Joel David McNatt JR - Sep 5, 2024 Form 4 Insider Report for AssetMark Financial Holdings, Inc. (AMK)

Signature
/s/ Celeste Angelich, as Attorney-in-Fact, for Joel David McNatt Jr.
Stock symbol
AMK
Transactions as of
Sep 5, 2024
Transactions value $
-$1,322,897
Form type
4
Date filed
9/6/2024, 04:06 PM
Previous filing
Aug 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMK Common Stock Disposed to Issuer -$1.01M -28.6K -100% $35.25 0 Sep 5, 2024 Direct F1, F2
transaction AMK Common Stock Disposed to Issuer -$73.3K -2.08K -100% $35.25 0 Sep 5, 2024 By Child F1, F3
transaction AMK Common Stock Disposed to Issuer -$242K -6.86K -100% $35.25 0 Sep 5, 2024 By Roberts McNatt Living Trust F1, 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 Employee Stock Option (right to buy) Disposed to Issuer -12.8K -100% 0 Sep 5, 2024 Common Stock 12.8K Direct F5
transaction AMK Stock Appreciation Right Disposed to Issuer -45.1K -100% 0 Sep 5, 2024 Common Stock 45.1K Direct F6
transaction AMK Stock Appreciation Right Disposed to Issuer -23.3K -100% 0 Sep 5, 2024 Common Stock 23.3K Direct F6
transaction AMK Stock Appreciation Right Disposed to Issuer -9.38K -100% 0 Sep 5, 2024 Common Stock 9.38K Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Joel David McNatt JR is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents shares disposed of as a result of the merger pursuant to the previously announced Agreement and Plan of Merger, dated as of April 25, 2024, by and among AssetMark Financial Holdings, Inc., GTCR Everest Borrower, LLC and GTCR Everest Merger Sub, Inc. (the "Merger Agreement"). Pursuant to the Merger Agreement, at the effective time of the merger contemplated thereby (the "Effective Time"), each share of common stock held by the reporting person was converted automatically into the right to receive $35.25 per share in cash (the "Merger Consideration").
F2 Includes shares of common stock underlying restricted stock units. Pursuant to the Merger Agreement, at the Effective Time, each restricted stock unit held by the reporting person was canceled and converted automatically into the right to receive the Merger Consideration.
F3 The Reporting Person disclaims beneficial ownership of the shares held by his minor children in their custodial account except to the extent of his pecuniary interest therein, and this Report should not be deemed an admission that the Reporting Person is the beneficial owner of the shares for purposes of Section 16 or any other purpose.
F4 Shares held by the Roberts McNatt Living Trust dated December 6, 2018.
F5 Pursuant to the Merger Agreement, at the Effective Time, each stock option with respect to shares of common stock held by the reporting person was canceled and converted automatically into the right to receive an amount in cash equal to, with respect to each share of common stock underlying such stock option, the excess (if any) of the Merger Consideration over the applicable exercise price.
F6 Pursuant to the Merger Agreement, at the Effective Time, each stock appreciation right with respect to shares of common stock held by the reporting person was canceled and converted automatically into the right to receive an amount in cash equal to, with respect to each stock appreciation right, the excess (if any) of the Merger Consideration over the applicable exercise price.