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4//SEC Filing

Garchik Stephen Jeffrey 4

Accession 0001213900-23-044460

CIK 0001534154other
View on SEC.govCompany Profile

Filed

May 30, 8:00 PM ET

Accepted

May 31, 4:00 PM ET

Size

19.2 KB

Accession

0001213900-23-044460

Insider Transaction Report

Form 4
Period: 2022-09-30
authID Inc.AUID
Garchik Stephen Jeffrey
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

Issuer

authID Inc.

CIK 0001534154

→
Entity typeother

Related Parties

1
  • filerCIK 0001710737

Filing Metadata

Form type
4
Filed
May 30, 8:00 PM ET
Accepted
May 31, 4:00 PM ET
Size
19.2 KB
View on SEC.gov