Jisser Ken 4
4 · authID Inc. · Filed Jun 30, 2023
Insider Transaction Report
Form 4
authID Inc.AUID
Jisser Ken
Director
Transactions
- Award
Stock Options
2023-06-28$0.69/sh+25,000$17,125→ 25,000 totalExercise: $0.69From: 2023-06-28Exp: 2033-06-28→ Common Stock, $0.0001 par value per share (25,000 underlying)
Holdings
- 303,800
Common Stock, $0.0001 par value per share
- 100,000
Stock Options
Exercise: $0.33From: 2023-03-14Exp: 2033-03-14→ Common Stock, $0.0001 par value per share (100,000 underlying) - 0
Convertible Note
Exercise: $0.52→ Common Stock, $0.0001 par value per share (197,015 underlying)
Footnotes (3)
- [F1]The shares underling the stock options vest over a period of 12 months.
- [F2]On May 23, 2023, Mr. Jisser and the Company entered into an exchange agreement whereby Mr. Jisser exchanged the March 2022 Senior Secured Convertible Note in the amount of $101,463, which reflects principal and interest, for 197,015 shares of common stock at a per share price of $0.515.
- [F3]The shares vest annually in equal amounts over a three-year period.