Theodore Stern - May 5, 2021 Form 4 Insider Report for Ipsidy Inc. (AUID)

Role
Director
Signature
/s/ Theodore Stern
Stock symbol
AUID
Transactions as of
May 5, 2021
Transactions value $
$0
Form type
4
Date filed
5/7/2021, 04:42 PM

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 5.89M May 5, 2021 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 $0 +1.65M $0.00 1.65M May 5, 2021 Common Stock, $0.0001 par value per share 1.65M $0.24 Direct F3
holding AUID Common Stock Purchase Warrant 250K May 5, 2021 Common Stock, $0.0001 par value per share 250K $0.15 Direct
holding AUID Amended and Restated Promissory Notes 15M May 5, 2021 Common Stock, $0.0001 par value per share 15M $0.20 See footnote F1
holding AUID 15% Convertible Note 375K May 5, 2021 Common Stock, $0.0001 par value per share 375K $0.20 Direct
holding AUID Interest Shares 3.31M May 5, 2021 Common Stock, $0.0001 par value per share 3.31M $0.20 See Footnote F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 15,000,000 shares of common stock that may be issued upon the conversion of principal at $0.20 per share under that certain Amended & Restated Secured Promissory Note in the principal amount as of the date hereof $2,000,000 issued to the Theodore Stern Revocable Trust (the "Trust").
F2 Represents 3,310,000 shares of common stock that may be issued upon the conversion of interest accrued at $0.20 per share under that certain Unsecured Promissory Note in the principal amount as of the date hereof $2,000,000 issued to the Trust.
F3 On May 5, 2021, the Company granted Mr. Stern a Non-Statutory Option to acquire 1,645,521 shares of common stock at an exercise price of $0.24 per share with 973,880 shares vesting upon grant of Non-Statutory Option and 671,641 shares of common stock underlying the stock options vesting over twelve months.