AUID Form 144 Filed for 10,000 Common Shares; $37,500 Value
Rhea-AI Filing Summary
authID Inc. filed a Form 144 reporting a proposed sale of 10,000 shares of common stock, with an aggregate market value of $37,500.00, to be sold on 09/08/2025 on Nasdaq. The filing shows 13,443,740 shares outstanding for the issuer.
The securities being offered were originally acquired on 08/12/2013 in a merger of a predecessor company from authID Inc., totaling 108,187 shares; the consideration noted was an exchange of stock. The filer certifies they are not aware of undisclosed material adverse information and provides the required Rule 144 disclosure information.
Positive
- Disclosure of proposed sale: Form 144 lists 10,000 shares and aggregate market value $37,500.00 for sale on 09/08/2025.
- Acquisition history provided: Securities were acquired on 08/12/2013 via merger, with 108,187 shares originally acquired and payment described as an exchange of stock.
- Broker identified: Network 1 Financial Securities, Inc. is named as the broker handling the transaction.
- Compliance representation: The filer certifies no undisclosed material adverse information and includes the standard Rule 144 attestations.
Negative
- None.
Insights
TL;DR: Routine Rule 144 notice for a proposed sale; shows acquisition history and complies with disclosure requirements.
The Form 144 is a standard regulatory notice that a holder intends to sell restricted or control securities under Rule 144. It provides the key transaction details required by the rule: class of security, broker name, number of shares to be sold (10,000), aggregate market value ($37,500), intended sale date (09/08/2025), and the exchange (Nasdaq). The form also discloses acquisition provenance (acquired 08/12/2013 via merger) and the nature of consideration (exchange of stock), which supports Rule 144 eligibility assessment. This filing satisfies the procedural requirements but does not by itself change issuer fundamentals.
TL;DR: The disclosure is transparent and timely but contains no new operational or financial information about the issuer.
The document focuses solely on a shareholder's intent to sell and includes the required certifications about material non-disclosure. It names the broker and provides share counts and acquisition details (original holding of 108,187 shares from 2013). From a governance perspective, the form documents insider or affiliate transactions that may be relevant to market transparency, yet it does not report any change in management, control events, or issuer financials.