Garchik Stephen Jeffrey 4/A
4/A · authID Inc. · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
authID (AUID) 10% Owner Stephen Garchik Buys Stock & Warrants
What Happened
Stephen J. Garchik, a reported 10% owner of authID, purchased 120,482 shares of common stock in a transaction dated 2026-04-29 (reported at $1.25 per share, ~$150,000 total). The same filing shows the acquisition of 1,000,000 warrants to purchase common stock (derivative), recorded at $0 in the table; the warrants carry a $1.50 exercise price, a five‑year term, and are not exercisable until 10/29/2026. This is a purchase (insider buy) rather than a sale.
Key Details
- Transaction date: 2026-04-29 (Amended Form 4 filed 2026-05-07 correcting the identity of the acquiring trust).
- Purchase details: 120,482 shares @ $1.25 (reported) ≈ $150,000; footnote notes $1.245 per share and the bundled 1,000,000 warrants.
- Warrants: 1,000,000 warrants, $1.50 exercise, 5-year term, not exercisable until 10/29/2026 (derivative reported as acquired).
- Holdings/structure notes: some securities are held in trusts and partnerships (see footnotes: holdings by Marla Garchik Irrevocable 2020 Trust, Garchik Irrevocable 2019 Trust, Garchik Universal LP); Mr. Garchik disclaims beneficial ownership beyond his pecuniary interest (F1–F4).
- Vesting notes: other filings/footnotes reference option vesting schedules (monthly over 12 months; annually over 3 years).
- Filing note: This is an Amendment No. 1 (filed 2026-05-07) correcting the identity of the trust that acquired the shares/warrants on 4/29/2026. The original Form 4 filing date is not shown in the provided excerpt.
Context
- The warrants are not immediately exercisable, so they do not convert to shares until after 10/29/2026 if exercised at $1.50.
- As a 10% owner rather than an operating executive, these transactions reflect holdings and structured transfers through trusts/partnerships; the filing includes standard disclaimers about beneficial ownership.
- The amendment corrects administrative details (the acquiring trust) and is not itself a sale or disposition.
Insider Transaction Report
Form 4/AAmended
authID Inc.AUID
Garchik Stephen Jeffrey
Director10% Owner
Transactions
- Purchase
Common Stock
[F1][F4]2026-04-29$1.25/sh+120,482$150,000→ 268,109 total(indirect: See Footnotes) - Purchase
Stock Purchase Warrant
[F1][F2][F4]2026-04-29+1,000,000→ 1,000,000 total(indirect: See Footnotes)Exercise: $1.50From: 2026-10-29Exp: 2031-04-29→ Common Stock, $0.0001 par value per share (1,000,000 underlying)
Holdings
- 1,073,563
Common Stock
- 170,834(indirect: See Footnotes)
Common Stock
[F1][F2] - 130,975(indirect: See Footnotes)
Common Stock
[F1][F3] - 38,024
Stock Options
[F5]Exercise: $3.90From: 2025-09-04Exp: 2035-09-04→ Common Stock, $0.0001 par value per share (38,024 underlying) - 12,500
Stock Options
[F6]Exercise: $3.90From: 2025-09-04Exp: 2035-09-04→ Common Stock, $0.0001 par value per share (12,500 underlying)
Footnotes (6)
- [F1]Stephen J. Garchik ("Mr. Garchik") disclaims beneficial ownership of any and all of the Issuer's securities reported herein in excess of his actual pecuniary interest.
- [F2]Held by the Garchik Irrevocable 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 of which Mr. Garchik is a beneficiary. Includes the acquisition on 4/29/2026 of 120,482 shares of Common Stock at $1.245 per share and 1,000,000 warrants to purchase Common Stock (exercise price $1.50, 5-year term, not exercisable until 10/29/2026).
- [F5]The shares underling the stock options vest monthly over a period of 12 months.
- [F6]The shares underling the stock options vest annually over a period of three years.
Signature
/s/ Stephen Jeffrey Garchik|2026-05-07