Paul Schwichtenberg - May 12, 2022 Form 4 Insider Report for Assertio Holdings, Inc. (ASRT)

Role
SVP and CFO
Signature
/s/ Sam Schlessinger, attorney in fact for Paul Schwichtenberg
Stock symbol
ASRT
Transactions as of
May 12, 2022
Transactions value $
$0
Form type
4
Date filed
5/16/2022, 07:12 PM
Previous filing
Feb 16, 2022
Next filing
Feb 7, 2023

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 Award $0 +114K $0.00 114K May 12, 2022 Common Stock 114K $0.00 Direct F1, F2, F3
transaction ASRT Stock Option (right to buy) Award $0 +110K $0.00 110K May 12, 2022 Common Stock 110K $2.63 Direct F2, F3
transaction ASRT Restricted Stock Units Award $0 +200K $0.00 200K May 12, 2022 Common Stock 200K $0.00 Direct F1, F3, F4
transaction ASRT Stock Option (right to buy) Award $0 +200K $0.00 200K May 12, 2022 Common Stock 200K $2.63 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the registrant's common stock.
F2 One-third of these restricted stock units and stock options are scheduled to vest on each of the first three anniversaries of the grant date, assuming continued employment through the applicable vesting date.
F3 These 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 these derivative securities.
F4 These restricted stock units and stock options will only vest if the trading price of registrant's common stock exceeds certain stock price targets prior to the eighth calendar day after the registrant releases its earnings for the second quarter of 2025.