Verb Technology (VERB) Initial Form 3 Shows Director Holds No Shares
Rhea-AI Filing Summary
Verb Technology Company, Inc. (VERB) Form 3: Cary Nicolas Claude, identified as a director, filed an initial Section 16 statement reporting that he does not beneficially own any securities of the issuer as of the reported event date. The filing lists the reporting persons Las Vegas address and includes a signed declaration and an Exhibit 24 power of attorney.
Positive
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Negative
- None.
Insights
TL;DR: Initial insider filing shows no beneficial ownership, indicating no immediate insider holdings or transactions.
This Form 3 is an initial required disclosure for a newly reportable person. It states the reporting person is a director and that no securities are beneficially owned. From a compliance perspective, the filing satisfies basic Section 16(a) disclosure requirements by identifying the reporting person, relationship to the issuer, and stating ownership status. There are no derivative positions or indirect holdings disclosed, and an Exhibit 24 power of attorney is included, which is routine.
TL;DR: Governance disclosure complete but contains no material ownership information for investors to act on.
The document documents the appointment or reportable status of a director without associated equity ownership. That limits its materiality to investors because ownership or transactions often signal alignment or intent. The inclusion of a power of attorney and a clear signature block indicates formal compliance, but absence of holdings means no direct governance-related economic stake is disclosed here.