Philip R. Broenniman - 21 Mar 2022 Form 4 Insider Report for Ipsidy Inc. (AUID)

Role
Director
Signature
/s/ Philip R. Broenniman
Issuer symbol
AUID
Transactions as of
21 Mar 2022
Net transactions value
+$272,972,711,003
Form type
4
Filing time
23 Mar 2022, 17:00:25 UTC
Previous filing
03 Jan 2022
Next filing
05 Jul 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AUID Common Stock, $.0001 par value Award $1,001 +311 +0.18% $3.22 173,058 21 Mar 2022 Direct F4
transaction AUID Common Stock, $.0001 par value Award $10,001 +3,106 +0.91% $3.22 343,938 21 Mar 2022 See footnote F1, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AUID Senior Secured Convertible Note Award $270,270,000,000 +270,270 $1000000.00* 270,270 21 Mar 2022 Common Stock, $0.0001 par value per share 270,270 $3.70 See Footnotes F1
transaction AUID Senior Secured Convertible Note Award $2,702,700,000 +27,027 $100000.00* 27,027 21 Mar 2022 Common Stock, $0.0001 par value per share 27,027 $3.70 Direct
holding AUID Stock Options 10,238 21 Mar 2022 Common Stock, $0.0001 par value per share 10,238 $15.16 Direct F2
holding AUID Stock Options 388,744 21 Mar 2022 Common Stock, $0.0001 par value per share 388,744 $7.20 Direct F3
holding AUID Warrants 30,972 21 Mar 2022 Common Stock, $0.0001 par value per share 30,972 $4.50 See Footnotes F1
holding AUID Stock Options 555,556 21 Mar 2022 Common Stock, $0.0001 par value per share 555,556 $2.10 Direct
holding AUID Warrants 11,667 21 Mar 2022 Common Stock, $0.0001 par value per share 11,667 $4.95 Direct
holding AUID Warrants 8,750 21 Mar 2022 Common Stock, $0.0001 par value per share 8,750 $2.64 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Broenniman is the Managing Partner of Varana Capital, LLC ("Varana Capital"), which, in turn, is the investment manager of and has dispositive control over the shares held by Varana Capital Focused, LP ("VCFLP"). By virtue of these relationships, in addition to the shares he holds personally, Mr. Broenniman may be deemed to beneficially own the shares held by Varana Capital Focused, LP.
F2 The shares vest monthly in equal amounts over a one-year period.
F3 383,334 of the shares vest upon meeting performance criteria.
F4 Upon acquiring the Senior Secured Convertible Note, the reporting person was issued an origination fee in shares of common stock equal to 1.0% of the original principal amount of the reporting person's Senior Secured Convertible Notes with the value of each such share being the arithmetic average of the volume weighted average price of the Common Stock for each of the ten trading days immediately preceding the effective date.