Asure Software (NASDAQ: ASUR) director exercises options, uses shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Asure Software director Daniel M. Gill exercised employee stock options and used shares to cover the cost. On May 12, 2026, he exercised options for 5,000 shares of Asure Software common stock at $7.86 per share. To pay the exercise price and related obligations, 4,581 shares were disposed of as a tax-withholding transaction at a value of $8.58 per share, rather than through an open‑market sale. After these transactions, Gill directly owns 50,165 shares of Asure Software common stock. No stock options remain outstanding from this particular grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,000 shares exercised/converted
Mixed
3 txns
Insider
GILL DANIEL M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Option to Buy) | 5,000 | $0.00 | -- |
| Exercise | Asure Software, Inc. Common Stock ($0.01 par value) | 5,000 | $7.86 | $39K |
| Tax Withholding | Asure Software, Inc. Common Stock ($0.01 par value) | 4,581 | $8.58 | $39K |
Holdings After Transaction:
Stock Option (Option to Buy) — 0 shares (Direct, null);
Asure Software, Inc. Common Stock ($0.01 par value) — 50,165 shares (Direct, null)
Footnotes (1)
- These shares represent the payment of exercise price 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: 5,000 shares
Option exercise price: $7.86 per share
Shares used for tax withholding: 4,581 shares
+3 more
6 metrics
Options exercised
5,000 shares
Employee stock options exercised on May 12, 2026
Option exercise price
$7.86 per share
Exercise price for stock options granted May 13, 2021
Shares used for tax withholding
4,581 shares
Tax-withholding disposition valued at $8.58 per share
Tax withholding share value
$8.58 per share
Value of shares delivered for exercise price/tax liability
Post-transaction holdings
50,165 shares
Common stock directly owned after May 12, 2026 transactions
Remaining options from this grant
0 options
DerivativeSummary shows no remaining options after exercise
Key Terms
tax-withholding disposition, Exercise or conversion of derivative security, Stock Option (Option to Buy), exercise price, +1 more
5 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" describing delivery of shares for obligations"
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.
Exercise or conversion of derivative security financial
"transaction_code_description for code M: "Exercise or conversion of derivative security""
Stock Option (Option to Buy) financial
"security_title listed as "Stock Option (Option to Buy)" for the derivative"
exercise price financial
"footnote notes "payment of exercise price associated with the exercise of stock options""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
grant of employee stock options financial
"footnote describes "grant of employee stock options" with a three-year vesting schedule"
FAQ
What insider transaction did Asure Software (ASUR) director Daniel M. Gill report?
Daniel M. Gill reported an option exercise and related tax-withholding share disposition. He exercised stock options for 5,000 Asure Software shares and used 4,581 shares to cover the exercise price and obligations, a routine, compensation-related event rather than an open‑market trade.
What are Daniel M. Gill's holdings in Asure Software (ASUR) after these transactions?
Following the reported transactions, Daniel M. Gill directly holds 50,165 shares of Asure Software common stock. This post-transaction balance reflects both the 5,000-share option exercise and the 4,581 shares used for tax withholding on May 12, 2026.
Were Daniel M. Gill's Asure Software (ASUR) transactions open-market buys or sells?
They were not open-market trades. The Form 4 shows an option exercise (code M) and a tax-withholding disposition (code F), where shares were delivered to pay the exercise price and obligations, rather than being bought or sold on the stock market.
What do the footnotes reveal about Daniel M. Gill's Asure Software (ASUR) option grant?
The footnotes state the options were granted on May 13, 2021, vesting one-third after one year and the remaining two-thirds in equal monthly installments over the next two years, with the last vesting occurring on the third anniversary of the grant date.