Philip R. Broenniman - 20 Sep 2022 Form 4 Insider Report for authID Inc. (AUID)

Role
Director
Signature
/s/ Philip R. Broenniman
Issuer symbol
AUID
Transactions as of
20 Sep 2022
Net transactions value
+$105,947
Form type
4
Filing time
22 Sep 2022, 16:49:10 UTC
Previous filing
05 Jul 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AUID Common Stock, $.0001 par value 173,973 20 Sep 2022 Direct
holding AUID Common Stock, $.0001 par value 353,087 20 Sep 2022 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 $105,947 +34,966 $3.03 34,966 20 Sep 2022 Common Stock, $0.0001 par value per share 34,966 $3.03 Direct F2
holding AUID Senior Secured Convertible Note 270,270 20 Sep 2022 Common Stock, $0.0001 par value per share 270,270 $3.70 See Footnotes F1
holding AUID Senior Secured Convertible Note 27,027 20 Sep 2022 Common Stock, $0.0001 par value per share 27,027 $3.70 Direct
holding AUID Stock Options 10,238 20 Sep 2022 Common Stock, $0.0001 par value per share 10,238 $15.16 Direct F2
holding AUID Stock Options 388,744 20 Sep 2022 Common Stock, $0.0001 par value per share 388,744 $7.20 Direct F3
holding AUID Stock Options 555,556 20 Sep 2022 Common Stock, $0.0001 par value per share 555,556 $2.10 Direct
holding AUID Warrants 11,667 20 Sep 2022 Common Stock, $0.0001 par value per share 11,667 $4.95 Direct
holding AUID Warrants 8,750 20 Sep 2022 Common Stock, $0.0001 par value per share 8,750 $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.