authID (AUID) CEO Daguro Rhoniel Receives Option Award

What Happened
Daguro Rhoniel, CEO of authID Inc. (AUID), was granted 800,248 derivative awards (stock options) on 2026-05-27. The grant shows an exercise price of $0.00 (no cash paid). According to the filing, these options are subject to vesting and other conditions; a large portion (650,248 options) is not exercisable unless the company’s 2026 Equity Incentive Plan is approved by shareholders.

Key Details

• Transaction date: 2026-05-27; Form 4 filed: 2026-05-29 (timely filing).
• Award: 800,248 options granted at $0.00 exercise price (derivative award).
• Contingent portion: 650,248 of the options are not exercisable until shareholder approval of the 2026 Equity Incentive Plan.
• Vesting: Options vest monthly over 12 months subject to continued service; overall vesting also tied to performance/service conditions and may vest in full on certain change-of-control terminations (per footnotes).
• Purpose note: Grant was intended to bring the CEO’s aggregate equity to ~6% of outstanding shares after current financings (per footnote).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Transaction code: A = Award/Grant (derivative).

Context
This was a stock-option award (not a cash purchase or sale). Because most of the grant is contingent on shareholder approval of an equity plan, a large portion cannot be exercised yet. Option awards are a common executive compensation tool to align management with shareholder interests; they do not by themselves represent an immediate cash gain unless exercised and sold later.