authID Inc. — Director's Dealing 2021

Apr 21, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ipsidy Inc. (IDTY)
CIK: 0001534154
Period of Report: 2021-04-19

Reporting Person: STERN THEODORE (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-19	Common Stock, $0.0001 par value per share	G	8166667	—	Disposed	0	Indirect

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: Shares of common stock are held by the Theodore Stern Revocable Trust (the "Trust").

F2: On April 19, 2021, the Trust gifted 8,166,667 shares of common stock to Andrew A. Stern and Jonathan M. Stern, Mr. Stern's adult children, in their capacity as the Trustees of the 2000 Irrevocable Trust for Family of Theodore and Elizabeth S. Stern (the "2000 Trust"). The shares held by the 2000 Trust are subject to a lock up period for a period of one year from the date of the gift. Mr. Stern has no beneficial interest in the 2000 Trust.

F3: Represents 3,310,000 shares of common stock that may be issued upon the conversion of interest accrued at $0.20 per share under issued under that certain Unsecured Promissory Note in the principal amount as of the date hereof $2,000,000 issued to the Trust.