Form 4: authID Inc. Director Stephen Garchik Reports Stock Purchase and Beneficial Ownership

Director Stephen Garchik reports purchasing 10,500 shares of authID Inc. common stock at an average price of $7.69 and discloses beneficial ownership of direct and indirect holdings.

Summary

• On April 12, 2024, Stephen Jeffrey Garchik, a director of authID Inc., purchased 10,500 shares of common stock at a weighted average price of $7.69.
• The prices for these transactions ranged from $7.6297 to $7.95.
• Following the reported transaction, Garchik directly owns 1,151,096 shares of common stock.
• Garchik also has indirect ownership through various trusts and partnerships, including the Garchik Irrevocable 2019 Trust (20,834 shares), Garchik Universal Limited Partnership (1,458 shares), and the Marla Garchik Irrevocable 2020 Trust (147,627 shares).
• He also indirectly owns 10,417 shares via a Common Stock Purchase Warrant held by the 2019 Trust.
• Garchik disclaims beneficial ownership of the reported securities exceeding his actual pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but the disclaimer of beneficial ownership beyond pecuniary interest tempers the enthusiasm.

Positives

• A director's purchase of shares can be seen as a positive signal, indicating confidence in the company's future prospects.

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

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The stock purchase by a director could positively influence shareholder sentiment.

Key Dates