authID Inc. — Director's Dealing 2020

Jul 2, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ipsidy Inc. (IDTY)
CIK: 0001534154
Period of Report: 2020-06-30

Reporting Person: Broenniman Philip R (Director, President/COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-30	Common Stock, $.0001 par value	P	714285	$0.07	Acquired	9153969	Indirect
2020-06-30	Common Stock, $.0001 par value	X	3716667	$0.07	Acquired	8439684	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-06-30	Warrants	$0.15	P	929167	Acquired	2022-06-30	Common Stock, $0.0001 par value per share (929167)	Indirect
2020-06-30	Warrants	$0.07	X	3716667	Acquired	2020-09-30	Common Stock, $0.0001 par value per share (3716667)	Indirect
2020-06-30	Warrants	$0.07	P	3716667	Acquired	2020-09-30	Common Stock, $0.0001 par value per share (3716667)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.0001 par value	5182412	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$0.07	2025-05-22	Common Stock, $0.0001 par value per share (16666666)	16666666	Direct
Warrants	$0.165	2023-08-15	Common Stock, $0.0001 par value per share (350000)	350000	Direct
Warrants	$0.088	2024-06-23	Common Stock, $0.0001 par value per share (262500)	262500	Direct

Footnotes

F1: Includes the right to acquire 1,500,000 shares of common stock at par value subject to the certain vesting criteria granted to Mr. Broenniman on March 6, 2020 pursuant to a Restricted Stock Purchase Agreement.

F2: Mr. Broenniman is the Managing Partner of Varana Capital, LLC ("Varana Capital"), which, in turn, is the investment manager of and has dispositive control over the shares held by Varana Capital Focused, LP ("VCFLP"). By virtue of these relationships, in addition to the shares he holds personally, Mr. Broenniman may be deemed to beneficially own the shares held by Varana Capital Focused, LP.

F3: On May 22, 2020, the Company granted Mr. Broenniman a Non-Statutory Option to acquire 16,666,666 shares of common stock at an exercise price of $0.07 per share with 3,333,333 shares vesting upon the grant of Non-Statutory Option, 5,333,333 shares vesting upon achieving certain performance conditions and 8,000,000 shares vesting upon achieving certain additional performance conditions.

F4: On June 30, 2020, VCFLP acquired common stock purchase warrants to acquire 3,716,667 shares of common stock from a warrant holder and VCFLP subsequently exercised the common stock purchase warrant for cash. In consideration of exercising its common stock purchase warrant to acquire 3,716,667 shares of common stock, VCFLP was granted a common stock purchase warrant to acquire 929,167 shares of common stock at an exercise price of $0.15 per share. Also on June 30, 2020, VCFLP entered into a Securities Purchase Agreement and acquired 714,285 shares of common stock for cash.