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

Role
SVP, General Counsel
Signature
/s/ Sam Schlessinger
Issuer symbol
ASRT
Transactions as of
12 May 2022
Net transactions value
$0
Form type
4
Filing time
16 May 2022, 19:18:41 UTC
Previous filing
01 Mar 2022
Next filing
08 Aug 2022
SEC
View on sec.gov

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 +114,051 $0.000000 114,051 12 May 2022 Common Stock 114,051 $0.000000 Direct F1, F2, F3
transaction ASRT Stock Option (right to buy) Award $0 +109,649 $0.000000 109,649 12 May 2022 Common Stock 109,649 $2.63 Direct F2, F3
transaction ASRT Restricted Stock Units Award $0 +200,000 $0.000000 200,000 12 May 2022 Common Stock 200,000 $0.000000 Direct F1, F3, F4
transaction ASRT Stock Option (right to buy) Award $0 +200,000 $0.000000 200,000 12 May 2022 Common Stock 200,000 $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.