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Assertio (NASDAQ: ASRT) director receives 4,851 restricted stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Kirk Sigurd reported acquisition or exercise transactions in this Form 4 filing.

Assertio Holdings, Inc. director Kirk Sigurd received a grant of 4,851 shares of Common Stock in the form of restricted stock units at a price of $0.00 per share. Following this award, he directly holds 12,017 shares.

The restricted stock units vest in full on the earlier of the first anniversary of the grant date or the next annual meeting of stockholders that is at least 50 weeks after the prior year’s annual meeting, consistent with the company’s Nonemployee Director Compensation & Grant Policy. All reported share amounts reflect a 1-for-15 reverse stock split effected on December 26, 2025.

Positive

  • None.

Negative

  • None.
Insider Kirk Sigurd
Role null
Type Security Shares Price Value
Grant/Award Common Stock 4,851 $0.00 --
Holdings After Transaction: Common Stock — 12,017 shares (Direct, null)
Footnotes (1)
  1. Restricted stock units that (1) vest in full on the earlier of the first anniversary of the grant date and the next annual meeting of stockholders which is at least 50 weeks after the immediately preceding year's annual meeting, and (2) were granted on the date of the Issuer's 2026 Annual Meeting of Stockholders in accordance with the Issuer's Nonemployee Director Compensation & Grant Policy. On December 26, 2025, the Issuer effected a 1-for-15 reverse stock split (the "Reverse Stock Split"). The number of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.
RSU grant size 4,851 shares Restricted stock units granted to director on grant date
Grant price $0.00 per share Price per share for the RSU award
Post-grant holdings 12,017 shares Total Common Stock directly held after transaction
Reverse stock split ratio 1-for-15 Reverse stock split effected on December 26, 2025
Transaction date May 5, 2026 Date of reported Form 4 transaction
Restricted stock units financial
"Restricted stock units that (1) vest in full on the earlier of the first anniversary..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Nonemployee Director Compensation & Grant Policy financial
"were granted on the date of the Issuer's 2026 Annual Meeting of Stockholders in accordance with the Issuer's Nonemployee Director Compensation & Grant Policy."
1-for-15 reverse stock split financial
"On December 26, 2025, the Issuer effected a 1-for-15 reverse stock split..."
Form 4 regulatory
"The number of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Annual Meeting of Stockholders regulatory
"vest in full on the earlier of the first anniversary of the grant date and the next annual meeting of stockholders..."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Kirk Sigurd
(Last)(First)(Middle)
ASSERTIO HOLDINGS, INC.
100 SOUTH SAUNDERS ROAD, SUITE 300
(Street)
LAKE FOREST ILLINOIS 60045
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Assertio Holdings, Inc. [ ASRT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/05/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/05/2026A4,851(1)A$012,017(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Restricted stock units that (1) vest in full on the earlier of the first anniversary of the grant date and the next annual meeting of stockholders which is at least 50 weeks after the immediately preceding year's annual meeting, and (2) were granted on the date of the Issuer's 2026 Annual Meeting of Stockholders in accordance with the Issuer's Nonemployee Director Compensation & Grant Policy.
2. On December 26, 2025, the Issuer effected a 1-for-15 reverse stock split (the "Reverse Stock Split"). The number of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.
/s/ Sam Schlessinger, Attorney-in-fact for Sigurd C. Kirk05/06/2026
** 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 4 (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 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Assertio (ASRT) director Kirk Sigurd report?

Kirk Sigurd reported receiving 4,851 shares of Assertio Common Stock as a restricted stock unit grant at $0.00 per share. This is a compensation-related equity award, not an open-market purchase or sale, and increased his directly held position to 12,017 shares.

How many Assertio (ASRT) shares does Kirk Sigurd hold after this Form 4?

After the reported grant, Kirk Sigurd directly holds 12,017 shares of Assertio Common Stock. This total includes the 4,851-share restricted stock unit award disclosed in the filing, with all figures adjusted to reflect the company’s 1-for-15 reverse stock split completed in December 2025.

What are the vesting terms of the new Assertio (ASRT) restricted stock units?

The 4,851 restricted stock units vest in full on the earlier of the first anniversary of the grant date or the next annual meeting of stockholders that occurs at least 50 weeks after the prior year’s annual meeting, in line with Assertio’s Nonemployee Director Compensation & Grant Policy.

Is Kirk Sigurd’s Assertio (ASRT) Form 4 transaction an open-market buy or sell?

The Form 4 reports a grant or award acquisition, not an open-market buy or sell. Sigurd received 4,851 restricted stock units at $0.00 per share as director compensation, so no market transaction occurred and no purchase or sale price was established in public trading.

How did Assertio’s (ASRT) reverse stock split affect this Form 4 data?

Assertio effected a 1-for-15 reverse stock split on December 26, 2025. The Form 4 notes that all reported share amounts, including the 4,851-unit grant and 12,017 post-transaction holdings, have been adjusted to reflect this split, ensuring consistency with the company’s current share count.