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authID Inc. — Director's Dealing 2021
May 7, 2021
34633_dirs_2021-05-07_346ed6c5-a839-4cfe-9688-170a9b9e3d80.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Ipsidy Inc. (IDTY)
CIK: 0001534154
Period of Report: 2021-05-05
Reporting Person: STOLLER STUART (Chief Financial Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-05-05 | Stock Options | $0.24 | A | 3000000 | Acquired | 2031-05-05 | Common Stock, $0.0001 par value per share (3000000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, $.0001 par value | 5312500 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options | $0.0925 | 2030-10-07 | Common Stock, $0.0001 par value per share (2500000) | 2500000 | Direct |
| Stock Options | $0.10 | 2027-01-31 | Common Stock, $0.0001 par value per share (5000000) | 5000000 | Direct |
Footnotes
F1: On September 29, 2017, the Company and Mr. Stoller entered into a Restricted Stock Agreement pursuant to which Mr. Stoller purchased 5 million shares of common stock at a per share price of $0.0001 pursuant to the terms of Mr. Stoller's offer letter. The shares vest upon the terms set forth in Mr. Stoller's Restricted Stock Agreement.
F2: The Stock Options vest with respect to one-third of the shares of common stock on each of October 7, 2021, 2022 and 2023 subject to Mr. Stoller's continued employment.
F3: Shares of common stock underlying the stock options vest one third on each anniversary of grant subject to continued service to Ipsidy Inc. and subject to a prior Change of Control.