Form 4: Assertio Holdings SVP and CFO Ajay Patel Reports Stock Transactions
SEC Form 4 Filing
Ajay Patel, SVP and CFO of Assertio Holdings, reports the vesting and subsequent tax withholding of shares related to restricted stock units.
Summary
- On February 7, 2025, Ajay Patel, SVP and CFO of Assertio Holdings, exercised 25,000 restricted stock units (RSUs) into common stock.
- Simultaneously, 12,401 shares of common stock were withheld to cover tax obligations related to the vesting of the RSUs at a price of $0.8 per share.
- Following these transactions, Patel directly owns 167,030 shares of Assertio Holdings common stock and 50,000 restricted stock units.
- The RSUs vest in three equal installments on February 7, 2025, 2026, and 2027, contingent upon continued employment.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.
Future Outlook
The remaining restricted stock units are scheduled to vest on February 7, 2026, and February 7, 2027, assuming continued employment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.
Stakeholder Impact
- The vesting of RSUs and subsequent tax withholding may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/07/2025 | Date of transaction: Exercise of restricted stock units and tax withholding. |
| 02/07/2025 | First vesting date for one-third of the reported restricted stock units. |
| 02/07/2026 | Second vesting date for one-third of the reported restricted stock units. |
| 02/07/2027 | Final vesting date for one-third of the reported restricted stock units. |
| 02/11/2025 | Date of Form 4 signature. |
Keywords
Form 4, Insider Trading, Restricted Stock Units, ASRT, Assertio Holdings, Ajay Patel, Stock Options, Vesting
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