authID Inc.|4May 31, 4:00 PM ET

Garchik Stephen Jeffrey 4

4 · authID Inc. · Filed May 31, 2023

Form 4

Period: 2022-09-30

Director10% Owner

Transactions

Conversion
Common Stock
2023-05-26$0.47/sh+2,149,629$1,014,625→ 4,279,559 total
Other
Common Stock
2022-09-30$2.98/sh+8,191$24,376→ 2,034,474 total
Purchase
Common Stock
2023-05-26$0.46/sh+3,120,633$1,429,250→ 7,400,192 total
Purchase
Common Stock
2023-05-26$0.46/sh+1,091,703$500,000→ 1,181,009 total(indirect: See Footnotes)
Other
Common Stock
2023-04-03$0.40/sh+60,334$24,375→ 2,129,930 total
Other
Common Stock
2023-01-03$0.69/sh+35,122$24,375→ 2,069,596 total
Conversion
Convertible Note
2023-05-26→ 0 total
Exercise: $0.47→ Common Stock (2,149,629 underlying)

Holdings

Common Stock Purchase Warrant
(indirect: See footnotes)
Exercise: $4.50From: 2020-11-06Exp: 2025-11-06→ Common Stock (83,334 underlying)
83,334
Common Stock
(indirect: See Footnotes)
166,667
Common Stock
(indirect: See Footnotes)
11,667

Footnotes (8)

[F1]Stephen J. Garchik ("Mr. Garchik") disclaims beneficial ownership of any and all of the Issuer's securities reported herein in excess of its actual pecuniary interest.
[F2]Held by the Garchik Irrevocable 2019 Trust (the "2019 Trust") of which Mr. Garchik is a trustee
[F3]Held by Garchik Universal Limited Partnership, which Mr. Garchik jointly controls with his sister.
[F4]Held by Marla Garchik Irrevocable 2020 Trust (the "2020 Trust") of which Mr. Garchik is a beneficiary.
[F5]Held by the 2019 Trust.
[F6]Includes the conversion of a promissory note in the amount of $929,250 and the investment of $500,000 in connection with the Issuer's private placement.
[F7]On May 23, 2023, Mr. Garchik and the Company entered into an exchange agreement whereby Mr. Garchik exchanged the March 2022 Senior Secured Convertible Note in the amount of $1,014,625, which reflects principal and interest, for 2,149,629 shares of common stock at a per share price of $0.472.
[F8]The reporting person received shares of common stock as payment of interest for each quarter associated with the Senior Secured Convertible Note dated March 21, 2022.

Documents

1 file