authID Inc. — Director's Dealing 2020

May 27, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ipsidy Inc. (IDTY)
CIK: 0001534154
Period of Report: 2020-05-22

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-22	Stock Options	$0.07	A	16666666	Acquired	2025-05-22	Common Stock, $0.0001 par value per share (16666666)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.0001 par value	5182412	Direct
Common Stock, $.0001 par value	4723017	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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. 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.