authID Inc. — Director's Dealing 2020

Mar 10, 2020

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Ipsidy Inc. (IDTY)
CIK: 0001534154
Period of Report: 2020-03-06

Reporting Person: Broenniman Philip R (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.0001 par value	1500000	Direct
Common Stock, $0.0001 par value	3682412	Direct
Common Stock, $0.0001 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 (350000)		Direct
Warrants	$0.088	2024-06-23	Common Stock, $0.0001 par value (262500)		Direct

Footnotes

F1: On March 6, 2020, the Company entered into a Restricted Stock Purchase Agreement with Mr. Broenniman providing Mr. Broenniman with the right to acquire 1,500,000 shares of common stock at par value subject to the certain vesting criteria.

F2: The Reporting Person 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, the Reporting Person may be deemed to beneficially own the shares held by Varana Capital Focused, LP.