.8 KB
Accession
0001062993-23-020105
Insider Transaction Report
Form 4
VerifyMe, Inc.VRME
Volk Fred III
VP-Ops, PeriShip Global LLC
Transactions
- Tax Payment
Common Stock, par value $0.001 per share
2023-11-02$1.10/sh−3,360$3,696→ 42,370 total - Exercise/Conversion
Common Stock, par value $0.001 per share
2023-11-02+13,333→ 45,730 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)
Holdings
- 62,696
Restricted Stock Units
Exercise: $0.00→ Common Stock, par value $0.001 per share (62,696 underlying)
Footnotes (4)
- [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 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 0001926084
Filing Metadata
- Form type
- 4
- Filed
- Nov 2, 8:00 PM ET
- Accepted
- Nov 3, 4:30 PM ET
- Size
- 10.8 KB