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

Role
10%+ Owner
Signature
/s/ Stephen Jeffrey Garchik
Stock symbol
AUID
Transactions as of
Sep 30, 2022
Transactions value $
$2,002,376
Form type
4
Date filed
5/31/2023, 04:00 PM
Previous filing
Jul 11, 2022
Next filing
Sep 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AUID Common Stock Purchase $1.43M +3.12M +72.92% $0.46 7.4M May 26, 2023 Direct F6
transaction AUID Common Stock Conversion of derivative security $1.01M +2.15M +100.92% $0.47 4.28M May 26, 2023 Direct F7
transaction AUID Common Stock Other $24.4K +60.3K +2.92% $0.40 2.13M Apr 3, 2023 Direct F8
transaction AUID Common Stock Other $24.4K +35.1K +1.73% $0.69 2.07M Jan 3, 2023 Direct F8
transaction AUID Common Stock Other $24.4K +8.19K +0.4% $2.98 2.03M Sep 30, 2022 Direct F8
transaction AUID Common Stock Purchase $500K +1.09M +1222.43% $0.46 1.18M May 26, 2023 See Footnotes F1, F4
holding AUID Common Stock 167K Sep 30, 2022 See Footnotes F1, F2
holding AUID Common Stock 11.7K Sep 30, 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 -$1.01M 0 May 26, 2023 Common Stock 2.15M $0.47 Direct F7
holding AUID Common Stock Purchase Warrant 83.3K Sep 30, 2022 Common Stock 83.3K $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.