Verb Technology Grants 37,956 Restricted Stock Units to CFO/COO
Rhea-AI Filing Summary
Verb Technology Company, Inc. reported an insider equity award for its CFO & COO, Sarah Josephine Olsen. The filing shows a grant of 37,956 restricted stock units (RSUs) issued under the company’s 2019 Stock Incentive Plan. The RSUs are recorded as direct beneficial ownership of 37,956 shares and are reported with a price of $0.
The awarded RSUs are not immediately vested; they will vest on the six-month anniversary following the successful and timely filing of the company’s first quarterly report, creating a clear administrative condition before shares convert to ownership. The filing does not include total shares outstanding, so ownership percentage and dilution effects cannot be determined from this document alone.
Positive
- Grant documented: A clear award of 37,956 RSUs to the CFO & COO is disclosed under the 2019 Stock Incentive Plan.
- Explicit vesting condition: RSUs vest on the six-month anniversary following the successful and timely filing of the company’s first quarterly report, making the vesting trigger transparent.
Negative
- Vesting contingent: The RSUs are not immediately vested and depend on a specific filing event before shares convert to full ownership.
- Insufficient dilution data: The filing does not disclose total shares outstanding or other holdings needed to assess the award’s percentage dilution.
Insights
TL;DR: Officer received a compensation grant of 37,956 RSUs; vesting is conditional, and dilution impact is indeterminate from this filing.
The Form 4 documents a non-cash equity award of 37,956 RSUs to the company’s CFO & COO under the 2019 Stock Incentive Plan. The RSUs are recorded at a $0 price and are listed as direct beneficial ownership following the grant. Vesting is explicitly tied to a corporate reporting milestone (six months after a successful and timely quarterly filing). Because the filing does not provide total shares outstanding or other recent insider holdings, it is not possible to quantify the grant’s dilutive effect or immediate impact on per-share metrics from this form alone.
TL;DR: Grant uses standard incentive-plan mechanics with a filing-based vesting condition; disclosure is routine but leaves ownership percentage unclear.
The disclosure shows a standard restricted stock unit grant to an executive, issued under the 2019 Stock Incentive Plan and subject to a specific vesting condition tied to a timely regulatory filing. The filing confirms direct beneficial ownership of 37,956 shares post-grant and includes an explicit vesting trigger. From a governance perspective, the condition ties equity realization to compliance with reporting obligations, but the Form 4 alone does not provide material context such as plan limits, total dilution, or how this award fits into broader compensation practices.