Form 4: authID Inc. Chief Technology Officer Thomas Szoke Sells Shares and Discloses Stock Option Details
Ownership Disclosure
authID Inc.'s Chief Technology Officer, Thomas Szoke, sold 1,500 shares of common stock at a weighted average price of $6.254 and disclosed various stock option grants.
Summary
- Thomas Szoke, the Chief Technology Officer of authID Inc., sold 1,500 shares of common stock on December 6, 2024.
- The sale was executed at a weighted average price of $6.254 per share.
- Mr. Szoke also disclosed several stock option grants with varying exercise prices and expiration dates.
- These options include grants from 2015 to 2023, with exercise prices ranging from $2.64 to $108.
- The stock options vest monthly over 12 months, contingent on continued service to authID Inc.
- The shares held by Mr. Szoke's wife, Ginta Ozola-Szoke, are also included in the report.
- Open market sales transactions were made on the same day at different prices through a trade order executed by a broker-dealer.
- The reporting person has reported on a single line all such transactions that occurred within a one dollar price range.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of executive stock transactions, which is neither particularly positive nor negative. It is a neutral event.
Risks
- The sale of shares by a key executive could be perceived negatively by the market.
- The vesting of stock options is contingent on continued service, which could create retention risks.
Industry Context
This type of disclosure is standard for publicly traded companies and provides transparency regarding executive stock transactions.
Comparison to Industry Standards
- Executive stock sales and option grants are common practices in publicly traded companies, particularly in the technology sector.
- The vesting schedules and exercise prices are typical for stock-based compensation plans.
- The disclosure of the weighted average price and the range of prices is in line with regulatory requirements for insider trading reporting.
- Companies like Okta, Crowdstrike, and Zscaler also have similar executive compensation structures involving stock options and sales.
Stakeholder Impact
- Shareholders may be interested in the stock transactions of key executives.
- Employees may be impacted by the vesting of stock options.
Key Dates
| Date | Description |
|---|---|
| 2015-09-25 | Grant date of stock options with an exercise price of $108, expiring 2025-09-25. |
| 2021-05-05 | Grant date of stock options with an exercise price of $57.6, expiring 2031-05-05. |
| 2023-03-14 | Grant date of stock options with an exercise price of $2.64, expiring 2033-03-14. |
| 2023-06-28 | Grant date of stock options with an exercise price of $5.48, expiring 2033-06-28. |
| 2023-12-21 | Grant date of stock options with an exercise price of $9.25, expiring 2033-12-21. |
| 2024-12-06 | Date of sale of 1,500 shares of common stock by Thomas Szoke. |
| 2024-12-10 | Date of signature of the report by Thomas Szoke. |
Keywords
authID Inc., Thomas Szoke, stock options, share sale, executive, insider trading, AUID, Chief Technology Officer
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