Garrett Gafke - 30 Jun 2022 Form 4 Insider Report for Intellicheck, Inc. (IDN)

Role
President
Signature
/s/ Garrett Gafke
Issuer symbol
IDN
Transactions as of
30 Jun 2022
Net transactions value
+$64,200
Form type
4
Filing time
05 Jul 2022, 19:10:00 UTC
Previous filing
15 Apr 2022
Next filing
19 Sep 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IDN Common Stock, $.001 par value Award $64,200 +7,500 +13% $8.56 63,200 30 Jun 2022 Direct F1

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 IDN Stock Option (Right to Buy) Award $0 +70,000 $0.000000 70,000 30 Jun 2022 Common Stock 70,000 $2.02 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Of the 90,000 Restricted Stock Units granted, one third (30,000 shares) vested after year one and one-third vests quarterly over the following two years so that the RSUs are fully vested after three years.
F2 Of the stock options granted, 50% (35,000) of the options have no premium (i.e., exercise price equals stock price at grant); 25% (17,500) of the options would have a 25% premium (i.e., exercise price equals stock price at grant plus 25%); and 25% (17,500) of the options would have a 50% premium
F3 One-third of this Option shall vest upon the first anniversary of the date of grant and the remaining two-thirds of this Option shall vest quarterly over the following two years