| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | VRME | Common Stock, par value $0.001 per share | 25,827 | 01 Jul 2024 | Direct |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | VRME | Restricted Stock Units | Award | $9,450 | +5,906 | $1.60 | 5,906 | 01 Jul 2024 | Common Stock, par value $0.001 per share | 5,906 | $0.000000 | Direct | F1, F2, F3 | |
| holding | VRME | Restricted Stock Units | 26,667 | 01 Jul 2024 | Common Stock, par value $0.001 per share | 26,667 | $0.000000 | Direct | F1, F4 | |||||
| holding | VRME | Restricted Stock Units | 75,000 | 01 Jul 2024 | Common Stock, par value $0.001 per share | 75,000 | $0.000000 | Direct | F1, F5 | |||||
| holding | VRME | Restricted Stock Units | 59,248 | 01 Jul 2024 | Common Stock, par value $0.001 per share | 59,248 | $0.000000 | Direct | F1, F6 |
| Id | Content |
|---|---|
| F1 | These restricted stock units ("RSUs") convert into common stock on a one-for-one basis. |
| F2 | These RSUs were granted under the VerifyMe, Inc. 2020 Equity Incentive Plan in a transaction exempt under Rule 16b-3 and vest on 1/1/2025, except as otherwise provided in the award notice. |
| F3 | This grant of RSUs was made pursuant to the issuer's salary reduction program, pursuant to which the number of RSUs was determined by dividing the amount of the reporting person's salary reduction by $1.60. |
| F4 | One-third of the original grant of these RSUs 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. |
| F5 | These RSUs vest in three tranches, except as otherwise provided in the award notice. Tranche 1 will vest 20,000 shares of common stock after the reporting person's continued employment on or after June 18, 2024 if the price of the issuer's common stock increases to $2.21 per share and trades at or above that price for 20 consecutive trading days prior to June 18, 2027. Tranche 2 will vest 25,000 shares after the reporting person's continued employment on or after June 18, 2025 if the price of the issuer's common stock increases to $2.94 per share and trades at or above that price for 20 consecutive trading days prior to June 18, 2027. Tranche 3 will vest 30,000 shares after the reporting person's continued employment on June 18, 2027 if the price of the issuer's common stock increases to $3.68 per share and trades at or above that price for 20 consecutive trading days prior to June 18, 2027. |
| F6 | These RSUs vest in two equal tranches, except as otherwise provided in the award notice. Tranche 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, Tranche 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. Tranche 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, Tranche 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. |