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

Role
Director
Signature
/s/ Philip R. Broenniman
Stock symbol
AUID
Transactions as of
Aug 26, 2021
Transactions value $
$249,900
Form type
4
Date filed
8/30/2021, 08:01 AM
Previous filing
May 7, 2021
Next filing
Oct 12, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AUID Common Stock, $.0001 par value Purchase $250K +35.7K +11.7% $7.00 341K Aug 26, 2021 See footnote F2
holding AUID Common Stock, $.0001 par value 173K 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 589K Aug 26, 2021 Common Stock, $0.0001 par value per share 589K $7.20 Direct F3
holding AUID Warrants 31K Aug 26, 2021 Common Stock, $0.0001 par value per share 31K $4.50 See Footnotes F2
holding AUID Stock Options 556K Aug 26, 2021 Common Stock, $0.0001 par value per share 556K $2.10 Direct
holding AUID Warrants 11.7K Aug 26, 2021 Common Stock, $0.0001 par value per share 11.7K $4.95 Direct
holding AUID Warrants 8.75K Aug 26, 2021 Common Stock, $0.0001 par value per share 8.75K $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.