Daniel A. Peisert - May 19, 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
Stock symbol: ASRT
Transactions as of: May 19, 2021
Transactions value $: -$11,427
Form type: 4
Date filed: 5/21/2021, 04:48 PM
Next filing: May 24, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASRT	Common Stock	Options Exercise	$0	+25K	+44.59%	$0.00	81.1K	May 19, 2021	Direct	F1
transaction	ASRT	Common Stock	Tax liability	-$11.4K	-7.33K	-9.04%	$1.56	73.7K	May 19, 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	-25K	-100%	$0.00^*	0	May 19, 2021	Common Stock	25K		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.