Philip R. Broenniman - Jun 30, 2022 Form 4 Insider Report for Ipsidy Inc. (AUID)

Role: Director
Signature: /s/ Philip R. Broenniman
Stock symbol: AUID
Transactions as of: Jun 30, 2022
Transactions value $: $30,091
Form type: 4
Date filed: 7/5/2022, 04:28 PM
Previous filing: Mar 23, 2022
Next filing: Sep 22, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AUID	Common Stock, $.0001 par value	Options Exercise	$2.74K	+915	+0.53%	$2.99	174K	Jun 30, 2022	Direct	F4
transaction	AUID	Common Stock, $.0001 par value	Options Exercise	$27.4K	+9.15K	+2.66%	$2.99	353K	Jun 30, 2022	See footnote	F1, F5

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
holding	AUID	Senior Secured Convertible Note						270K	Jun 30, 2022	Common Stock, $0.0001 par value per share	270K	$3.70	See Footnotes	F1
holding	AUID	Senior Secured Convertible Note						27K	Jun 30, 2022	Common Stock, $0.0001 par value per share	27K	$3.70	Direct
holding	AUID	Stock Options						10.2K	Jun 30, 2022	Common Stock, $0.0001 par value per share	10.2K	$15.16	Direct	F2
holding	AUID	Stock Options						389K	Jun 30, 2022	Common Stock, $0.0001 par value per share	389K	$7.20	Direct	F3
holding	AUID	Warrants						31K	Jun 30, 2022	Common Stock, $0.0001 par value per share	31K	$4.50	See Footnotes	F1
holding	AUID	Stock Options						556K	Jun 30, 2022	Common Stock, $0.0001 par value per share	556K	$2.10	Direct
holding	AUID	Warrants						11.7K	Jun 30, 2022	Common Stock, $0.0001 par value per share	11.7K	$4.95	Direct
holding	AUID	Warrants						8.75K	Jun 30, 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	The reporting person received 915 shares of common stock at a per share price of $2.99 as payment of interest for the quarter ended June 30, 2022 associated with the Senior Secured Convertible Note dated March 21, 2022.
F5	The reporting person received 9,149 shares of common stock at a per share price of $2.99 as payment of interest for the quarter ended June 30, 2022 associated with the Senior Secured Convertible Note dated March 21, 2022.