VERB Form 3: New Director Filing Shows Zero Beneficial Ownership
Rhea-AI Filing Summary
Highfield Tucker Montana filed an initial Form 3 reporting a connection to Verb Technology Company, Inc. (VERB) following an event on 08/07/2025. The filing lists Mr. Montana's mailing address in Las Vegas, NV, and indicates his relationship to the issuer as a Director. The Form 3 was filed individually by one reporting person and includes Exhibit 24 (Power of Attorney).
The filing explicitly states no securities are beneficially owned by the reporting person. The form is signed by Sarah Olsen as attorney-in-fact on 08/20/2025. No derivative or non-derivative holdings, transaction amounts, or other ownership details are reported.
Positive
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Negative
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Insights
TL;DR: Routine initial disclosure showing director appointment with no securities owned is neutral for investors.
The Form 3 confirms a formal disclosure by a new or newly-reporting director of Verb Technology Company (VERB) without any beneficial ownership of equity or derivatives. As an initial Section 16 filing, it fulfills regulatory transparency requirements but carries no direct market impact because there are no reported holdings or transactions to signal intent or alignment with shareholders. The inclusion of Exhibit 24 indicates a power of attorney was used for filing.
TL;DR: Filing meets Section 16(a) reporting rules; absence of reported securities makes it a routine, non-material disclosure.
From a compliance standpoint, the submission documents the reporting person's relationship and provides the required certification. The explicit statement that no securities are beneficially owned eliminates immediate reporting obligations for holdings or transactions, reducing short-term disclosure risk. There are no indications of late filings for prior transactions or other anomalies in the provided text.