authID Inc. filings document the formal disclosures of an operating company focused on biometric identity verification and authentication. Recent Form 8-K reports cover financial results, furnished earnings releases and investor presentations, material definitive agreements, and capital-structure actions involving common stock, pre-funded warrants, senior secured debentures, and stock purchase warrants.
The filing record also includes governance and shareholder matters such as annual meeting voting results, director elections, board and committee changes, and related Item 5.02 disclosures. Registration and offering-related disclosures describe shelf takedowns, prospectus supplements, security terms, placement-agent arrangements, security interests, default provisions, and contractual obligations associated with authID's financing activities.
authID Inc. reported changes to its Board of Directors. On May 5, 2026, director Shrikrishna Venkataraman resigned from the Board and all Board committees, effective immediately, citing personal reasons tied to new professional commitments. The company states his resignation did not involve any disagreement regarding operations, policies, or practices.
On May 11, 2026, the Board appointed existing independent director Kunal Mehta to the Audit Committee, effective immediately, filling the vacancy created by Mr. Venkataraman’s departure. Mr. Mehta continues to serve as a member of the Board.
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.
authID Inc. entered into a private financing on April 29, 2026, issuing approximately $3,765,000 principal amount of senior secured debentures to accredited investors, along with stock purchase warrants and equity fee shares. The debentures mature in six months, bear no interest, and are secured by a first‑priority lien on substantially all company assets.
The warrants allow investors to buy common stock equal to 100% of each investor’s principal at a $1.50 exercise price, are exercisable after six months, run for five years, and include cashless exercise and beneficial ownership limits of 4.99%, 9.99%, or 19.99% for one director. Investors also received fee shares equal to 15% of principal divided by $1.00. Registration rights cover resale of warrant shares and fee shares, and a Nasdaq Rule 5635 limitation caps total issuable shares from this financing at 19.99% of pre‑transaction outstanding stock without stockholder approval.
authID Inc. director and 10% owner Stephen J. Garchik reported new indirect purchases tied to a family trust. On April 29, 2026, the Garchik Irrevocable 2019 Trust acquired 120,482 shares of Common Stock at $1.245 per share and 1,000,000 Stock Purchase Warrants with a $1.50 exercise price and five-year term, not exercisable until October 29, 2026291,316 shares, alongside other indirect positions through related entities and 1,073,563 directly held shares. Garchik also holds stock options with a $3.90 exercise price that vest over one- and three-year schedules.
authID Inc. director Ken Jisser reported new personal investments in the company. He bought 30,120 shares of common stock at $1.245 per share, bringing his direct common stock holdings to 122,245 shares.
He also acquired 250,000 stock purchase warrants, each exercisable for one share of common stock at an $1.50 exercise price, with a five-year term and first exercisability on October 29, 2026. The filing also lists several existing stock option grants with expiration dates between 2033 and 2035.
authID Inc. reported sharply higher 2025 revenue but deeper losses and weaker backlog. Net revenue for 2025 rose to $2.0 million from $0.9 million, with Q4 net revenue at $0.4 million versus $0.2 million a year earlier. Operating expenses increased to $20.2 million, driven by higher headcount, sales and R&D spending, and about $0.8 million of credit loss expense on certain customer contracts. Net loss widened to $17.9 million from $14.3 million, while adjusted EBITDA loss expanded to $14.4 million from $11.9 million. Remaining Performance Obligation fell to $2.2 million from $14.3 million, and 2025 net Booked Annual Recurring Revenue was a negative $6.3 million. Cash declined to $4.6 million from $8.5 million, offset by $13.9 million of common stock sale proceeds. Annual Recurring Revenue improved to $1.8 million from $0.8 million, reflecting growth in live recurring usage despite contract challenges.
authID Inc. filed its annual report detailing a biometric identity platform focused on passwordless authentication, fraud prevention and AI-driven security. The company reported an operating loss of approximately $17.9 million in 2025 and an accumulated deficit of about $191.7 million as of December 31, 2025.
Cash used in operating activities was roughly $15.0 million in 2025, following $11.6 million in 2024, and management states there is substantial doubt about its ability to continue as a going concern without significant additional capital. authID raised about $11.4 million in 2025 and $10.0 million in 2024 through equity and debt financing.
The company serves enterprises with products such as PrivacyKey biometric authentication, the Identity Exchange platform and an AI security framework, and employed 46 people as of December 31, 2025. Common stock outstanding totaled 16,132,487 shares as of March 25, 2026, and the stock traded between $11.95 and $0.86 over 2024–2025.
authID Inc. director and 10% owner Stephen J. Garchik reported an open-market sale of 50,000 shares of common stock on 12/12/2025 at a price of $1.06 per share.
After this transaction, he directly owns 1,073,563 authID shares, with additional indirect holdings of 170,834 shares through the Garchik Irrevocable 2019 Trust, 130,975 shares through Garchik Universal Limited Partnership, and 147,627 shares through the Marla Garchik Irrevocable 2020 Trust.
He also holds stock options to acquire 38,024 and 12,500 shares of common stock at an exercise price of $3.90 per share, exercisable from 09/04/2025 and expiring on 09/04/2035, with the options vesting monthly over 12 months or annually over three years as noted.
authID Inc. disclosed that its chief executive officer and director surrendered a portion of his stock options to repay previously received bonus compensation. On December 15, 2025, he surrendered for cancellation stock options to purchase 71,977 shares of common stock at an exercise price of $5.48 per share, in full satisfaction of his obligation to repay $150,000 of bonus compensation paid under the company’s 2025 Bonus Plan.
Following this transaction, he directly beneficially owns 24,833 shares of authID common stock and continues to hold several option grants. These include options with an exercise price of $5.48 per share expiring on June 28, 2033 covering 111,148 shares, options at $5.35 per share expiring on June 4, 2035 covering 10,000 shares, and options at $3.176 per share expiring on April 10, 2033 covering 306,875 shares. Some of these options vest based on performance and service conditions or monthly over 12 months.
authID Inc. Chief Technology Officer Thomas Szoke reported an insider equity transaction. On December 12, 2025, he surrendered for cancellation stock options to purchase 42,154 shares of authID common stock. This surrender was made in full satisfaction of his obligation to repay $80,000 of bonus compensation previously paid under the company’s 2025 Bonus Plan.
After this transaction, Szoke continues to beneficially own authID common stock directly and indirectly, along with stock options that form part of his overall equity-based compensation.