Stephen Jeffrey Garchik - 30 Sep 2022 Form 4 Insider Report for authID Inc. (AUID)

Role
10%+ Owner
Signature
/s/ Stephen Jeffrey Garchik
Issuer symbol
AUID
Transactions as of
30 Sep 2022
Net transactions value
+$2,002,376
Form type
4
Filing time
31 May 2023, 16:00:43 UTC
Previous filing
11 Jul 2022
Next filing
19 Sep 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 Purchase $1,429,250 +3,120,633 +73% $0.4580 7,400,192 26 May 2023 Direct F6
transaction AUID Common Stock Conversion of derivative security $1,014,625 +2,149,629 +101% $0.4720 4,279,559 26 May 2023 Direct F7
transaction AUID Common Stock Other $24,375 +60,334 +2.9% $0.4040 2,129,930 03 Apr 2023 Direct F8
transaction AUID Common Stock Other $24,375 +35,122 +1.7% $0.6940 2,069,596 03 Jan 2023 Direct F8
transaction AUID Common Stock Other $24,376 +8,191 +0.4% $2.98 2,034,474 30 Sep 2022 Direct F8
transaction AUID Common Stock Purchase $500,000 +1,091,703 +1222% $0.4580 1,181,009 26 May 2023 See Footnotes F1, F4
holding AUID Common Stock 166,667 30 Sep 2022 See Footnotes F1, F2
holding AUID Common Stock 11,667 30 Sep 2022 See Footnotes F1, F3

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 $1,014,625 0 26 May 2023 Common Stock 2,149,629 $0.4720 Direct F7
holding AUID Common Stock Purchase Warrant 83,334 30 Sep 2022 Common Stock 83,334 $4.50 See footnotes F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stephen J. Garchik ("Mr. Garchik") disclaims beneficial ownership of any and all of the Issuer's securities reported herein in excess of its actual pecuniary interest.
F2 Held by the Garchik Irrevocable 2019 Trust (the "2019 Trust") of which Mr. Garchik is a trustee
F3 Held by Garchik Universal Limited Partnership, which Mr. Garchik jointly controls with his sister.
F4 Held by Marla Garchik Irrevocable 2020 Trust (the "2020 Trust") of which Mr. Garchik is a beneficiary.
F5 Held by the 2019 Trust.
F6 Includes the conversion of a promissory note in the amount of $929,250 and the investment of $500,000 in connection with the Issuer's private placement.
F7 On May 23, 2023, Mr. Garchik and the Company entered into an exchange agreement whereby Mr. Garchik exchanged the March 2022 Senior Secured Convertible Note in the amount of $1,014,625, which reflects principal and interest, for 2,149,629 shares of common stock at a per share price of $0.472.
F8 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.