Rhoniel Daguro - Apr 10, 2023 Form 4 Insider Report for authID Inc. (AUID)

Role: Chief Executive Officer, Director
Signature: /s/ Rhoniel Daguro
Stock symbol: AUID
Transactions as of: Apr 10, 2023
Transactions value $: $974,635
Form type: 4
Date filed: 4/13/2023, 05:53 PM
Previous filing: Mar 21, 2023
Next filing: May 30, 2023

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	$975K	+2.46M		$0.40	2.46M	Apr 10, 2023	Common Stock, $0.0001 par value per share	2.46M	$0.40	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The stock option vesting is subject to achievement of performance and service conditions providing (i) 420,000 shares of common stock vested on date of grant; and (ii) 2,035,000 shares of common stock vest equally on a monthly basis over three years provided that shares of common stock vesting is accelerated in four equal installments upon achievement of four performance targets based on market capitalization or as to the entire balance upon earlier termination on change of control.

Content

The stock option vesting is subject to achievement of performance and service conditions providing (i) 420,000 shares of common stock vested on date of grant; and (ii) 2,035,000 shares of common stock vest equally on a monthly basis over three years provided that shares of common stock vesting is accelerated in four equal installments upon achievement of four performance targets based on market capitalization or as to the entire balance upon earlier termination on change of control.