Filing Details
- Accession Number:
- 0001213900-23-044460
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-05-31 16:00:43
- Reporting Period:
- 2022-09-30
- Accepted Time:
- 2023-05-31 16:00:43
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1534154 | Authid Inc. | AUID | Services-Prepackaged Software (7372) | 000000000 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1710737 | Jeffrey Stephen Garchik | 2474 South Ocean Boulevard Highland Beach FL 33487 | No | No | Yes | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Acquisiton | 2023-05-26 | 3,120,633 | $0.46 | 7,400,192 | No | 4 | P | Direct | |
Common Stock | Acquisiton | 2023-05-26 | 2,149,629 | $0.47 | 4,279,559 | No | 4 | C | Direct | |
Common Stock | Acquisiton | 2023-04-03 | 60,334 | $0.40 | 2,129,930 | No | 4 | J | Direct | |
Common Stock | Acquisiton | 2023-01-03 | 35,122 | $0.69 | 2,069,596 | No | 4 | J | Direct | |
Common Stock | Acquisiton | 2022-09-30 | 8,191 | $2.98 | 2,034,474 | No | 4 | J | Direct | |
Common Stock | Acquisiton | 2023-05-26 | 1,091,703 | $0.46 | 1,181,009 | No | 4 | P | Indirect | See Footnotes |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Direct | |
No | 4 | C | Direct | |
No | 4 | J | Direct | |
No | 4 | J | Direct | |
No | 4 | J | Direct | |
No | 4 | P | Indirect | See Footnotes |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Convertible Note | Disposition | 2023-05-26 | 0 | $0.00 | 2,149,629 | $0.47 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
0 | No | 4 | C | Direct |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Common Stock | 166,667 | Indirect | See Footnotes |
Common Stock | 11,667 | Indirect | See Footnotes |
Reported Derivative Holdings
Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|---|---|---|---|
Common Stock | Common Stock Purchase Warrant | $4.50 | 2020-11-06 | 2025-11-06 | 83,334 | 83,334 | Indirect |
Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|
2025-11-06 | 83,334 | 83,334 | Indirect |
Footnotes
- Stephen J. Garchik ("Mr. Garchik") disclaims beneficial ownership of any and all of the Issuer's securities reported herein in excess of its actual pecuniary interest.
- Held by the Garchik Irrevocable 2019 Trust (the "2019 Trust") of which Mr. Garchik is a trustee
- Held by Garchik Universal Limited Partnership, which Mr. Garchik jointly controls with his sister.
- Held by Marla Garchik Irrevocable 2020 Trust (the "2020 Trust") of which Mr. Garchik is a beneficiary.
- Held by the 2019 Trust.
- Includes the conversion of a promissory note in the amount of $929,250 and the investment of $500,000 in connection with the Issuer's private placement.
- On May 23, 2023, Mr. Garchik and the Company entered into an exchange agreement whereby Mr. Garchik exchanged the March 2022 Senior Secured Convertible Note in the amount of $1,014,625, which reflects principal and interest, for 2,149,629 shares of common stock at a per share price of $0.472.
- The reporting person received shares of common stock as payment of interest for each quarter associated with the Senior Secured Convertible Note dated March 21, 2022.