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Ascendis Pharma (ASND) director details warrants and RSUs in Form 3

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Ascendis Pharma A/S director Lars Holtug has filed an initial statement of beneficial ownership, detailing his equity interests in the company. He reports direct holdings of 4,236 Ordinary Shares, which may be held as American Depositary Shares where each ADS represents one Ordinary Share.

Holtug also holds warrants over 35,000, 7,500, 6,420 and 3,053 underlying Ordinary Shares at exercise prices of 61.0000, 108.0000, 176.2800 and 139.6500 respectively, expiring between November 13, 2028 and December 9, 2031. The warrants are fully vested and currently exercisable.

In addition, he holds restricted stock units covering 1,374, 2,070 and 1,930 underlying Ordinary Shares, each RSU representing a contingent right to receive one ADS. These RSUs vest beginning on March 1, 2027, with some vesting entirely on that date and others in two or three equal annual installments thereafter.

Positive

  • None.

Negative

  • None.
Insider HOLTUG LARS
Role Director
Type Security Shares Price Value
holding Warrants -- -- --
holding Warrants -- -- --
holding Warrants -- -- --
holding Warrants -- -- --
holding Restricted Stock Units -- -- --
holding Restricted Stock Units -- -- --
holding Restricted Stock Units -- -- --
holding Ordinary Shares -- -- --
Holdings After Transaction: Warrants — 35,000 shares (Direct); Restricted Stock Units — 1,374 shares (Direct); Ordinary Shares — 4,236 shares (Direct)
Footnotes (1)
  1. Includes American Depositary Shares ("ADS"). Each ADS represents one Ordinary Share. The warrants are fully vested and currently exercisable. The restricted stock units vest on March 1, 2027 and have no expiration date. Each restricted stock unit represents a contingent right to receive one ADS. The restricted stock units vest in two equal annual installments beginning on March 1, 2027. The restricted stock units vest in three equal annual installments beginning on March 1, 2027.
SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
HOLTUG LARS

(Last)(First)(Middle)
C/O ASCENDIS PHARMA A/S
TUBORG BOULEVARD 12

(Street)
HELLERUPDK-2900

(City)(State)(Zip)

UNITED STATES

(Country)
2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026
3. Issuer Name and Ticker or Trading Symbol
Ascendis Pharma A/S [ ASND ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares(1)4,236D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Warrants (2)11/13/2028Ordinary Shares35,000$61D
Warrants (2)12/10/2029Ordinary Shares7,500$108D
Warrants (2)12/10/2030Ordinary Shares6,420$176.28D
Warrants (2)12/09/2031Ordinary Shares3,053$139.65D
Restricted Stock Units (3) (3)Ordinary Shares1,374(4)D
Restricted Stock Units (5) (5)Ordinary Shares2,070(4)D
Restricted Stock Units (6) (6)Ordinary Shares1,930(4)D
Explanation of Responses:
1. Includes American Depositary Shares ("ADS"). Each ADS represents one Ordinary Share.
2. The warrants are fully vested and currently exercisable.
3. The restricted stock units vest on March 1, 2027 and have no expiration date.
4. Each restricted stock unit represents a contingent right to receive one ADS.
5. The restricted stock units vest in two equal annual installments beginning on March 1, 2027.
6. The restricted stock units vest in three equal annual installments beginning on March 1, 2027.
/s/ Michael Wolff Jensen as attorney-in-fact for Lars Holtug03/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does the Ascendis Pharma (ASND) Form 3 for Lars Holtug show?

The Form 3 shows director Lars Holtug’s initial beneficial ownership in Ascendis Pharma A/S, including 4,236 Ordinary Shares, several fully vested warrant positions, and multiple restricted stock unit awards that will vest starting on March 1, 2027.

How many Ascendis Pharma (ASND) shares does Lars Holtug directly own?

Lars Holtug directly owns 4,236 Ordinary Shares of Ascendis Pharma A/S. The filing notes these may be held as American Depositary Shares, where each ADS represents one Ordinary Share, providing a clear baseline of his current share ownership.

What warrant holdings are reported in the Ascendis Pharma (ASND) Form 3?

The Form 3 lists fully vested warrants over 35,000, 7,500, 6,420 and 3,053 underlying Ordinary Shares, with exercise prices from 61.0000 to 176.2800 and expiration dates ranging from November 2028 to December 2031.

What restricted stock units does Lars Holtug hold in Ascendis Pharma (ASND)?

Holtug holds restricted stock units over 1,374, 2,070 and 1,930 underlying Ordinary Shares. Each restricted stock unit represents a contingent right to receive one ADS, with vesting beginning on March 1, 2027 in one, two, or three annual installments.

Do the warrants in the Ascendis Pharma (ASND) Form 3 filing by Lars Holtug already vest?

Yes. The footnotes specify that the warrants are fully vested and currently exercisable. This means Holtug can choose to exercise these warrants before their respective expiration dates between 2028 and 2031, subject to standard conditions.

How are American Depositary Shares described in the Ascendis Pharma (ASND) Form 3?

The filing explains that the positions include American Depositary Shares, stating that each ADS represents one Ordinary Share of Ascendis Pharma A/S. This clarifies how the reported holdings translate between ADSs and the underlying Danish Ordinary Shares.