authID (AUID) 10% Owner Stephen Garchik Buys Stock

What Happened
Stephen J. Garchik, a reported 10% owner of authID Inc. (AUID), acquired 120,482 shares of common stock in an open-market/private purchase on 2026-04-29 at about $1.25 per share (~$150,000). The filing also shows acquisition of 1,000,000 warrants (recorded at $0) with a $1.50 exercise price and a five‑year term; the warrants are not exercisable until 10/29/2026 per the filing footnote. The share purchase is a cash buy (a purchase), which many investors view as a more informative signal than routine sales; the warrants are a derivative instrument, not immediate shares.

Key Details

• Transaction date(s): 2026-04-29; Form 4 filed 2026-05-01 (filed within the normal reporting window).
• Purchase: 120,482 shares @ ~$1.25 each (filing lists $1.25; footnote F2 gives $1.245) — total ≈ $150,000.
• Derivative: 1,000,000 warrants recorded at $0; exercise price $1.50; 5‑year term; not exercisable until 10/29/2026 (footnote F2).
• Holdings/vehicles: Shares/warrants held by the Garchik Irrevocable 2019 Trust (Mr. Garchik is trustee). Other footnotes reference holdings via Garchik Universal LP (joint control) and Marla Garchik Irrevocable 2020 Trust (beneficiary).
• Beneficial ownership note: F1 disclaims beneficial ownership beyond Mr. Garchik’s pecuniary interest.
• Options vesting notes (F5, F6) appear in the filing but relate to other option grants and are not the transactions reported here.
• Shares owned after the transaction: not specified in the excerpted filing details.

Context
The 120k share purchase was a straightforward cash acquisition. The 1,000,000 warrants are a derivative grant with a future exercise price and a lock/unexercisable period — they do not immediately increase share count until exercised. As a 10% owner (not necessarily an executive), Garchik’s purchases and derivative holdings are important to monitor but should be viewed with other company and market information rather than as standalone investment advice.