MARSHALL GELLER - 29 Mar 2023 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role
Director
Signature
/s/ Margaret Gezerlis, Attorney-in-Fact for Marshall S. Geller
Issuer symbol
VRME
Transactions as of
29 Mar 2023
Transactions value $
$3,210
Form type
4
Filing time
31 Mar 2023, 16:31:26 UTC
Previous filing
02 Mar 2023
Next filing
16 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRME Common Stock, par value $0.001 Purchase $1,600 +1,000 +0.34% $1.6 296,303 29 Mar 2023 By Marshall & Patricia Geller Living Trust F2
transaction VRME Common Stock, par value $0.001 Purchase $1,610 +1,000 +0.34% $1.61 297,303 30 Mar 2023 By Marshall & Patricia Geller Living Trust F2
holding VRME Common Stock, par value $0.001 82,001 29 Mar 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding VRME Restricted Stock Units 30,000 29 Mar 2023 Common Stock, par value $0.001 30,000 $0 Direct F3, F4
holding VRME Stock Option (Right to Buy) 3,000 29 Mar 2023 Common Stock, par value $0.001 3,000 $5.3 By Marshall & Patricia Geller Living Trust F5
holding VRME Stock Option (Right to Buy) 10,000 29 Mar 2023 Common Stock, par value $0.001 10,000 $3.5 By Marshall & Patricia Geller Living Trust F5
holding VRME Stock Option (Right to Buy) 10,000 29 Mar 2023 Common Stock, par value $0.001 10,000 $3.5 By Marshall & Patricia Geller Living Trust F5
holding VRME Warrant (Right to Buy) 31,104 29 Mar 2023 Common Stock, par value $0.001 31,104 $3.22 By Marshall & Patricia Geller Living Trust
holding VRME Warrant (Right to Buy) 7,000 29 Mar 2023 Common Stock, par value $0.001 7,000 $4.6 Direct
holding VRME Warrant (Right to Buy) 31,941 29 Mar 2023 Common Stock, par value $0.001 31,941 $4.6 By Marshall & Patricia Geller Living Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 30,001 vested restricted stock units 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 Includes 38,309 vested restricted stock units 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.
F3 These restricted stock units, which convert into common stock on a one-for-one basis, vest on 4/7/2024 in two equal tranches, except as otherwise provided in the award notice. Tranch 1 will vest on the second anniversary of the date of grant 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 the third anniversary of the date of grant if the issuer's common stock during such period was at or above $5.00 for 20 consecutive trading days.
F4 (Continued from footnote 3) Tranch 2 will vest on the second anniversary of the date of grant 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 the third anniversary of the date of grant if the issuer's common stock during such period was at or above $7.00 for 20 consecutive trading days.
F5 This option is fully exercisable as of the date of this report.