Rhoniel Daguro - Jun 28, 2023 Form 4 Insider Report for authID Inc. (AUID)

Role
Chief Executive Officer, Director
Signature
/s/ Rhoniel Daguro
Stock symbol
AUID
Transactions as of
Jun 28, 2023
Transactions value $
$1,003,525
Form type
4
Date filed
6/30/2023, 04:15 PM
Previous filing
May 30, 2023
Next filing
Nov 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AUID Common Stock, $0.0001 par value per share 100K Jun 28, 2023 Direct

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 $1M +1.47M $0.69 1.47M Jun 28, 2023 Common Stock, $0.0001 par value per share 1.47M $0.69 Direct F2
holding AUID Stock Options 2.46M Jun 28, 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.
F2 The stock option vesting is subject to achievement of performance and service conditions.