Quarterly report pursuant to Section 13 or 15(d)

Restricted Stock Awards

Restricted Stock Awards
3 Months Ended
Mar. 31, 2020
Restricted Stock Awards  
Restricted Stock Awards



On December 20, 2019, we held the 2019 Annual Meeting of Stockholders (the “Meeting”), at which our stockholders approved and adopted the Verb Technology Company, Inc. 2019 Omnibus Incentive Plan (the “Plan”).


A summary of restricted stock award activity for the three months ended March 31, 2020 is presented below.


          Grant Date  
    Shares     Fair Value  
Non-vested at December 31, 2019     1,486,354     $      1.36  
Granted     -       -  
Vested     (11,025 )     1.36  
Forfeited     -       -  
Non-vested at March 31, 2020     1,475,329     $ 1.36  


The total fair value of restricted stock award that vest during the three months ended March 31, 2020 was $241,000 and is included in selling, general and administrative expenses in the accompanying statements of operations. As of March 31, 2020, the amount of unvested compensation related to issuances of restricted stock award was $1,758,000 which will be recognized as an expense in future periods as the shares vest.