Stephen Jeffrey Garchik - 18 Apr 2022 Form 3 Insider Report for Ipsidy Inc. (AUID)

Role
Director by Deputization
Signature
/s/ Stephen J. Garchik
Issuer symbol
AUID
Transactions as of
18 Apr 2022
Transactions value $
$0
Form type
3
Filing time
28 Apr 2022, 16:55:05 UTC
Next filing
11 Jul 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AUID Common Stock 2M 18 Apr 2022 Direct
holding AUID Common Stock 167K 18 Apr 2022 See Footnotes F1, F2
holding AUID Common Stock 11.7K 18 Apr 2022 See Footnotes F1, F3
holding AUID Common Stock 89.3K 18 Apr 2022 See Footnotes F1, F2, 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
holding AUID Common Stock Purchase Warrant 18 Apr 2022 Common Stock 83.3K $4.50 See footnotes F1, F5
holding AUID Common Stock Purchase Warrant 18 Apr 2022 Common Stock 40.7K $4.50 See footnotes F1, F6
holding AUID Convertible Notes 18 Apr 2022 Common Stock 270K $3.70 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stephen J. Garchik ("Mr. Garchik") disclaims beneficial ownership of any and all of the Issuer's securities reported herein in excess of its actual pecuniary interest.
F2 Held by the Garchik Irrevocable 2019 Trust (the "2019 Trust") of which Mr. Garchik is a trustee
F3 Held by Garchik Universal Limited Partnership, which Mr. Garchik jointly controls with his sister.
F4 Held by Marla Garchik Irrevocable 2020 Trust (the "2020 Trust") of which Mr. Garchik is a beneficiary.
F5 Held by the 2019 Trust.
F6 Held by the 2020 Trust.

Remarks:

Mr. Garchik may be deemed to be a director by deputization for purposes of Section 16 under the Securities Exchange Act of 1934 by virtue of the fact that pursuant to a Facility Agreement (the "Facility Agreement") entered into between the Issuer and Mr. Garchik, Mr. Garchik is entitled to nominate one designee to the Issuer's board of directors until such time as all amounts due pursuant to the Facility Agreement are repaid in full.