RORY J. CUTAIA - 07 Jan 2025 Form 4 Insider Report for Verb Technology Company, Inc. (VERB)

Signature
/s/ Rory J. Cutaia
Issuer symbol
VERB
Transactions as of
07 Jan 2025
Transactions value $
$0
Form type
4
Filing time
08 Jan 2025, 21:00:14 UTC
Previous filing
08 Nov 2024
Next filing
10 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VERB Common Stock Award $0 +75,873 +146% $0 127,725 07 Jan 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 75,873 restricted stock units to the Reporting Person as compensation for the fiscal year ending December 31, 2025, that will vest annually in equal parts on the first, second, third and fourth anniversaries 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 each 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) 75,873 newly awarded restricted stock units, (ii) 50,968 restricted stock units, of which 0 have vested, and (iii) 884 shares of common stock.