Daniel A. Peisert - 19 May 2021 Form 4 Insider Report for Assertio Holdings, Inc. (ASRT)

Role
President and CEO, Director
Signature
/s/ Jennifer Hipelius, attorney-in-fact for Daniel A. Peisert
Issuer symbol
ASRT
Transactions as of
19 May 2021
Net transactions value
-$11,427
Form type
4
Filing time
21 May 2021, 16:48:03 UTC
Next filing
24 May 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASRT Common Stock Options Exercise $0 +25,000 +45% $0.000000 81,071 19 May 2021 Direct F1
transaction ASRT Common Stock Tax liability $11,427 -7,325 -9% $1.56 73,746 19 May 2021 Direct F2

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 Restricted Stock Units Options Exercise $0 -25,000 -100% $0.000000* 0 19 May 2021 Common Stock 25,000 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 18, 2021 the Issuer effected a 1-for-4 reverse stock split (the "Reverse Stock Split"). The number of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.
F2 Represents shares of common stock withheld for payment of taxes upon the vesting of restricted stock units.
F3 Each restricted stock unit represents the contingent right to receive one share of common stock. This transaction represents the settlement of vested restricted stock units in shares of common stock.
F4 This award was granted on May 19, 2020 and vested in full on May 19, 2021. All share amounts have been adjusted to reflect the Reverse Stock Split.
F5 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.