Phillip L. Kumnick - 26 Aug 2021 Form 4 Insider Report for Ipsidy Inc. (AUID)

Role: Director
Signature: /s/ Phillip Kumnick
Issuer symbol: AUID
Transactions as of: 26 Aug 2021
Net transactions value: +$499,975
Form type: 4
Filing time: 27 Aug 2021, 16:55:42 UTC
Previous filing: 07 May 2021
Next filing: 09 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AUID	Common Stock, $.0001 par value	Purchase	$499,975	+71,425	+143%	$7.00	121,425	26 Aug 2021	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
holding	AUID	Stock Options						592,351	26 Aug 2021	Common Stock, $0.0001 par value per share	592,351	$7.20	Direct	F3
holding	AUID	Stock Options						1,111,111	26 Aug 2021	Common Stock, $0.0001 par value per share	1,111,111	$2.10	Direct
holding	AUID	Stock Options						100,000	26 Aug 2021	Common Stock, $0.0001 par value per share	100,000	$1.65	Direct	F2

* 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 50,000 shares of common stock at par value subject to the certain vesting criteria which shares were granted on March 6, 2020 pursuant to a Restricted Stock Purchase Agreement.
F2	On March 6, 2020, the option granted to Mr. Kumnick on December 10, 2019 to purchase 100,000 shares of common stock vesting over a three-year period was amended to provide that it will vest in full prior to the occurrence of time-based vesting, in the event of a Change of Control.
F3	On May 5, 2021, the Company granted Mr. Kumnick a Non-Statutory Option to acquire 592,351 shares of common stock at an exercise price of $7.20 per share with 9,017 shares vesting upon grant of Non-Statutory Option and 583,333 shares of common stock underlying the stock options vesting subject to various performance conditions.