Philip R. Broenniman - 30 Jun 2022 Form 4 Insider Report for Ipsidy Inc. (AUID)

Role
Director
Signature
/s/ Philip R. Broenniman
Issuer symbol
AUID
Transactions as of
30 Jun 2022
Net transactions value
+$30,091
Form type
4
Filing time
05 Jul 2022, 16:28:15 UTC
Previous filing
23 Mar 2022
Next filing
22 Sep 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 Options Exercise $2,736 +915 +0.53% $2.99 173,973 30 Jun 2022 Direct F4
transaction AUID Common Stock, $.0001 par value Options Exercise $27,356 +9,149 +2.7% $2.99 353,087 30 Jun 2022 See footnote F1, F5

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 Senior Secured Convertible Note 270,270 30 Jun 2022 Common Stock, $0.0001 par value per share 270,270 $3.70 See Footnotes F1
holding AUID Senior Secured Convertible Note 27,027 30 Jun 2022 Common Stock, $0.0001 par value per share 27,027 $3.70 Direct
holding AUID Stock Options 10,238 30 Jun 2022 Common Stock, $0.0001 par value per share 10,238 $15.16 Direct F2
holding AUID Stock Options 388,744 30 Jun 2022 Common Stock, $0.0001 par value per share 388,744 $7.20 Direct F3
holding AUID Warrants 30,972 30 Jun 2022 Common Stock, $0.0001 par value per share 30,972 $4.50 See Footnotes F1
holding AUID Stock Options 555,556 30 Jun 2022 Common Stock, $0.0001 par value per share 555,556 $2.10 Direct
holding AUID Warrants 11,667 30 Jun 2022 Common Stock, $0.0001 par value per share 11,667 $4.95 Direct
holding AUID Warrants 8,750 30 Jun 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 The reporting person received 915 shares of common stock at a per share price of $2.99 as payment of interest for the quarter ended June 30, 2022 associated with the Senior Secured Convertible Note dated March 21, 2022.
F5 The reporting person received 9,149 shares of common stock at a per share price of $2.99 as payment of interest for the quarter ended June 30, 2022 associated with the Senior Secured Convertible Note dated March 21, 2022.