Form 4: authID Inc. Director Stephen Garchik Reports Changes in Beneficial Ownership

Stephen Garchik, a director at authID Inc., reported transactions involving common stock, including acquisitions, disposals, and a gift, affecting both direct and indirect ownership.

Summary

• On May 2, 2024, Stephen Garchik, a director of authID Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
• The transactions included the acquisition and disposal of shares, as well as a transfer of shares as a gift.
• Garchik directly disposed of 2,909 shares to GULP and gifted 36,624 shares.
• Following these transactions, Garchik directly owns 1,126,472 shares and indirectly owns 147,627 shares through Marla Garchik Irrevocable 2020 Trust, 20,834 shares through the Garchik Irrevocable 2019 Trust, and 4,367 shares through Garchik Universal Limited Partnership.
• He also indirectly owns 10,417 common stock purchase warrants through the 2019 Trust.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting changes in ownership. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates changes in Stephen Garchik's holdings of authID Inc. stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• Changes in ownership by key personnel can sometimes influence investor sentiment.

Key Dates