Phillip Kumnick - May 5, 2021 Form 4 Insider Report for Ipsidy Inc. (AUID)

Role: Chief Executive Officer, Director
Signature: /s/ Phillip Kumnick
Stock symbol: AUID
Transactions as of: May 5, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/7/2021, 04:05 PM
Next filing: Aug 27, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	AUID	Common Stock, $.0001 par value						1.5M	May 5, 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AUID	Stock Options	Award	$0	+17.8M		$0.00	17.8M	May 5, 2021	Common Stock, $0.0001 par value per share	17.8M	$0.24	Direct	F4
holding	AUID	Stock Options						33.3M	May 5, 2021	Common Stock, $0.0001 par value per share	33.3M	$0.07	Direct	F3
holding	AUID	Stock Options						3M	May 5, 2021	Common Stock, $0.0001 par value per share	3M	$0.06	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the right to acquire 1,500,000 shares of common stock at par value subject to the certain vesting criteria which shares were granted on March 6, 2020 pursuant to a Restricted Stock Purchase Agreement.
F2	On March 6, 2020, the option granted to Mr. Kumnick on December 10, 2019 to purchase 3,000,000 shares of common stock vesting over a three-year period was amended to provide that it will vest in full prior to the occurrence of time-based vesting, in the event of a Change of Control.
F3	On May 22, 2020, the Company granted Mr. Kumnick a Non-Statutory Option to acquire 33,333,334 shares of common stock at an exercise price of $0.07 per share with 6,666,667 shares vesting upon the grant of Non-Statutory Option, 10,666,667 shares vesting upon achieving certain performance conditions and 16,000,000 shares vesting upon achieving certain additional performance conditions.
F4	On May 5, 2021, the Company granted Mr. Kumnick a Non-Statutory Option to acquire 17,770,522 shares of common stock at an exercise price of $0.24 per share with 270,522 shares vesting upon grant of Non-Statutory Option and 17,500,000 shares of common stock underlying the stock options vesting subject to various performance conditions.