Philip R. Broenniman - 05 May 2021 Form 4 Insider Report for Ipsidy Inc. (AUID)

Role: President/COO, Director
Signature: /s/ Philip R. Broenniman
Issuer symbol: AUID
Transactions as of: 05 May 2021
Net transactions value: $0
Form type: 4
Filing time: 07 May 2021, 16:08:47 UTC
Next filing: 30 Aug 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	AUID	Common Stock, $.0001 par value						5,182,412	05 May 2021	Direct	F1
holding	AUID	Common Stock, $.0001 par value						9,153,969	05 May 2021	See footnote	F2

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	$0	+17,662,313		$0.000000	17,662,313	05 May 2021	Common Stock, $0.0001 par value per share	17,662,313	$0.2400	Direct	F4
holding	AUID	Warrants						929,167	05 May 2021	Common Stock, $0.0001 par value per share	929,167	$0.1500	See Footnotes	F2
holding	AUID	Stock Options						16,666,666	05 May 2021	Common Stock, $0.0001 par value per share	16,666,666	$0.0700	Direct	F3
holding	AUID	Warrants						350,000	05 May 2021	Common Stock, $0.0001 par value per share	350,000	$0.1650	Direct
holding	AUID	Warrants						262,500	05 May 2021	Common Stock, $0.0001 par value per share	262,500	$0.0880	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes the right to acquire 1,500,000 shares of common stock at par value subject to the certain vesting criteria granted to Mr. Broenniman on March 6, 2020 pursuant to a Restricted Stock Purchase Agreement.
F2	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.
F3	On May 22, 2020, the Company granted Mr. Broenniman a Non-Statutory Option to acquire 16,666,666 shares of common stock at an exercise price of $0.07 per share with 3,333,333 shares vesting upon the grant of Non-Statutory Option, 5,333,333 shares vesting upon achieving certain performance conditions and 8,000,000 shares vesting upon achieving certain additional performance conditions.
F4	On May 5, 2021, the Company granted Mr. Broenniman a Non-Statutory Option to acquire 17,662,313 shares of common stock at an exercise price of $0.24 per share with 162,313 shares vesting upon grant of Non-Statutory Option and 17,500,000 shares of common stock underlying the stock options vesting subject to various performance conditions.