[Form 4] VerifyMe, Inc. Insider Trading Activity
VerifyMe, Inc. (symbol: VRME) is the issuer of record for a Form 4 filing submitted to the SEC.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
VerifyMe, Inc. (symbol: VRME) is the issuer of record for a Form 4 filing submitted to the SEC.
Insider Trade Summary
Grant/Award: 702,598 shares
Grant/Award
4 txns
Insider
Hernandez Gerard Albert Palana
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) F6, F5, F2 | 154,540 | -- | -- |
| Grant/Award | Stock Option (Right to Buy) F6, F5, F2 | 144,633 | -- | -- |
| Grant/Award | Common Stock F1, F2 | 386,348 | -- | -- |
| Grant/Award | Common Stock F3, F4 | 17,077 | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 299,173 contracts (Indirect, By GM Consulting Group Inc.);
Common Stock — 386,348 shares (Indirect, By GM Consulting Group Inc.);
Common Stock — 17,077 shares (Indirect, By LB2 Capital Partners LLC)
Footnotes (6)
- F1. Received in exchange for 5,000 shares of OpenWorld, Ltd. in connection with the merger of OpenWorld, Ltd. into OpenWorld, Inc. (the "Merger"). On the effective date of the Merger, the closing price of OpenWorld, Inc.'s common stock was $8.98.
- F2. Mr. Hernandez has beneficial ownership over the shares held by GM Consulting Group Inc.
- F3. Received in exchange for 221 shares of OpenWorld, Ltd. in connection with the merger of OpenWorld, Ltd. into OpenWorld, Inc. (the "Merger"). On the effective date of the Merger, the closing price of OpenWorld, Inc.'s common stock was $8.98.
- F4. Mr. Hernandez has beneficial ownership over the shares held by LB2 Capital Partners LLC.
- F5. The vesting commence date of these options is 10/10/2023 (the "Vesting Commencement Date"). Beginning on the 1-year anniversary of the Vesting Commencement Date, 1/24 of the options will vest. The remaining options shall vest in on a linear monthly basis, such that all options shall be fully vested on the 3-year anniversary of the Vesting Commencement Date, subject to reporting person's continuous service as of each such dates.
- F6. Received in the Merger in exchange for stock options to acquire shares of OpenWorld, Ltd.
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