Philip R. Broenniman - 05 Nov 2021 Form 4 Insider Report for Ipsidy Inc. (AUID)

Role: Director
Signature: /s/ Philip R. Broenniman
Issuer symbol: AUID
Transactions as of: 05 Nov 2021
Net transactions value: $0
Form type: 4
Filing time: 09 Nov 2021, 15:05:46 UTC
Previous filing: 12 Oct 2021
Next filing: 03 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	AUID	Common Stock, $.0001 par value						172,747	05 Nov 2021	Direct	F1
holding	AUID	Common Stock, $.0001 par value						340,832	05 Nov 2021	See footnote	F2

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	Disposed to Issuer		-200,000	-34%		388,744	05 Nov 2021	Common Stock, $0.0001 par value per share	388,744	$7.20	Direct	F3
holding	AUID	Warrants						30,972	05 Nov 2021	Common Stock, $0.0001 par value per share	30,972	$4.50	See Footnotes	F2
holding	AUID	Stock Options						555,556	05 Nov 2021	Common Stock, $0.0001 par value per share	555,556	$2.10	Direct
holding	AUID	Warrants						11,667	05 Nov 2021	Common Stock, $0.0001 par value per share	11,667	$4.95	Direct
holding	AUID	Warrants						8,750	05 Nov 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 November 5, 2021, the Company and Mr. Broenniman entered into a letter agreement pursuant to which Mr. Broenniman agreed to cancel 200,000 shares of common stock under the Non-Statutory Option dated May 5, 2021 in consideration of removing certain service conditions.