Ken Jisser - 03 Apr 2023 Form 4 Insider Report for authID Inc. (AUID)

Role
Director
Signature
/s/ Ken Jisser
Issuer symbol
AUID
Transactions as of
03 Apr 2023
Net transactions value
+$52,437
Form type
4
Filing time
31 May 2023, 08:00:07 UTC
Previous filing
27 Mar 2023
Next filing
30 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AUID Common Stock, $0.0001 par value per share Purchase $50,000 +100,000 +49% $0.5000 303,800 26 May 2023 Direct
transaction AUID Common Stock, $0.0001 par value per share Conversion of derivative security $101,463 +197,015 +2904% $0.5150 203,800 26 May 2023 Direct
transaction AUID Common Stock, $0.0001 par value per share Other $2,437 +815 +14% $2.99 6,785 26 May 2023 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 Convertible Note Conversion of derivative security $101,463 0 26 May 2023 Common Stock, $0.0001 par value per share 197,015 $0.5150 Direct F2
holding AUID Stock Options 100,000 03 Apr 2023 Common Stock, $0.0001 par value per share 100,000 $0.3300 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person received shares of common stock as payment of interest for each quarter associated with the Senior Secured Convertible Note dated March 21, 2022.
F2 On May 23, 2023, Mr. Jisser and the Company entered into an exchange agreement whereby Mr. Jisser exchanged the March 2022 Senior Secured Convertible Note in the amount of $101,463, which reflects principal and interest, for 197,015 shares of common stock at a per share price of $0.515.
F3 The shares vest annually in equal amounts over a three-year period.