DAVID MARTIN ROBERTS - 13 Aug 2024 Form 4 Insider Report for VERRA MOBILITY Corp (VRRM)

Role
President and CEO, Director
Signature
/s/ David M. Roberts, by Raphael Avraham, as Attorney-in-Fact
Issuer symbol
VRRM
Transactions as of
13 Aug 2024
Transactions value $
$-1,772,827
Form type
4
Filing time
15 Aug 2024, 16:09:21 UTC
Previous filing
27 Jun 2024
Next filing
12 Nov 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRRM Class A Common Stock Options Exercise $649,905 +51,498 +7.65% $12.62 724,788 13 Aug 2024 Direct F1
transaction VRRM Class A Common Stock Sale $-1,390,940 -51,498 -7.11% $27.01 673,290 13 Aug 2024 Direct F1, F2
transaction VRRM Class A Common Stock Options Exercise $1,061,249 +77,520 +11.5% $13.69 750,810 13 Aug 2024 Direct F1
transaction VRRM Class A Common Stock Sale $-2,093,040 -77,520 -10.3% $27.00 673,290 13 Aug 2024 Direct F1
holding VRRM Class A Common Stock 219,745 13 Aug 2024 Trust

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 VRRM Employee Stock Option (Right to Buy) Options Exercise $0 -51,498 -100% $0.000000* 0 13 Aug 2024 Class A Common Stock 51,498 $12.62 Direct F3
transaction VRRM Employee Stock Option (Right to Buy) Options Exercise $0 -77,520 -66.7% $0.000000 38,760 13 Aug 2024 Class A Common Stock 77,520 $13.69 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by David Roberts on May 6, 2024.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.55 to $27.27, inclusive. The reporting person undertakes to provide to the issuer, the shareholders of issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F3 The options vest in four (4) equal annual installments beginning on March 5, 2021.
F4 The options vest in four (4) equal annual installments beginning on March 4, 2022.