Rhoniel Daguro - 28 Jun 2023 Form 4 Insider Report for authID Inc. (AUID)

Role
Chief Executive Officer, Director
Signature
/s/ Rhoniel Daguro
Issuer symbol
AUID
Transactions as of
28 Jun 2023
Net transactions value
+$1,003,525
Form type
4
Filing time
30 Jun 2023, 16:15:16 UTC
Previous filing
30 May 2023
Next filing
22 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AUID Common Stock, $0.0001 par value per share 100,000 28 Jun 2023 Direct

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 $1,003,525 +1,465,000 $0.6850 1,465,000 28 Jun 2023 Common Stock, $0.0001 par value per share 1,465,000 $0.6850 Direct F2
holding AUID Stock Options 2,455,000 28 Jun 2023 Common Stock, $0.0001 par value per share 2,455,000 $0.3970 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option vesting is subject to achievement of performance and service conditions providing (i) 420,000 shares of common stock vested on date of grant; and (ii) 2,035,000 shares of common stock vest equally on a monthly basis over three years provided that shares of common stock vesting is accelerated in four equal installments upon achievement of four performance targets based on market capitalization or as to the entire balance upon earlier termination on change of control.
F2 The stock option vesting is subject to achievement of performance and service conditions.