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TON Strategy Co — Director's Dealing 2022
May 20, 2022
35543_dirs_2022-05-20_cc654e82-a469-4a60-aa4b-f9f058b19938.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Verb Technology Company, Inc. (VERB)
CIK: 0001566610
Period of Report: 2022-05-19
Reporting Person: CUTAIA RORY J. (Director, CEO & President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-05-19 | Common Stock | A | 189394 | $0.528 | Acquired | 6312745 | Direct |
Footnotes
F1: As disclosed in the Issuer's filings with the SEC, the Reporting Person (Rory J. Cutaia, the Issuer's CEO) has historically elected to defer payment of up to half of his annual cash compensation. As of December 31, 2021, the sum of $1,030,944, remains accrued and unpaid to Reporting Person. On May 19, 2022, the Board of Directors approved the Reporting Person's request to convert $100,000 of such accrued amount in order to purchase shares of the Issuer's common stock, thereby reducing the amount of debt on the Issuer's balance sheet. Using the closing price of the Issuer's common stock on May 19, 2022, which was $0.528, 189,394 shares were purchased by Reporting Person.