Philip R. Broenniman - 26 Aug 2021 Form 4 Insider Report for Ipsidy Inc. (AUID)

Role: Director
Signature: /s/ Philip R. Broenniman
Issuer symbol: AUID
Transactions as of: 26 Aug 2021
Net transactions value: +$249,900
Form type: 4
Filing time: 30 Aug 2021, 08:01:03 UTC
Previous filing: 07 May 2021
Next filing: 12 Oct 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	$249,900	+35,700	+12%	$7.00	340,832	26 Aug 2021	See footnote	F2
holding	AUID	Common Stock, $.0001 par value						172,747	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						588,744	26 Aug 2021	Common Stock, $0.0001 par value per share	588,744	$7.20	Direct	F3
holding	AUID	Warrants						30,972	26 Aug 2021	Common Stock, $0.0001 par value per share	30,972	$4.50	See Footnotes	F2
holding	AUID	Stock Options						555,556	26 Aug 2021	Common Stock, $0.0001 par value per share	555,556	$2.10	Direct
holding	AUID	Warrants						11,667	26 Aug 2021	Common Stock, $0.0001 par value per share	11,667	$4.95	Direct
holding	AUID	Warrants						8,750	26 Aug 2021	Common Stock, $0.0001 par value per share	8,750	$2.64	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 50,000 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 5, 2021, the Company granted Mr. Broenniman a Non-Statutory Option to acquire 588,744 shares of common stock at an exercise price of $7.20 per share with 5,410 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.