Michael A. Gorriz - Mar 21, 2022 Form 4 Insider Report for Ipsidy Inc. (AUID)

Role
Director
Signature
/s/ Michael A Gorriz
Stock symbol
AUID
Transactions as of
Mar 21, 2022
Transactions value $
$101,001
Form type
4
Date filed
3/23/2022, 05:00 PM
Previous filing
Jan 3, 2022
Next filing
Jul 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AUID Common Stock, $.0001 par value Award $1K +311 $3.22 311 Mar 21, 2022 Direct F3

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 Senior Secured Convertible Note Award $100K 27K Mar 21, 2022 Common Stock, $0.0001 par value per share 27K $3.70 Direct
holding AUID Stock Options 10.2K Mar 21, 2022 Common Stock, $0.0001 par value per share 10.2K $15.16 Direct F2
holding AUID Stock Options 62.5K Mar 21, 2022 Common Stock, $0.0001 par value per share 62.5K $7.80 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares vest annually in equal amounts over a three-year period.
F2 The shares vest monthly in equal amounts over a one-year period.
F3 Upon acquiring the Senior Secured Convertible Note, the reporting person was issued an origination fee in shares of common stock equal to 1.0% of the original principal amount of the reporting person's Senior Secured Convertible Notes with the value of each such share being the arithmetic average of the volume weighted average price of the Common Stock for each of the ten trading days immediately preceding the effective date.