Phillip L. Kumnick - 05 Nov 2021 Form 4 Insider Report for Ipsidy Inc. (AUID)

Role: Director
Signature: /s/ Phillip Kumnick
Issuer symbol: AUID
Transactions as of: 05 Nov 2021
Net transactions value: $0
Form type: 4
Filing time: 09 Nov 2021, 15:06:00 UTC
Previous filing: 27 Aug 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						121,425	05 Nov 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
transaction	AUID	Stock Options	Disposed to Issuer		-300,000	-51%		292,351	05 Nov 2021	Common Stock, $0.0001 par value per share	292,351	$7.20	Direct	F2
holding	AUID	Stock Options						1,111,111	05 Nov 2021	Common Stock, $0.0001 par value per share	1,111,111	$2.10	Direct
holding	AUID	Stock Options						100,000	05 Nov 2021	Common Stock, $0.0001 par value per share	100,000	$1.65	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 which shares were granted on March 6, 2020 pursuant to a Restricted Stock Purchase Agreement.
F2	On November 5, 2021, the Company and Mr. Kumnick entered into a letter agreement pursuant to which Mr. Kumnick agreed to cancel 300,000 shares of common stock under the Non-Statutory Option dated May 5, 2021 in consideration of removing certain service conditions.