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
  1. 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.
  2. Held by the Garchik Irrevocable 2019 Trust (the "2019 Trust") of which Mr. Garchik is a trustee
  3. Held by Garchik Universal Limited Partnership, which Mr. Garchik jointly controls with his sister.
  4. Held by Marla Garchik Irrevocable 2020 Trust (the "2020 Trust") of which Mr. Garchik is a beneficiary.
  5. Held by the 2019 Trust.
  6. 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.
  7. 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.
  8. 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.