4/A: VerifyMe Executive Fred Volk III Reports Changes in Beneficial Ownership

Fred Volk III, VP-Ops of PeriShip Global LLC, reports a correction to a previous filing regarding restricted stock units (RSUs) in VerifyMe, Inc.

Summary

• Fred Volk III, VP-Ops of PeriShip Global LLC, filed an amended Form 4 to correct a previous error regarding the price of restricted stock units (RSUs).
• The original Form 4 mistakenly listed the price of the RSUs as $0.
• The correct price was $1.60, and the RSUs were granted under VerifyMe, Inc.'s 2020 Equity Incentive Plan.
• The 6,250 RSUs vest on 1/1/2025 and convert into common stock on a one-for-one basis.
• The grant was made pursuant to the issuer's salary reduction program, where the number of RSUs was determined by dividing the salary reduction amount by $1.60.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing, indicating a commitment to accuracy and transparency. It doesn't contain any significantly positive or negative news, hence a neutral to slightly positive sentiment.

Positives

• The correction provides accurate information about the RSU grant, increasing transparency for investors.

Industry Context

This filing is a routine disclosure related to executive compensation and beneficial ownership, as required by the SEC. It provides transparency to investors regarding the equity holdings of company insiders.

Related Party Transactions

• The grant of RSUs to Fred Volk III is a related party transaction, as he is an officer of PeriShip Global LLC, a subsidiary of VerifyMe, Inc.

Stakeholder Impact

• The correction of the RSU price ensures accurate information is available to shareholders regarding executive compensation.

Key Dates