Form 4: authID Director Sells 50,000 Shares in Pre-Planned Transaction

authID Inc. Director and 10% Owner Stephen J. Garchik reported the sale of 50,000 common shares at $1.06 per share, executed under a Rule 10b5-1 plan.

Summary

• Stephen J. Garchik, a Director and 10% Owner of authID Inc. (AUID), reported a transaction involving the sale of common stock.
• On December 12, 2025, Mr. Garchik disposed of 50,000 shares of authID Inc. Common Stock.
• The shares were sold at a price of $1.06 per share.
• This transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Following this transaction, Mr. Garchik directly beneficially owns 1,073,563 shares of Common Stock.
• He also indirectly beneficially owns 130,975 shares through Garchik Universal Limited Partnership, 170,834 shares through the Garchik Irrevocable 2019 Trust, and 147,627 shares through the Marla Garchik Irrevocable 2020 Trust.
• Mr. Garchik also holds derivative securities, including 38,024 stock options and 12,500 stock options, both with an exercise price of $3.9 and an expiration date of September 4, 2035.

Sentiment

Score: 4

Explanation: A director and 10% owner selling shares, even if pre-planned, can be viewed with slight caution by the market. While the 10b5-1 plan mitigates immediate negative implications, it still represents a reduction in insider holdings.

Positives

• The transaction was executed under a Rule 10b5-1 plan, indicating it was pre-planned and not based on immediate, non-public information.

Negatives

• A Director and 10% Owner selling shares could be perceived negatively by the market, potentially signaling a reduction in insider confidence, although the Rule 10b5-1 plan mitigates this to some extent.

Future Outlook

NA

Management Comments

• Stephen J. Garchik disclaims beneficial ownership of any and all of the Issuer's securities reported herein in excess of his actual pecuniary interest.

Industry Context

This is an insider transaction report, which is specific to the individual and company, and does not directly relate to broader industry trends or competitors.

Related Party Transactions

• Indirect beneficial ownership of 130,975 shares held by Garchik Universal Limited Partnership, which Mr. Garchik jointly controls with his sister.
• Indirect beneficial ownership of 170,834 shares held by the Garchik Irrevocable 2019 Trust, of which Mr. Garchik is a trustee.
• Indirect beneficial ownership of 147,627 shares held by the Marla Garchik Irrevocable 2020 Trust, of which Mr. Garchik is a beneficiary.

Stakeholder Impact

• Shareholders may interpret the insider sale as a slight negative signal, though the Rule 10b5-1 plan suggests it's not based on new adverse information.
• Employees, customers, suppliers, and creditors are unlikely to be directly impacted by this specific insider transaction report.

Key Dates

Recommendation

While an insider sale by a director and 10% owner could be seen as a negative signal, the fact that it was executed under a Rule 10b5-1 plan suggests it was a pre-scheduled transaction rather than one based on new, adverse information. Without further context on the company's performance or strategic direction, this single transaction does not warrant a change from a 'hold' position. Investors should monitor future insider activity and company developments.

Keywords

authID Inc., AUID, Stephen Jeffrey Garchik, Form 4, Insider Trading, Stock Sale, Director, 10% Owner, Beneficial Ownership, Rule 10b5-1, Common Stock, Stock Options