05/07/2026 | Press release | Distributed by Public on 05/07/2026 06:30
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Stock Purchase Warrant(1)(2) | $1.50 | 04/29/2026 | P | 1,000,000 | 10/29/2026 | 04/29/2031 | Common Stock, $0.0001 par value per share | 1,000,000 | $ 0 (2) | 1,000,000 | I | See Footnotes(1)(4) | |||
| Stock Options(5) | $3.90 | 09/04/2025 | 09/04/2035 | Common Stock, $0.0001 par value per share | 38,024 | 38,024 | D | ||||||||
| Stock Options(6) | $3.90 | 09/04/2025 | 09/04/2035 | Common Stock, $0.0001 par value per share | 12,500 | 12,500 | D | ||||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Garchik Stephen Jeffrey C/O AUTHID INC. 1580 N. LOGAN ST SUITE 660, UNIT 51767 DENVER, CO 80203 |
X | X | ||
| /s/ Stephen Jeffrey Garchik | 05/07/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Stephen J. Garchik ("Mr. Garchik") disclaims beneficial ownership of any and all of the Issuer's securities reported herein in excess of his actual pecuniary interest. |
| (2) | Held by the Garchik Irrevocable 2019 Trust of which Mr. Garchik is a trustee. |
| (3) | Held by Garchik Universal Limited Partnership, which Mr. Garchik jointly controls with his sister. |
| (4) | Held by Marla Garchik Irrevocable 2020 Trust of which Mr. Garchik is a beneficiary. Includes the acquisition on 4/29/2026 of 120,482 shares of Common Stock at $1.245 per share and 1,000,000 warrants to purchase Common Stock (exercise price $1.50, 5-year term, not exercisable until 10/29/2026). |
| (5) | The shares underling the stock options vest monthly over a period of 12 months. |
| (6) | The shares underling the stock options vest annually over a period of three years. |
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Remarks: This Amendment No. 1 corrects the identity of the trust that acquired the shares and warrants on 4/29/2026, which was inadvertently reported as the Garchik Irrevocable 2019 Trust. |
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