Heather L. Mason - 02 Jan 2024 Form 4 Insider Report for Assertio Holdings, Inc. (ASRT)

Role: Interim CEO, Director
Signature: /s/ Sam Schlessinger, attorney-in-fact for Heather L. Mason
Issuer symbol: ASRT
Transactions as of: 02 Jan 2024
Net transactions value: $0
Form type: 4
Filing time: 04 Jan 2024, 20:00:49 UTC
Previous filing: 22 May 2023
Next filing: 06 Jun 2024
SEC: View on sec.gov

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
transaction	ASRT	Stock Option (Right to Buy)	Award	$0	+550,000		$0.000000	550,000	02 Jan 2024	Common Stock	550,000	$1.14	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The stock option vests (a) as to 50% in 12 equal monthly installments following January 2, 2024, subject to the reporting person's continued service to the registrant through each applicable vesting date, and (b) as to 50% upon the date a permanent Chief Executive Officer who is hired during the reporting person's service as interim CEO commences employment with the registrant and remains employed for a period of 30 days.
F2	The derivative securities were granted to the reporting person, and were not sold to the reporting person. As such, the reporting person did not pay any consideration for the derivative securities.

Content

The stock option vests (a) as to 50% in 12 equal monthly installments following January 2, 2024, subject to the reporting person's continued service to the registrant through each applicable vesting date, and (b) as to 50% upon the date a permanent Chief Executive Officer who is hired during the reporting person's service as interim CEO commences employment with the registrant and remains employed for a period of 30 days.

The derivative securities were granted to the reporting person, and were not sold to the reporting person. As such, the reporting person did not pay any consideration for the derivative securities.