Ken Jisser - 28 Jun 2023 Form 4 Insider Report for authID Inc. (AUID)

Role
Director
Signature
/s/ Ken Jisser
Issuer symbol
AUID
Transactions as of
28 Jun 2023
Net transactions value
+$17,125
Form type
4
Filing time
30 Jun 2023, 16:33:39 UTC
Previous filing
31 May 2023
Next filing
22 May 2024
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 303,800 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 $17,125 +25,000 $0.6850 25,000 28 Jun 2023 Common Stock, $0.0001 par value per share 25,000 $0.6850 Direct F1
holding AUID Convertible Note 0 28 Jun 2023 Common Stock, $0.0001 par value per share 197,015 $0.5150 Direct F2
holding AUID Stock Options 100,000 28 Jun 2023 Common Stock, $0.0001 par value per share 100,000 $0.3300 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares underling the stock options vest over a period of 12 months.
F2 On May 23, 2023, Mr. Jisser and the Company entered into an exchange agreement whereby Mr. Jisser exchanged the March 2022 Senior Secured Convertible Note in the amount of $101,463, which reflects principal and interest, for 197,015 shares of common stock at a per share price of $0.515.
F3 The shares vest annually in equal amounts over a three-year period.