Asure Software (NASDAQ: ASUR) CFO exercises 60K options, uses 55,645 shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Asure Software Inc.'s Chief Financial Officer John F. Pence exercised employee stock options for 60,000 shares of common stock at an exercise price of $7.86 per share. To cover the option exercise price and related tax liability, 55,645 shares were disposed of through a tax-withholding arrangement at $8.88 per share, rather than sold on the open market.
After these transactions, Pence directly holds 301,698 shares of Asure Software common stock. The filing reflects a routine compensation-related option exercise and associated tax withholding, not an open-market purchase or sale decision.
Positive
- None.
Negative
- None.
Insider Trade Summary
60,000 shares exercised/converted
Mixed
3 txns
Insider
Pence John F
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 60,000 | $0.00 | -- |
| Exercise | Asure Software, Inc. Common Stock ($0.01 par value) | 60,000 | $7.86 | $472K |
| Tax Withholding | Asure Software, Inc. Common Stock ($0.01 par value) | 55,645 | $8.88 | $494K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 shares (Direct, null);
Asure Software, Inc. Common Stock ($0.01 par value) — 357,343 shares (Direct, null)
Footnotes (1)
- These shares represent the payment of exercise price and tax liability associated with the exercise of stock options that were originally granted on May 13, 2021. Represents grant of employee stock options that vested 1/3rd on the first anniversary of the grant date of May 13, 2021, (the "Grant Date") and the remaining 2/3rds vested over a period of two years in equal monthly installments with the last such vesting date being the third anniversary of the Grant Date.
Key Figures
Options exercised: 60,000 shares
Option exercise price: $7.86 per share
Tax-withholding shares: 55,645 shares
+4 more
7 metrics
Options exercised
60,000 shares
Employee stock options exercised by CFO on May 11, 2026
Option exercise price
$7.86 per share
Exercise price for 60,000 employee stock options
Tax-withholding shares
55,645 shares
Shares used to pay exercise price and tax liability
Tax-withholding share value
$8.88 per share
Reported price for 55,645 withheld shares
Shares held after transactions
301,698 shares
CFO’s direct Asure Software common stock holdings post-transaction
Tax-withholding disposition
1 transaction, 55,645 shares
Form 4 code F, payment of exercise price and tax liability
Derivative exercise
1 transaction, 60,000 shares
Form 4 code M, exercise of employee stock options granted May 13, 2021
Key Terms
tax-withholding disposition, derivative security, Employee Stock Option (Right to Buy), grant of employee stock options, +1 more
5 terms
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Employee Stock Option (Right to Buy) financial
"Employee Stock Option (Right to Buy)"
grant of employee stock options financial
"Represents grant of employee stock options that vested 1/3rd on the first anniversary"
vesting financial
"vested 1/3rd on the first anniversary of the grant date and remaining 2/3rds vested"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did Asure Software (ASUR) CFO John F. Pence report in this Form 4?
John F. Pence reported exercising employee stock options for 60,000 Asure Software shares and a related tax-withholding share disposition. These actions are compensation-related and do not represent an open-market stock purchase or sale by the Chief Financial Officer.
Were any of the Asure Software CFO’s transactions open-market buys or sells?
No open-market buys or sells were reported. The filing shows an option exercise (code M) and a tax-withholding disposition (code F). These transactions are tied to employee stock options and tax obligations, not discretionary trading in the open market.
What were the key prices in the Asure Software CFO’s reported transactions?
The employee stock options were exercised at an exercise price of $7.86 per share. The 55,645 shares used to cover the exercise price and tax liability are reported at $8.88 per share, according to the non-derivative transaction details in the filing.