Philip R. Broenniman - Dec 29, 2021 Form 4 Insider Report for Ipsidy Inc. (AUID)

Role
Director
Signature
/s/ Philip R. Broenniman
Stock symbol
AUID
Transactions as of
Dec 29, 2021
Transactions value $
$155,208
Form type
4
Date filed
1/3/2022, 04:00 PM
Previous filing
Nov 9, 2021
Next filing
Mar 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AUID Common Stock, $.0001 par value 173K Dec 29, 2021 Direct
holding AUID Common Stock, $.0001 par value 341K Dec 29, 2021 See footnote 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 Award $155K +10.2K $15.16 10.2K Dec 29, 2021 Common Stock, $0.0001 par value per share 10.2K $15.16 Direct F2
holding AUID Stock Options 389K Dec 29, 2021 Common Stock, $0.0001 par value per share 389K $7.20 Direct F3
holding AUID Warrants 31K Dec 29, 2021 Common Stock, $0.0001 par value per share 31K $4.50 See Footnotes F1
holding AUID Stock Options 556K Dec 29, 2021 Common Stock, $0.0001 par value per share 556K $2.10 Direct
holding AUID Warrants 11.7K Dec 29, 2021 Common Stock, $0.0001 par value per share 11.7K $4.95 Direct
holding AUID Warrants 8.75K Dec 29, 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 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.
F2 The shares vest monthly in equal amounts over a one-year period.
F3 383,334 of the shares vest upon meeting performance criteria.