Kenneth S. Cragun - Jan 7, 2025 Form 4 Insider Report for Verb Technology Company, Inc. (VERB)

Role: Director
Signature: /s/ Kenneth S. Cragun
Stock symbol: VERB
Transactions as of: Jan 7, 2025
Transactions value $: $0
Form type: 4
Date filed: 1/8/2025, 09:00 PM
Previous filing: Nov 8, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VERB	Common Stock	Award	$0	+12.1K	+148.52%	$0.00	20.3K	Jan 7, 2025	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	On January 7, 2025, the compensation committee of the Issuer's board of directors adopted the annual recommendation of an independent compensation consulting firm retained to determine compensation for the Issuer's executives and board members, granting 12,140 restricted stock units to the Reporting Person as compensation for the fiscal year ending December 31, 2025, that will vest on the first anniversary of the grant. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock provided that the Reporting Person remains in continuous service on the vesting date. The restricted stock units may be settled only by delivering shares of the Issuer's common stock, and thus, the grant is being reported in Table 1 instead of Table II, as allowed per SEC guidance and to avoid having to file a Form 4 each time there is a vesting of the restricted stock units.
F2	The total reported in Column 5 includes the (i) 12,140 newly awarded restricted stock units, (ii) 8,155 restricted stock units, of which 0 have vested, and (iii) 19 restricted stock units, of which 19 have vested and issued to the Reporting Person.

Content

On January 7, 2025, the compensation committee of the Issuer's board of directors adopted the annual recommendation of an independent compensation consulting firm retained to determine compensation for the Issuer's executives and board members, granting 12,140 restricted stock units to the Reporting Person as compensation for the fiscal year ending December 31, 2025, that will vest on the first anniversary of the grant. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock provided that the Reporting Person remains in continuous service on the vesting date. The restricted stock units may be settled only by delivering shares of the Issuer's common stock, and thus, the grant is being reported in Table 1 instead of Table II, as allowed per SEC guidance and to avoid having to file a Form 4 each time there is a vesting of the restricted stock units.

The total reported in Column 5 includes the (i) 12,140 newly awarded restricted stock units, (ii) 8,155 restricted stock units, of which 0 have vested, and (iii) 19 restricted stock units, of which 19 have vested and issued to the Reporting Person.