authID Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
authID (Nasdaq: AUID) announced the granting of stock options as an inducement to new Chief Product Officer Erick Soto. The grant, made on November 12, 2024, consists of options to purchase 100,000 shares at an exercise price of $6.94 per share. The options will vest monthly in equal installments over three years, contingent on continued employment, and have a 10-year term. The grant was made in accordance with Nasdaq Listing Rule 5635(c)(4).
authID (Nasdaq: AUID) ha annunciato l'assegnazione di opzioni su azioni come incentivo per il nuovo Chief Product Officer Erick Soto. L'assegnazione, effettuata il 12 novembre 2024, consiste in opzioni per l'acquisto di 100.000 azioni a un prezzo di esercizio di $6,94 per azione. Le opzioni matureranno mensilmente in rate uguali nel corso di tre anni, a condizione di continuare il rapporto di lavoro, e hanno un termine di 10 anni. L'assegnazione è stata effettuata in conformità con la Regola di Quotazione 5635(c)(4) di Nasdaq.
authID (Nasdaq: AUID) anunció la concesión de opciones sobre acciones como incentivo para el nuevo Director de Producto Erick Soto. La concesión, realizada el 12 de noviembre de 2024, consiste en opciones para comprar 100,000 acciones a un precio de ejercicio de $6.94 por acción. Las opciones se consolidarán mensualmente en cuotas iguales durante tres años, condicionado a la permanencia en el empleo, y tienen un plazo de 10 años. La concesión se realizó de acuerdo con la Regla de Listado 5635(c)(4) de Nasdaq.
authID (Nasdaq: AUID)는 새로운 최고 제품 책임자인 Erick Soto를 위한 유인책으로 주식 옵션을 부여한다고 발표했습니다. 2024년 11월 12일에 시행된 이번 부여는 100,000주를 $6.94의 행사가로 구매할 수 있는 옵션으로 구성되어 있습니다. 이 옵션은 재직 조건에 따라 3년 동안 매달 동일한 비율로 행사되며, 10년의 기간을 가집니다. 이번 부여는 Nasdaq 상장 규칙 5635(c)(4)에 따라 이루어졌습니다.
authID (Nasdaq: AUID) a annoncé l'octroi d'options d'achat d'actions comme incitation pour le nouveau directeur de produit Erick Soto. L'octroi, effectué le 12 novembre 2024, consiste en des options d'achat de 100 000 actions à un prix d'exercice de 6,94 $ par action. Les options seront acquises mensuellement en parts égales pendant trois ans, sous réserve de la poursuite de l'emploi, et ont une durée de 10 ans. L'octroi a été effectué conformément à la règle de cotation 5635(c)(4) de Nasdaq.
authID (Nasdaq: AUID) gab die Gewährung von Aktienoptionen als Anreiz für den neuen Chief Product Officer Erick Soto bekannt. Die Gewährung, die am 12. November 2024 erfolgt ist, besteht aus Optionen zum Kauf von 100.000 Aktien zu einem Ausübungspreis von $6,94 pro Aktie. Die Optionen werden monatlich in gleichen Raten über einen Zeitraum von drei Jahren investiert, vorausgesetzt, dass das Beschäftigungsverhältnis fortgesetzt wird, und haben eine Laufzeit von 10 Jahren. Die Gewährung erfolgte gemäß der Nasdaq-Listing-Regel 5635(c)(4).
- Strengthened executive team with new Chief Product Officer appointment
- Potential shareholder dilution from 100,000 share options grant
Denver, Nov. 15, 2024 (GLOBE NEWSWIRE) -- authID Inc. (Nasdaq: AUID), a leading provider of secure biometric identity verification and authentication solutions, today announced that the Company granted an option as an inducement to a new employee entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).
On November 12, 2024 the Company granted an Option to purchase 100,000 Shares to Mr. Erick Soto, the Company’s new Chief Product Officer, at an Exercise Price of
About authID
authID (Nasdaq: AUID) ensures enterprises “Know Who’s Behind the Device™” for every customer or employee login and transaction through its easy-to-integrate, patented, biometric identity platform. authID quickly and accurately verifies a user’s identity and eliminates any assumption of ‘who’ is behind a device to prevent cybercriminals from compromising account openings or taking over accounts. Combining secure digital onboarding, and biometric authentication and account recovery, with a fast, accurate, user-friendly experience, authID delivers biometric identity processing in 700ms. Binding a biometric root of trust for each user to their account, authID stops fraud at onboarding, detects and stops deepfakes, eliminates password risks and costs, and provides the fastest, frictionless, and the more accurate user identity experience demanded by today’s digital ecosystem. Discover how authID can help your organization secure your workforce or consumer applications against identity fraud, cyberattacks and account takeover at www.authID.ai.
Investor Relations Contacts
Gateway Group, Inc.
Cody Slach and Alex Thompson
1-949-574-3860
AUID@gateway-grp.com
Media Contact
Walter Fowler
NextTech Communications
1-631-334-3864
wfowler@nexttechcomms.com
FAQ
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