4//SEC Filing
Kumnick Phillip L 4
Accession 0001213900-21-025119
CIK 0001534154other
Filed
May 6, 8:00 PM ET
Accepted
May 7, 4:05 PM ET
Size
10.0 KB
Accession
0001213900-21-025119
Insider Transaction Report
Form 4
Ipsidy Inc.IDTY
Kumnick Phillip L
Director
Transactions
- Award
Stock Options
2021-05-05+17,770,522→ 17,770,522 totalExercise: $0.24From: 2021-05-05Exp: 2031-05-05→ Common Stock, $0.0001 par value per share (17,770,522 underlying)
Holdings
- 33,333,334
Stock Options
Exercise: $0.07From: 2020-05-22Exp: 2025-05-22→ Common Stock, $0.0001 par value per share (33,333,334 underlying) - 1,500,000
Common Stock, $.0001 par value
- 3,000,000
Stock Options
Exercise: $0.06From: 2019-12-10Exp: 2029-12-10→ Common Stock, $0.0001 par value per share (3,000,000 underlying)
Footnotes (4)
- [F1]Represents the right to acquire 1,500,000 shares of common stock at par value subject to the certain vesting criteria which shares were granted on March 6, 2020 pursuant to a Restricted Stock Purchase Agreement.
- [F2]On March 6, 2020, the option granted to Mr. Kumnick on December 10, 2019 to purchase 3,000,000 shares of common stock vesting over a three-year period was amended to provide that it will vest in full prior to the occurrence of time-based vesting, in the event of a Change of Control.
- [F3]On May 22, 2020, the Company granted Mr. Kumnick a Non-Statutory Option to acquire 33,333,334 shares of common stock at an exercise price of $0.07 per share with 6,666,667 shares vesting upon the grant of Non-Statutory Option, 10,666,667 shares vesting upon achieving certain performance conditions and 16,000,000 shares vesting upon achieving certain additional performance conditions.
- [F4]On May 5, 2021, the Company granted Mr. Kumnick a Non-Statutory Option to acquire 17,770,522 shares of common stock at an exercise price of $0.24 per share with 270,522 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.
Documents
Issuer
Ipsidy Inc.
CIK 0001534154
Entity typeother
Related Parties
1- filerCIK 0001796205
Filing Metadata
- Form type
- 4
- Filed
- May 6, 8:00 PM ET
- Accepted
- May 7, 4:05 PM ET
- Size
- 10.0 KB