Daniel A. Peisert - May 12, 2023 Form 4 Insider Report for Assertio Holdings, Inc. (ASRT)

Signature
/s/ Sam Schlessinger, attorney-in-fact for Daniel A. Peisert
Stock symbol
ASRT
Transactions as of
May 12, 2023
Transactions value $
-$2,915,339
Form type
4
Date filed
5/15/2023, 08:57 PM
Previous filing
Feb 23, 2023
Next filing
Sep 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASRT Common Stock Options Exercise $0 +152K +48.68% $0.00 464K May 12, 2023 Direct F1
transaction ASRT Common Stock Tax liability -$515K -67.4K -14.5% $7.65 397K May 12, 2023 Direct F2
transaction ASRT Common Stock Options Exercise $0 +400K +100.74% $0.00 797K May 12, 2023 Direct F1
transaction ASRT Common Stock Tax liability -$1.36M -177K -22.23% $7.65 620K May 12, 2023 Direct F2
transaction ASRT Common Stock Disposed to Issuer -$1.04M -137K -22.02% $7.65 483K May 12, 2023 Direct F3

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 -152K -33.33% $0.00 304K May 12, 2023 Common Stock 152K $0.00 Direct F1, F4, F5
transaction ASRT Performance-Based Restricted Stock Units Options Exercise $0 -400K -100% $0.00* 0 May 12, 2023 Common Stock 400K $0.00 Direct F1, F5, F6
* 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 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 or a combination of shares of common stock and cash.
F2 Represents shares of common stock withheld for payment of taxes upon the vesting of restricted stock units.
F3 In accordance with SEC rules, the settlement of the restricted stock units for cash is reported on this Form 4 as an acquisition of the underlying common stock and a simultaneous disposition to the registrant for cash.
F4 On May 12, 2022, the reporting person was granted 456,204 restricted stock units. One-third of these restricted stock units are scheduled to vest on May 12, 2023, 2024, and 2025, assuming continued employment through the applicable vesting date.
F5 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.
F6 The restricted stock units were fully vested on May 12, 2023, as the trading price of the registrant's common stock exceeded certain stock price targets prior to the eighth calendar day after the registrant releases its earnings for the second quarter of 2025. After taking into effect the 177,200 shares of common stock withheld for payment of taxes, the remainder of the restricted stock unit grant was settled 136,525 shares in cash and 86,275 in shares of common stock.