4/A: Stonehill Capital Management Amends Filing to Include Additional Reporting Persons After Veradigm Inc. Transactions

Stonehill Capital Management files an amendment to its previous Form 4, adding Stonehill Master Fund Ltd., Samir Arora, and Garrett Zwahlen as reporting persons after recent transactions in Veradigm Inc. (MDRX) stock.

Summary

• Stonehill Capital Management LLC filed an amended Form 4 with the SEC regarding changes in beneficial ownership of Veradigm Inc. (MDRX) stock.
• The amendment adds Stonehill Master Fund Ltd., Samir Arora, and Garrett Zwahlen as reporting persons.
• The original filing was made on March 4, 2024, and this amendment is dated March 15, 2024.
• The transactions reported include the purchase of Veradigm Inc. common stock on February 28, 2024, February 29, 2024, and March 1, 2024, at prices ranging from $6.00 to $6.81 per share.
• These purchases increased the indirect beneficial ownership of common stock by Stonehill Master Fund Ltd. and Stonehill Institutional Partners, L.P.
• Stonehill Capital Management LLC is the manager of Stonehill Institutional Partners, L.P. and Stonehill Master Fund Ltd.
• John Motulsky, Jonathan Sacks, Peter Sisitsky, Michael Thoyer, Michael Stern, Samir Arora and Garrett Zwahlen are the managing members of Stonehill Capital Management LLC.
• The reporting persons disclaim beneficial ownership of the reported securities except to the extent of any pecuniary interests therein.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Management Comments

• The reporting persons disclaim beneficial ownership of the reported securities except to the extent of any pecuniary interests therein, and this report shall not be deemed an admission that the reporting persons are the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and significant shareholders, providing transparency to the market.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for individuals and entities exceeding a 10% ownership stake in a publicly traded company, similar to filings made by other major shareholders in comparable companies.
• The level of detail provided in the filing, including transaction dates, prices, and the number of shares involved, aligns with the standard reporting practices observed in similar filings for other publicly traded companies.

Stakeholder Impact

• The filing provides transparency to Veradigm Inc. shareholders regarding the ownership stake of Stonehill Capital Management and related entities.
• The transactions may influence investor perception of the stock, depending on the market's interpretation of the purchases.

Key Dates