Adam Stedham - 19 Jun 2023 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role: Chief Executive Officer, Director
Signature: /s/ Margaret Gezerlis, Attorney-in-Fact for Adam Stedham
Issuer symbol: VRME
Transactions as of: 19 Jun 2023
Transactions value $: $0
Form type: 4
Filing time: 20 Jun 2023, 16:30:27 UTC
Previous filing: 16 Jun 2023
Next filing: 29 Jun 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 per share	Award	$0	+34,014	+54%	$0.000000	97,001	19 Jun 2023	Direct	F1, F2

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
transaction	VRME	Restricted Stock Units	Award	$0	+204,082		$0.000000	204,082	19 Jun 2023	Common Stock, par value $0.001 per share	204,082	$0.000000	Direct	F3
transaction	VRME	Restricted Stock Units	Award	$0	+550,000		$0.000000	550,000	19 Jun 2023	Common Stock, par value $0.001 per share	550,000	$0.000000	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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 vested immediately upon grant.
F2	Includes 28,592 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, were 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, vest in three equal annual installments on each of 6/19/2024, 6/19/2025 and 6/19/2026.
F4	These restricted stock units, which convert into common stock on a one-for-one basis, were granted under the VerifyMe, Inc. 2020 Equity Incentive Plan in a transaction exempt under Rule 16b-3, 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 the first anniversary of the grant date 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 the second anniversary of the grant date 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 the fourth anniversary of the grant date if the Issuer's common stock trades at or above $3.68 per share for 20 consecutive trading days.