Form 4: authID CTO Surrenders Options to Repay Bonus
Insider Transaction Report
authID Inc.'s Chief Technology Officer, Thomas Szoke, surrendered 42,154 stock options to satisfy an $80,000 bonus repayment obligation.
Summary
- Thomas Szoke, Chief Technology Officer of authID Inc., surrendered stock options for 42,154 shares of the company's common stock.
- This surrender occurred on December 12, 2025, and was made in full satisfaction of an obligation to repay $80,000 in bonus compensation received under the Company's 2025 Bonus Plan.
- Following the transaction, Mr. Szoke directly owns 5,269 shares of common stock and indirectly owns 12,500 shares through his wife.
- He also beneficially owns derivative securities (stock options) for a total of 62,513 shares, comprising 17,013 shares from options with an exercise price of $5.48, 33,000 shares from options with an exercise price of $5.35, and 12,500 shares from options with an exercise price of $2.64.
Sentiment
Score: 4
Explanation: While the resolution of a financial obligation is positive, the underlying reason for the surrender of options (repayment of a bonus) suggests a less favorable situation for the executive and potentially raises questions about the company's compensation practices or performance conditions. It is not a strong indicator of executive confidence or positive company performance.
Positives
- The reporting person has resolved a financial obligation to the company by surrendering stock options.
Negatives
- The reporting person's potential equity stake in the company has been reduced by the surrender of 42,154 stock options.
- The necessity for the Chief Technology Officer to repay a bonus may raise questions regarding the company's executive compensation policies or performance targets.
Future Outlook
No forward-looking statements or guidance are provided in this filing.
Management Comments
- On December 12, 2025, pursuant to a Notice of Surrender of Options and resolutions of the Compensation Committee of authID Inc., the reporting person surrendered for cancellation stock options to purchase 42,154 shares of the Company's common stock. The surrender was made in full satisfaction of the reporting person's obligation to repay $80,000 of bonus compensation previously paid under the Company's 2025 Bonus Plan.
Industry Context
This Form 4 filing details an individual insider transaction and does not provide information relevant to broader industry trends or competitive analysis.
Related Party Transactions
- 12,500 shares of common stock are indirectly beneficially owned by Mr. Szoke through his wife, Ginta Ozola-Szoke.
Stakeholder Impact
- Shareholders: The surrender of options by a Chief Technology Officer to repay a bonus could prompt questions regarding executive compensation practices or the company's financial performance that necessitated the bonus repayment obligation.
- Management: The Chief Technology Officer has resolved a personal financial obligation to the company.
Next Steps
- No specific future actions or milestones are mentioned beyond the transaction itself.
Key Dates
| Date | Description |
|---|---|
| 05/05/2021 | Date exercisable for 4,167 stock options with an exercise price of $57.6. |
| 03/14/2023 | Date exercisable for 12,500 stock options with an exercise price of $2.64. |
| 06/28/2023 | Date exercisable for 32,987 stock options with an exercise price of $5.48. |
| 12/21/2023 | Date exercisable for 5,000 stock options with an exercise price of $9.25. |
| 06/04/2025 | Date exercisable for 33,000 stock options with an exercise price of $5.35. |
| 12/12/2025 | Date of earliest transaction, when stock options for 42,154 shares were surrendered for cancellation. |
| 12/15/2025 | Signature date of the reporting person. |
| 05/05/2031 | Expiration date for 4,167 stock options with an exercise price of $57.6. |
| 03/14/2033 | Expiration date for 12,500 stock options with an exercise price of $2.64. |
| 06/28/2033 | Expiration date for 32,987 stock options with an exercise price of $5.48. |
| 12/21/2033 | Expiration date for 5,000 stock options with an exercise price of $9.25. |
| 06/04/2035 | Expiration date for 33,000 stock options with an exercise price of $5.35. |
Keywords
authID Inc., AUID, Form 4, Insider Transaction, Stock Options, Chief Technology Officer, Thomas Szoke, Beneficial Ownership, SEC Filing, Equity Compensation
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