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: Broenniman Philip R (Director, President/COO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-05	Stock Options	$0.24	A	17662313	Acquired	2031-05-05	Common Stock, $0.0001 par value per share (17662313)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.0001 par value	5182412	Direct
Common Stock, $.0001 par value	9153969	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Warrants	$0.15	2022-06-30	Common Stock, $0.0001 par value per share (929167)	929167	Indirect
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 May 5, 2021, the Company granted Mr. Broenniman a Non-Statutory Option to acquire 17,662,313 shares of common stock at an exercise price of $0.24 per share with 162,313 shares vesting upon grant of Non-Statutory Option and 17,500,000 shares of common stock underlying the stock options vesting subject to various performance conditions.