| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | VRME | Common Stock, par value $0.001 | Award | $0 | +86,806 | +70% | $0.000000 | 210,871 | 07 Jun 2023 | Direct | F1, F2, F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | VRME | Restricted Stock Units | 56,819 | 07 Jun 2023 | Common Stock, par value $0.001 | 56,819 | $0.000000 | Direct | F4, F5 | |||||
| holding | VRME | Restricted Stock Units | 30,000 | 07 Jun 2023 | Common Stock, par value $0.001 | 30,000 | $0.000000 | Direct | F6, F7 | |||||
| holding | VRME | Stock Option (Right to Buy) | 10,000 | 07 Jun 2023 | Common Stock, par value $0.001 | 10,000 | $3.50 | Direct | F8 | |||||
| holding | VRME | Warrant (Right to Buy) | 15,552 | 07 Jun 2023 | Common Stock, par value $0.001 | 15,552 | $3.22 | Direct | ||||||
| holding | VRME | Warrant (Right to Buy) | 6,403 | 07 Jun 2023 | Common Stock, par value $0.001 | 6,403 | $4.60 | Direct |
| Id | Content |
|---|---|
| F1 | This restricted stock award was granted under the VerifyMe, Inc. 2020 Equity Incentive Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vests on 6/7/2024, subject to the Reporting Person's continuous service as a member of the board of directors. |
| F2 | Includes 68,310 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 | Includes 86,806 shares of restricted stock. |
| F4 | These restricted stock units, which convert into common stock on a one-for-one basis, vest on 3/15/2025 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 $2.75 for 20 consecutive trading days. In the event that the issuer's common stock during such period does not reach $2.75 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 $2.75 for 20 consecutive trading days. |
| F5 | (Continued from footnote 4) 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 $3.75 for 20 consecutive trading days. In the event that the issuer's common stock during such period does not reach $3.75 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 $3.75 for 20 consecutive trading days. |
| F6 | 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. |
| F7 | (Continued from footnote 6) 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. |
| F8 | This option is fully exercisable as of the date of this report. |