Garchik Stephen Jeffrey 4/A

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.