Philip R. Broenniman - Sep 20, 2022 Form 4 Insider Report for authID Inc. (AUID)

Role
Director
Signature
/s/ Philip R. Broenniman
Stock symbol
AUID
Transactions as of
Sep 20, 2022
Transactions value $
$105,947
Form type
4
Date filed
9/22/2022, 04:49 PM
Previous filing
Jul 5, 2022
SEC
View on sec.gov

Transactions Table

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 Stock Options Award $106K +35K $3.03 35K Sep 20, 2022 Common Stock, $0.0001 par value per share 35K $3.03 Direct F2
holding AUID Senior Secured Convertible Note 270K Sep 20, 2022 Common Stock, $0.0001 par value per share 270K $3.70 See Footnotes F1
holding AUID Senior Secured Convertible Note 27K Sep 20, 2022 Common Stock, $0.0001 par value per share 27K $3.70 Direct
holding AUID Stock Options 10.2K Sep 20, 2022 Common Stock, $0.0001 par value per share 10.2K $15.16 Direct F2
holding AUID Stock Options 389K Sep 20, 2022 Common Stock, $0.0001 par value per share 389K $7.20 Direct F3
holding AUID Stock Options 556K Sep 20, 2022 Common Stock, $0.0001 par value per share 556K $2.10 Direct
holding AUID Warrants 11.7K Sep 20, 2022 Common Stock, $0.0001 par value per share 11.7K $4.95 Direct
holding AUID Warrants 8.75K Sep 20, 2022 Common Stock, $0.0001 par value per share 8.75K $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.