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 sale of shares to cover tax obligations.
Summary
- On May 12, 2024, Ajay Patel, SVP and CFO of Assertio Holdings, vested 38,017 restricted stock units.
- These units converted into 38,017 shares of common stock.
- Patel then disposed of 16,840 shares at a price of $0.96 to cover tax obligations related to the vesting.
- Following these transactions, Patel directly owns 154,431 shares of Assertio Holdings common stock.
- He also holds 38,017 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock vesting and tax obligations, with no significant positive or negative implications for the company's outlook.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 05/12/2023 | One-third of the restricted stock units were scheduled to vest, assuming continued employment. |
| 05/12/2024 | Date of transaction: vesting of restricted stock units and sale of shares for tax obligations. |
| 05/12/2025 | One-third of the restricted stock units are scheduled to vest, assuming continued employment. |
| 05/14/2024 | Date of signature on the Form 4 filing. |
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