authID Inc. — Director's Dealing 2021

May 7, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ipsidy Inc. (IDTY)
CIK: 0001534154
Period of Report: 2021-05-05

Reporting Person: STERN THEODORE (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-05	Stock Options	$0.24	A	1645521	Acquired	2031-05-05	Common Stock, $0.0001 par value per share (1645521)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.0001 par value per share	5885445	Direct

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 (250000)	250000	Direct
Amended and Restated Promissory Notes	$0.20	2022-02-28	Common Stock, $0.0001 par value per share (15000000)	15000000	Indirect
15% Convertible Note	$0.20	2022-02-28	Common Stock, $0.0001 par value per share (375000)	375000	Direct
Interest Shares	$0.20		Common Stock, $0.0001 par value per share (3310000)	3310000	Indirect

Footnotes

F1: Represents 15,000,000 shares of common stock that may be issued upon the conversion of principal at $0.20 per share under that certain Amended & Restated Secured Promissory Note in the principal amount as of the date hereof $2,000,000 issued to the Theodore Stern Revocable Trust (the "Trust").

F2: Represents 3,310,000 shares of common stock that may be issued upon the conversion of interest accrued at $0.20 per share under that certain Unsecured Promissory Note in the principal amount as of the date hereof $2,000,000 issued to the Trust.

F3: On May 5, 2021, the Company granted Mr. Stern a Non-Statutory Option to acquire 1,645,521 shares of common stock at an exercise price of $0.24 per share with 973,880 shares vesting upon grant of Non-Statutory Option and 671,641 shares of common stock underlying the stock options vesting over twelve months.