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

Role
Director
Signature
/s/ Phillip Kumnick
Stock symbol
AUID
Transactions as of
Aug 26, 2021
Transactions value $
$499,975
Form type
4
Date filed
8/27/2021, 04:55 PM
Previous filing
May 7, 2021
Next filing
Nov 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AUID Common Stock, $.0001 par value Purchase $500K +71.4K +142.85% $7.00 121K Aug 26, 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 592K Aug 26, 2021 Common Stock, $0.0001 par value per share 592K $7.20 Direct F3
holding AUID Stock Options 1.11M Aug 26, 2021 Common Stock, $0.0001 par value per share 1.11M $2.10 Direct
holding AUID Stock Options 100K Aug 26, 2021 Common Stock, $0.0001 par value per share 100K $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.