authID Inc. — Director's Dealing 2021

Aug 30, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ipsidy Inc. (AUID)
CIK: 0001534154
Period of Report: 2021-08-26

Reporting Person: Broenniman Philip R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-26	Common Stock, $.0001 par value	P	35700	$7.00	Acquired	340832	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.0001 par value	172747	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$7.20	2031-05-05	Common Stock, $0.0001 par value per share (588744)	588744	Direct
Warrants	$4.50	2022-06-30	Common Stock, $0.0001 par value per share (30972)	30972	Indirect
Stock Options	$2.10	2025-05-22	Common Stock, $0.0001 par value per share (555556)	555556	Direct
Warrants	$4.95	2023-08-15	Common Stock, $0.0001 par value per share (11667)	11667	Direct
Warrants	$2.64	2024-06-23	Common Stock, $0.0001 par value per share (8750)	8750	Direct

Footnotes

F1: Includes the right to acquire 50,000 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 5, 2021, the Company granted Mr. Broenniman a Non-Statutory Option to acquire 588,744 shares of common stock at an exercise price of $7.20 per share with 5,410 shares vesting upon grant of Non-Statutory Option and 583,333 shares of common stock underlying the stock options vesting subject to various performance conditions.