authID Inc. — Director's Dealing 2020

Sep 14, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ipsidy Inc. (IDTY)
CIK: 0001534154
Period of Report: 2020-09-09

Reporting Person: Selzer Herbert M. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-09	Common Stock, $.0001 par value	J	769231	$0.13	Disposed	5594714	Direct
2020-09-09	Common Stock, $.0001 par value	X	1000000	$0.10	Acquired	6363945	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-09	Common Stock Purchase Warrant	$0.10	X	1000000	Disposed	2020-09-26	Common Stock, $0.0001 par value per share (1000000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.0001 par value	2417778	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Purchase Warrant	$0.15	2022-06-30	Common Stock, $0.0001 par value per share (440000)	440000	Indirect
15% Convertible Note	$0.20	2022-02-28	Common Stock, $0.0001 par value per share (750000)	750000	Direct
Stock Options	$0.15	2025-09-30	Common Stock, $0.0001 par value per share (400000)	400000	Direct

Footnotes

F1: Securities held by Vista PBG Associates LLC ("Vista"). Mr. Selzer serves as the manager of Vista.

F2: This Form is being filed to report the exercise of a common stock purchase warrant pursuant to which the Reporting Person received shares of common stock by means of a cashless exercise. A cashless exercise is a method of exercising a common stock purchase warrant in which the holder pays the exercise price to the Company using shares of common stock the Reporting Person would have received pursuant to the common stock purchase warrant exercise. As a result of this cashless exercise, the Reporting Person exercised a common stock purchase warrant to acquire 1,000,000 shares of common stock at an exercise price of $0.10 per share on a cashless basis receiving on a net basis 230,769 shares of common stock which reflects 769,231 shares of common stock withheld by the Company at the market price of $0.13 per share less the exercise price of $0.10 per share.