Form 4: AuthID Inc. Director Michael L. Koehneman Reports Stock Option Grant and Beneficial Ownership Changes
SEC Form 4
Director Michael L. Koehneman reports acquisition of stock options and updates to beneficial ownership of AuthID Inc. shares.
Summary
- On August 13, 2024, Michael L. Koehneman, a director of AuthID Inc., reported changes in his beneficial ownership of the company's securities.
- Koehneman acquired 15,627 stock options with an exercise price of $8.67, exercisable from August 13, 2024, to August 13, 2034; the shares underlying the stock options vest monthly over a period of 12 months.
- He directly owns 1,471 shares of Common Stock, $.0001 par value.
- He also indirectly owns 29 shares of Common Stock, $.0001 par value, held by his wife, Karen Koehneman.
- The report also details existing stock options held by Koehneman with varying exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock option grants and ownership. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The acquisition of new stock options by a director could be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
This filing is a routine disclosure related to insider transactions, common in publicly traded companies. It provides transparency regarding the holdings and transactions of company insiders.
Stakeholder Impact
- Shareholders are informed about the stock option grants to a director, which can impact the company's share dilution and executive compensation.
Key Dates
| Date | Description |
|---|---|
| 06/09/2021 | Date of stock options with exercise price $62.4 and expiration date 06/09/2031 |
| 12/29/2021 | Date of stock options with exercise price $121.28 and expiration date 12/29/2031 |
| 09/20/2022 | Date of stock options with exercise price $24.24 and expiration date 09/20/2032 |
| 06/28/2023 | Date of stock options with exercise price $5.48 and expiration date 06/28/2033 |
| 08/13/2024 | Date of transaction: Acquisition of 15,627 stock options with an exercise price of $8.67 and expiration date 08/13/2034 |
| 08/15/2024 | Date of signature for the SEC Form 4 filing |
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