Stuart Stoller - Mar 21, 2022 Form 4 Insider Report for Ipsidy Inc. (AUID)

Role
Chief Financial Officer
Signature
/s/ Stuart Stoller
Stock symbol
AUID
Transactions as of
Mar 21, 2022
Transactions value $
$50,499
Form type
4
Date filed
3/23/2022, 05:00 PM
Previous filing
Dec 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AUID Common Stock, $.0001 par value Award $499 +155 +0.19% $3.22 82.2K Mar 21, 2022 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 Senior Secured Convertible Note Award $50K 13.5K Mar 21, 2022 Common Stock, $0.0001 par value per share 13.5K $3.70 Direct
holding AUID Stock Options 100K Mar 21, 2022 Common Stock, $0.0001 par value per share 100K $7.20 Direct F3
holding AUID Stock Options 83.3K Mar 21, 2022 Common Stock, $0.0001 par value per share 83.3K $2.78 Direct F2
holding AUID Stock Options 167K Mar 21, 2022 Common Stock, $0.0001 par value per share 167K $3.00 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The Stock Options vest with respect to one-third of the shares of common stock on each of October 7, 2021, 2022 and 2023 subject to Mr. Stoller's continued employment.
F3 Shares of common stock underlying the stock options vest one third on each anniversary of grant subject to continued service to Ipsidy Inc. and subject to a prior Change of Control.