[Form 4] authID Inc. Insider Trading Activity
authID Inc. (AUID) insider transaction: Chief Technology Officer Thomas Szoke reported open-market sales of 8,944 shares on 09/15/2025 at a weighted average price of $2.93, with the trade prices ranging from $2.80 to $3.10. After the reported disposals, Mr. Szoke directly holds 5,269 shares and indirectly holds 12,500 shares through his spouse. He also holds vested and unvested stock options convertible into a total of 104,667 shares across five option grants with exercise prices from $2.64 to $57.60 and maturities from 2031 to 2035. The filing notes the 8,944-share sale aggregated multiple executions and the option grants vest monthly over 12 months subject to continued service.
- Transparent disclosure of weighted average price and price range for the sales, with offer to provide per-execution details upon request
- Retention of material ownership exposure through direct+indirect shares (17,769) and significant option position (104,667 underlying shares)
- Clear identification of indirect ownership (shares held by spouse) and option vesting terms
- Open-market sale of 8,944 shares reduces direct holdings, which may be viewed negatively by some investors
- Concentration of option exercise prices includes low strikes that could lead to substantial dilution if exercised
Insights
TL;DR: Insider sale modest in size relative to option holdings; routine liquidity event, not clearly indicative of company-wide news.
The sale of 8,944 shares at an average of $2.93 appears to be an open-market liquidity event by the CTO rather than a scheduled disposition tied to corporate developments. Post-sale, Mr. Szoke retains direct and indirect exposure via 17,769 beneficial shares plus options covering 104,667 shares. The range of option strike prices and long expirations suggest retained upside potential if share price improves. The filer discloses the price range and offers to furnish per-price execution details on request, which supports transparency.
TL;DR: Transaction follows standard Section 16 reporting; disclosures on indirect holdings and option vesting are appropriate and complete.
The Form 4 clearly identifies the reporting person, relationship (CTO), indirect holdings via spouse, and vesting schedule of option grants (monthly over 12 months where noted). The explanation footnotes comply with disclosure expectations by providing price range and willingness to provide granular execution data. There is no indication of unusual related-party transfers or amendments, and the signature date is provided, so governance disclosure practices appear satisfactory.