Philip R. Broenniman - May 5, 2021 Form 4 Insider Report for Ipsidy Inc. (AUID)

Role: President/COO, Director
Signature: /s/ Philip R. Broenniman
Stock symbol: AUID
Transactions as of: May 5, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/7/2021, 04:08 PM
Next filing: Aug 30, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	AUID	Common Stock, $.0001 par value						5.18M	May 5, 2021	Direct	F1
holding	AUID	Common Stock, $.0001 par value						9.15M	May 5, 2021	See footnote	F2

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	+17.7M		$0.00	17.7M	May 5, 2021	Common Stock, $0.0001 par value per share	17.7M	$0.24	Direct	F4
holding	AUID	Warrants						929K	May 5, 2021	Common Stock, $0.0001 par value per share	929K	$0.15	See Footnotes	F2
holding	AUID	Stock Options						16.7M	May 5, 2021	Common Stock, $0.0001 par value per share	16.7M	$0.07	Direct	F3
holding	AUID	Warrants						350K	May 5, 2021	Common Stock, $0.0001 par value per share	350K	$0.17	Direct
holding	AUID	Warrants						263K	May 5, 2021	Common Stock, $0.0001 par value per share	263K	$0.09	Direct

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

Explanation of Responses:

Id	Content
F1	Includes the right to acquire 1,500,000 shares of common stock at par value subject to the certain vesting criteria granted to Mr. Broenniman on March 6, 2020 pursuant to a Restricted Stock Purchase Agreement.
F2	Mr. Broenniman is the Managing Partner of Varana Capital, LLC ("Varana Capital"), which, in turn, is the investment manager of and has dispositive control over the shares held by Varana Capital Focused, LP ("VCFLP"). By virtue of these relationships, in addition to the shares he holds personally, Mr. Broenniman may be deemed to beneficially own the shares held by Varana Capital Focused, LP.
F3	On May 22, 2020, the Company granted Mr. Broenniman a Non-Statutory Option to acquire 16,666,666 shares of common stock at an exercise price of $0.07 per share with 3,333,333 shares vesting upon the grant of Non-Statutory Option, 5,333,333 shares vesting upon achieving certain performance conditions and 8,000,000 shares vesting upon achieving certain additional performance conditions.
F4	On May 5, 2021, the Company granted Mr. Broenniman a Non-Statutory Option to acquire 17,662,313 shares of common stock at an exercise price of $0.24 per share with 162,313 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.