Form 4: authID Inc. Executive Thomas Szoke Sells Shares in August 2024
SEC Form 4
authID Inc.'s Chief Technology Officer, Thomas Robert Szoke, reported selling shares of common stock in a series of transactions during August 2024.
Summary
- Thomas Robert Szoke, the Chief Technology Officer of authID Inc., reported the sale of common stock in a series of transactions.
- The sales occurred on August 22, 23, and 26, 2024.
- On August 22, 2024, 9,506 shares were sold at a price of $8.0182 per share.
- On August 23, 2024, 2,466 shares were sold at a price of $8.106 per share.
- On August 26, 2024, 5,000 shares were sold at an average price of $8.3 per share, with prices ranging from $8.09 to $8.36115.
- Following these transactions, Mr. Szoke directly owns 28,653 shares of authID Inc.
- Mr. Szoke also indirectly owns 12,500 shares through his wife, Ginta Ozola-Szoke.
- He also holds options to purchase shares at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: Neutral. The document simply reports stock sales by an executive, which could be interpreted in various ways depending on the context and investor sentiment.
Negatives
- The sales by a company executive could be perceived negatively by investors.
Risks
- Executive stock sales can sometimes signal a lack of confidence in the company's future prospects, although this is not always the case.
Industry Context
Executive stock sales are a common occurrence in publicly traded companies and are often related to personal financial planning rather than company performance.
Stakeholder Impact
- Shareholders may react to the news of executive stock sales, potentially impacting the stock price.
Key Dates
| Date | Description |
|---|---|
| 09/25/2015 | Date of grant for stock options exercisable until 09/25/2025 at a price of $108. |
| 05/05/2021 | Date of grant for stock options exercisable until 05/05/2031 at a price of $57.6. |
| 03/14/2023 | Date of grant for stock options exercisable until 03/14/2033 at a price of $2.64. |
| 06/28/2023 | Date of grant for stock options exercisable until 06/28/2033 at a price of $5.48. |
| 12/21/2023 | Date of grant for stock options exercisable until 12/21/2033 at a price of $9.25. |
| 08/22/2024 | Date of first reported stock sale by Thomas Szoke at $8.0182. |
| 08/23/2024 | Date of second reported stock sale by Thomas Szoke at $8.106. |
| 08/26/2024 | Date of third reported stock sale by Thomas Szoke at $8.3. |
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