STONEHILL CAPITAL MANAGEMENT LLC - 28 Feb 2024 Form 3 Insider Report for Veradigm Inc. (MDRX)

Role
10%+ Owner
Signature
Stonehill Capital Management LLC, By: Paul Malek, authorized signatory, /s/ Paul Malek
Issuer symbol
MDRX
Transactions as of
28 Feb 2024
Net transactions value
$0
Form type
3
Filing time
04 Mar 2024, 21:42:10 UTC
Next filing
26 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MDRX Common Stock, par value $0.01 per share 5,087,686 28 Feb 2024 See Footnotes F1, F3
holding MDRX Common Stock, par value $0.01 per share 5,737,176 28 Feb 2024 See Footnotes F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding MDRX 0.875% Convertible Senior Notes due 2027 28 Feb 2024 Common Stock 44,307 See Footnotes F1, F3, F4
holding MDRX 0.875% Convertible Senior Notes due 2027 28 Feb 2024 Common Stock 49,939 See Footnotes F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Held directly by Stonehill Master Fund Ltd (the "Master Fund").
F2 Held directly by Stonehill Institutional Partners, L.P. (the "Fund").
F3 Stonehill Capital Management LLC ("Management") is the manager of the Fund and the Master Fund. John Motulsky, Jonathan Sacks, Peter Sisitsky, Michael Thoyer, Michael Stern, Samir Arora and Garrett Zwahlen are the managing members of Management. The reporting persons disclaim beneficial ownership of the reported securities except to the extent of any pecuniary interest therein, and this report shall not be deemed an admission that the reporting persons are the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
F4 Senior Notes due 2027 (the "Notes") are convertible into shares of the Issuer's common stock at a conversion rate of 75.0962 shares of common stock The 0.875% Convertible per $1,000 principal amount of the Notes (subject to adjustment pursuant to the terms of the Notes).