Ipsidy appoints Joseph Trelin to board per terms of $10M credit facility from shareholder Garchik

authID Inc.

Joseph Trelin appointed as director on April 18, 2022, as designee of Stephen Garchik under $10M standby credit facility.
Credit facility is unsecured, ranks behind Senior Secured Convertible Notes, draws in tranches.
Trelin receives initial equity award with Black-Scholes value of $270,000 vesting one-third annually over 3 years.
After 2023 Annual Meeting, annual award of $90,000 Black-Scholes value vesting over 12 months if re-elected.

item 5.02 item 9.01

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Appointed

Joseph Trelin

Director

AUID · authID Inc.

Effective: 2022-04-18
Filed: April 19, 2022, 7:59 PM ET

On April 18, 2022, Joseph Trelin, as Garchik’s designee under the Credit Facility, was appointed as a member of the Board of Directors of the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph Trelin was appointed as Director at authID Inc..

Action: appointed
Role: Director

Exact text from the filing

On April 18, 2022, Joseph Trelin, as Garchik’s designee under the Credit Facility, was appointed as a member of the Board of Directors of the Company.

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Source: SEC EDGAR

accession 0001213900-22-020476

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