Edenbrook Capital, LLC - Mar 7, 2023 Form 4 Insider Report for ABSOLUTE SOFTWARE CORP (ABST)

Role: 10%+ Owner
Signature: Edenbrook Capital, LLC By: /s/ Jonathan Brolin, Managing Member
Stock symbol: ABST
Transactions as of: Mar 7, 2023
Transactions value $: $269,934
Form type: 4
Date filed: 3/7/2023, 03:27 PM
Previous filing: Mar 7, 2023
Next filing: Mar 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ABST	Common Shares, no par value	Purchase	$84.7K	+10.3K	+0.19%	$8.23	5.37M	Mar 7, 2023	see footnote	F1
transaction	ABST	Common Shares, no par value	Purchase	$82.9K	+10K	+0.19%	$8.29	5.38M	Mar 7, 2023	See footnotes	F1
transaction	ABST	Common Shares, no par value	Purchase	$102K	+12.5K	+0.23%	$8.18	5.4M	Mar 7, 2023	See footnotes	F1

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	ABST	Put Option (Obligation to Buy)						3K	Mar 7, 2023	Common Shares	300K	$7.00	See footnote	F2
holding	ABST	Put Option (Obligation to buy)						3K	Mar 7, 2023	Common Shares	300K	$7.00	See footnote	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The securities reported herein are held in the accounts of private funds. Edenbrook Capital, LLC may be deemed to be a beneficial owner of such securities by virtue of its role as the investment manager of such private funds. Jonathan Brolin may be deemed to be a beneficial owner of such securities by virtue of his role as managing member of Edenbrook Capital, LLC. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 3 except to the extent of its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F2	The private funds managed by by Edenbrook Capital, LLC wrote put option contracts expiring in May and August 2024 which provide that the private funds will be required to purchase Common Shares at the stated strike price if the counterparty exercises such option.

Content

The securities reported herein are held in the accounts of private funds. Edenbrook Capital, LLC may be deemed to be a beneficial owner of such securities by virtue of its role as the investment manager of such private funds. Jonathan Brolin may be deemed to be a beneficial owner of such securities by virtue of his role as managing member of Edenbrook Capital, LLC. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 3 except to the extent of its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

The private funds managed by by Edenbrook Capital, LLC wrote put option contracts expiring in May and August 2024 which provide that the private funds will be required to purchase Common Shares at the stated strike price if the counterparty exercises such option.