authID Inc. (AUID) director-linked trust adds shares and 1M warrants
Rhea-AI Filing Summary
authID Inc. director–affiliated entities increased their stake through a notable insider buy. On 4/29/2026, the Marla Garchik Irrevocable 2020 Trust, with Stephen J. Garchik as a beneficiary, acquired 120,482 shares of authID common stock at $1.245 per share and 1,000,000 stock purchase warrants exercisable at $1.50 per share with a five-year term, not exercisable until 10/29/2026.
After these transactions, indirect holdings reported for entities linked to Garchik include 268,109 common shares, alongside 1,073,563 shares held directly. He also holds stock options covering 12,500 and 38,024 underlying shares at a $3.90 exercise price expiring in 2035, which vest over monthly and annual schedules. Garchik disclaims beneficial ownership beyond his actual pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Director‑linked entities made a net insider share and warrant purchase in authID.
Entities associated with Stephen J. Garchik, a director and 10% owner of authID Inc., purchased 120,482 common shares at $1.245 and 1,000,000 stock purchase warrants with a $1.50 exercise price and five‑year term as of April 29, 2026. These warrants are not exercisable until October 29, 2026, so they add potential future equity exposure rather than immediate dilution.
The filing also shows substantial existing positions: 1,073,563 common shares held directly and 268,109 shares held indirectly after the reported transactions, plus stock options over 12,500 and 38,024 underlying shares at a $3.90 exercise price expiring in 2035. The footnotes state that Garchik disclaims beneficial ownership beyond his actual pecuniary interest, and some holdings sit in trusts and a limited partnership, which means economic exposure is shared across those entities.
Overall, the normalized data categorize this as a net‑buy pattern (100% buy, zero sales in the summary), which investors often interpret as a constructive signal, but the filing itself stops at reporting these acquisitions and existing derivative positions without further commentary on intent or future plans.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Stock Purchase Warrant | 1,000,000 | $0.00 | -- |
| Purchase | Common Stock | 120,482 | $1.245 | $150K |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (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. Held by the Garchik Irrevocable 2019 Trust of which Mr. Garchik is a trustee. Held by Garchik Universal Limited Partnership, which Mr. Garchik jointly controls with his sister. 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). The shares underling the stock options vest monthly over a period of 12 months. The shares underling the stock options vest annually over a period of three years.