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 common stock and restricted stock units.
Summary
- On February 21, 2025, Ajay Patel, SVP and CFO of Assertio Holdings, engaged in transactions involving the company's stock.
- Patel acquired 17,150 shares of common stock upon the vesting of restricted stock units.
- Simultaneously, 8,505 shares were withheld for payment of taxes related to the vesting of these units at a price of $0.81 per share.
- Following these transactions, Patel directly owns 175,675 shares of Assertio Holdings common stock.
- The restricted stock units were granted to Patel and not purchased.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The remaining restricted stock units are scheduled to vest on February 21, 2026, assuming continued employment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies to ensure transparency and compliance with securities regulations.
Key Dates
| Date | Description |
|---|---|
| 02/21/2024 | One-third of restricted stock units scheduled to vest, assuming continued employment. |
| 02/21/2025 | Date of stock transactions: vesting of restricted stock units and tax withholding. |
| 02/21/2025 | One-third of restricted stock units scheduled to vest, assuming continued employment. |
| 02/21/2026 | One-third of restricted stock units scheduled to vest, assuming continued employment. |
| 02/25/2025 | Date of signature for the Form 4 filing. |
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