authID (AUID) CFO receives 132,000 stock options, most tied to 2026 plan
Rhea-AI Filing Summary
authID Inc. Chief Financial Officer Edward C. Sellitto reported an equity award of stock options. He received 132,000 stock options with an exercise price of $1.24 per share, exercisable into common stock. The options have an exercise date of May 27, 2027 and expire on May 27, 2036.
Vesting is subject to performance conditions and to continued service with authID Inc., including monthly vesting over 12 months. Of the 132,000 options granted, 112,000 options are not exercisable unless stockholders approve the Company’s 2026 Equity Incentive Plan. The filing also lists prior option positions with higher exercise prices and expirations in 2033 and 2035, showing ongoing equity-based compensation for the CFO.
Positive
- None.
Negative
- None.
Insights
Routine CFO option grant with part contingent on 2026 plan approval.
The filing shows authID Inc. granting CFO Edward C. Sellitto 132,000 stock options at an exercise price of $1.24. This is a compensation-related award, not an open-market trade, so it mainly reflects how the company structures executive incentives.
Vesting is tied to performance conditions, monthly vesting over 12 months, and continued service, aligning part of compensation with future results. Notably, 112,000 options cannot be exercised unless stockholders approve the 2026 Equity Incentive Plan, so investor voting will determine whether most of this award becomes exercisable.
The filing also lists earlier option grants with exercise prices of $8.87, $9.25, and $5.35 expiring between 2033 and 2035, indicating a layered option position built over several years. Overall, this appears to be routine equity compensation without a directional buy or sell signal.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options | 132,000 | $0.00 | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
Footnotes (1)
- The stock option vesting is subject to achievement of performance conditions and subject to continued service to authID Inc. The stock option vesting is monthly over 12 months, subject to continued service to authID Inc. Of the 132,000 options granted, 112,000 options are not exercisable unless and until the Company's 2026 Equity Incentive Plan is approved by the Company's stockholders.