Philip R. Broenniman - Mar 21, 2022 Form 4 Insider Report for Ipsidy Inc. (AUID)

Role
Director
Signature
/s/ Philip R. Broenniman
Stock symbol
AUID
Transactions as of
Mar 21, 2022
Transactions value $
$272,972,711,003
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 +0.18% $3.22 173K Mar 21, 2022 Direct F4
transaction AUID Common Stock, $.0001 par value Award $10K +3.11K +0.91% $3.22 344K Mar 21, 2022 See footnote F1, F4

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 $270B +270K $1,000,000.00* 270K Mar 21, 2022 Common Stock, $0.0001 par value per share 270K $3.70 See Footnotes F1
transaction AUID Senior Secured Convertible Note Award $2.7B +27K $100,000.00* 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 389K Mar 21, 2022 Common Stock, $0.0001 par value per share 389K $7.20 Direct F3
holding AUID Warrants 31K Mar 21, 2022 Common Stock, $0.0001 par value per share 31K $4.50 See Footnotes F1
holding AUID Stock Options 556K Mar 21, 2022 Common Stock, $0.0001 par value per share 556K $2.10 Direct
holding AUID Warrants 11.7K Mar 21, 2022 Common Stock, $0.0001 par value per share 11.7K $4.95 Direct
holding AUID Warrants 8.75K Mar 21, 2022 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.
F4 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.