Broenniman Philip R 4
4 · Ipsidy Inc. · Filed Aug 30, 2021
Insider Transaction Report
Form 4
Ipsidy Inc.AUID
Broenniman Philip R
DirectorPresident/COO
Transactions
- Purchase
Common Stock, $.0001 par value
2021-08-26$7.00/sh+35,700$249,900→ 340,832 total(indirect: See footnote)
Holdings
- 172,747
Common Stock, $.0001 par value
- 588,744
Stock Options
Exercise: $7.20From: 2021-05-05Exp: 2031-05-05→ Common Stock, $0.0001 par value per share (588,744 underlying) - 30,972(indirect: See Footnotes)
Warrants
Exercise: $4.50From: 2020-06-30Exp: 2022-06-30→ Common Stock, $0.0001 par value per share (30,972 underlying) - 11,667
Warrants
Exercise: $4.95From: 2018-08-15Exp: 2023-08-15→ Common Stock, $0.0001 par value per share (11,667 underlying) - 8,750
Warrants
Exercise: $2.64From: 2019-06-24Exp: 2024-06-23→ Common Stock, $0.0001 par value per share (8,750 underlying) - 555,556
Stock Options
Exercise: $2.10From: 2020-05-22Exp: 2025-05-22→ Common Stock, $0.0001 par value per share (555,556 underlying)
Footnotes (3)
- [F1]Includes the right to acquire 50,000 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 5, 2021, the Company granted Mr. Broenniman a Non-Statutory Option to acquire 588,744 shares of common stock at an exercise price of $7.20 per share with 5,410 shares vesting upon grant of Non-Statutory Option and 583,333 shares of common stock underlying the stock options vesting subject to various performance conditions.