[Form 4] Verb Technology Company, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Morgan Stanley Direct Lending Fund (MSDL) filed a Form 3 on 08/05/2025 disclosing the initial insider holdings of Co-President Jeff M. Day.

• Day indirectly owns 12,168 shares of MSDL common stock through The Day Family Trust; he disclaims beneficial ownership beyond his pecuniary interest.
• No derivative securities were reported.
• The filing meets Section 16(a) requirements for first-time reporting insiders and does not indicate any recent purchase or sale activity—merely the establishment of reporting status.

Insights

Corporate Governance Expert

TL;DR: Routine Form 3; establishes insider status, negligible market impact.

This filing simply registers Jeff Day, the funds Co-President, as a Section 16 insider. The disclosed 12,168 shares represent a modest stake and are held via a family trust, limiting direct control. No derivatives, transactions, or compensatory grants are listed, so the document is administratively important but strategically immaterial. Investors gain transparency into governance, yet the data are too small to shift ownership structure or signal directional sentiment.

Portfolio Manager

TL;DR: Insignificant position size, no trading signal.

The 12.2k-share interest is unlikely to influence float or liquidity for MSDL. Because the filing does not involve new purchases or sales, it offers no insight into managements valuation view. Accordingly, the disclosure is neutral for portfolio decisions and should not alter risk-return assumptions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CRAGUN KENNETH S

(Last) (First) (Middle)

C/O VERB TECHNOLOGY COMPANY, INC.

3024 SIERRA JUNIPER COURT

(Street)

LAS VEGAS NV 89138

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Verb Technology Company, Inc. [ VERB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/01/2025		A		20,000(1)	A	$0	40,314	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The 20,000 restricted stock units (the "RSUs") granted to the Reporting Person on August 1, 2025, are issued pursuant to the 2019 Stock and Incentive Compensation Plan. The RSUs vested on the grant date.

	/s/ Kenneth S. Cragun	08/05/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who filed the Form 3 for MSDL?

Co-President Jeff M. Day filed the initial beneficial ownership statement.

How many MSDL shares does Jeff M. Day own?

The filing reports indirect ownership of 12,168 common shares.

Does the filing disclose any derivative securities?

No. Table II shows no derivative securities owned.

What is the nature of Day's ownership?

The shares are held indirectly through The Day Family Trust; Day disclaims beneficial ownership beyond his economic interest.

Is this filing considered material to investors?

Given the small position and lack of transactions, the impact is generally viewed as neutral.