Michael Kim - 08 Jun 2023 Form 4 Insider Report for AssetMark Financial Holdings, Inc.

Role
President & CCO
Signature
/s/ Celeste Angelich, as Attorney-in-Fact, for Michael Kim
Issuer symbol
N/A
Transactions as of
08 Jun 2023
Net transactions value
-$189,483
Form type
4
Filing time
12 Jun 2023, 19:41:41 UTC
Previous filing
17 Mar 2023
Next filing
26 Oct 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMK Common Stock Award $0 +18,085 +5.6% $0.000000 340,635 08 Jun 2023 Direct F1
transaction AMK Common Stock Sale $149,569 -4,979 -1.5% $30.04 335,656 08 Jun 2023 Direct F2
transaction AMK Common Stock Sale $39,914 -1,348 -0.4% $29.61 334,308 09 Jun 2023 Direct F2
holding AMK Common Stock 1,930 08 Jun 2023 Child F3
holding AMK Common Stock 41,390 08 Jun 2023 Kim Family Trust F4

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 AMK Stock Appreciation Right Award $0 +117,057 $0.000000 117,057 08 Jun 2023 Common Stock 0 $30.30 Direct F5, F6
transaction AMK Stock Appreciation Right Award $0 +37,955 $0.000000 37,955 08 Jun 2023 Common Stock 37,955 $30.30 Direct F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of restricted stock units that vest in four equal annual installments on the first four anniversaries of the date of grant and settle in shares of common stock of the Issuer.
F2 Reflects the number of shares of Common Stock that were sold to satisfy tax withholding requirements on vesting of restricted stock units pursuant to mandatory "sell to cover" provisions contained in the Reporting Person's RSU Agreement, and does not represent a discretionary sale by the Reporting Person. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes and fees.
F3 The Reporting Person disclaims beneficial ownership of the shares held directly by his college-aged child, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of the shares held in trust for purposes of Section 16 or for any other purpose.
F4 Shares held by The Kim Family Trust, dated July 30, 2016.
F5 The Stock Appreciation Right vests in four equal annual installments on the first four anniversaries of the date of grant.
F6 Upon exercise, the Stock Appreciation Right will be settled in cash.
F7 Upon exercise, the Stock Appreciation Right will be settled, in the Issuer?s discretion, in Common Stock, cash or such other form permitted by the AssetMark Financial Holdings, Inc. 2019 Equity Incentive Plan.

Remarks:

The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes and fees.