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TON Strategy Co — Director's Dealing 2022
May 17, 2022
35543_dirs_2022-05-17_3de732dd-7298-409f-af72-8b899719e3bb.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: 2022-05-13
Reporting Person: Khan Salman Hassan (CFO & Treasurer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-05-15 | Employee Stock Option (Right to Buy) | $0.30 | A | 100000 | Acquired | 2027-05-15 | Common Stock (100000) | Direct |
Footnotes
F1: This stock option grant was initially contemplated in Reporting Person's employment agreement when he joined the Company as its Executive Vice President of Corporate Development and Strategic Planning in May 2021. Reporting Person's May 2021 employment agreement provided that after one year of continuous employment with the Company and if Reporting Person has not violated the terms of his employment, Reporting Person will receive 100,000 additional employee stock options (right to buy). Reporting Person has satisfied the terms of his May 2021 employment agreement to receive this additional 100,000 employee stock options (right to buy).
F2: The option vests in four equal annual installments beginning on May 15, 2023.