VerifyMe’s McMeekin receives two stock-option awards
The Global Corporate President’s awards vest over three years subject to continuous service, with one-third vesting on the first anniversary.
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Rhea-AI Filing Summary
VerifyMe, Inc. (VRME) reported two direct stock-option awards to Global Corporate President Russel Harold McMeekin on September 30, 2026: 216,356 options with a $2.19 exercise price and 468,649 with a $6.54 exercise price. The options were received in exchange for options to acquire OpenWorld, Ltd. shares in its merger into OpenWorld, Inc.
Subject to continuous service, the options vest one-third on the first anniversary of the September 15, 2024 vesting commencement date, then one-thirty-sixth on the same day of each succeeding month, becoming fully vested on the third anniversary. The options expire December 10, 2035, and August 25, 2036, respectively.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) F2, F1 | 216,356 | -- | -- |
| Grant/Award | Stock Option (Right to Buy) F2, F1 | 468,649 | -- | -- |
Footnotes (2)
- F1. The vesting commencement date of these options is 9/15/2024 (the "Vesting Commencement Date"). Subject to reporting person's continuous service, 1/3rd of the options shall vest on the 1-year anniversary of the Vesting Commencement Date and, thereafter, 1/36th of the options shall vest on same day of each succeeding calendar month, such that all options shall be fully vested on the 3-year anniversary of the Vesting Commencement Date.
- F2. Received in exchange for a stock option to acquire shares of OpenWorld, Ltd. in connection with the merger of OpenWorld, Ltd. into OpenWorld, Inc. on September 30, 2026.
Key Figures
Key Terms
Stock Option (Right to Buy) financial
Vesting Commencement Date financial
continuous service financial
FAQ
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How many options did the VRME Global Corporate President receive?
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