Asure Software (ASUR) director exercises 5,000 options and uses shares for taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Asure Software director Bjorn Reynolds reported routine option-related transactions. Reynolds exercised stock options for 5,000 shares of Asure Software, Inc. common stock at $7.86 per share and delivered 4,282 shares at $9.18 per share to cover the exercise price and related taxes. Following these transactions, he holds 41,162 shares directly. The filing characterizes the disposition as a tax-withholding event rather than an open-market sale.

Insider Trade Summary

5,000 shares exercised/converted

Mixed 3 txns

Insider Reynolds Bjorn

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)	4,282	$9.18	$39K

Holdings After Transaction: Stock Option (Option to Buy) — 0 shares (Direct, null); Asure Software, Inc. Common Stock ($0.01 par value) — 45,444 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 Exercise price: $7.86 per share Tax-withholding shares: 4,282 shares +3 more

6 metrics

Options exercised 5,000 shares Non-derivative acquisition via option exercise on 2026-05-07 at $7.86

Exercise price $7.86 per share Stock option exercise into Asure Software common stock

Tax-withholding shares 4,282 shares Shares delivered at $9.18 per share to cover exercise price and taxes

Tax-withholding price $9.18 per share Value used for tax-withholding disposition on 2026-05-07

Shares owned after transactions 41,162 shares Direct ownership following reported non-derivative transactions

Option expiration May 13, 2026 Expiration date of exercised stock option originally granted May 13, 2021

Key Terms

tax-withholding disposition, Exercise or conversion of derivative security, Stock Option (Option to Buy), exercise price

4 terms

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

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": "Exercise or conversion of derivative security""

Stock Option (Option to Buy) financial

"security_title": "Stock Option (Option to Buy)""

exercise price financial

"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.

Form 4 Insider Transactions: What Each Field Means →

05/11/2026 - 04:32 PM

SEC Form 4

FORM 4

UNITED 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^*

Reynolds Bjorn

(Last)

(First)

(Middle)

108 WILD BASIN RD. S., SUITE 200

(Street)

AUSTIN

TEXAS

78746

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ASURE SOFTWARE INC [ ASUR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Asure Software, Inc. Common Stock ($0.01 par value)	05/07/2026		M		5,000	A	$7.86	45,444	D
Asure Software, Inc. Common Stock ($0.01 par value)	05/07/2026		F⁽¹⁾		4,282	D	$9.18	41,162	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (Option to Buy)	$7.86	05/07/2026		M			5,000	⁽²⁾	05/13/2026	Asure Software, Inc. Common Stock ($0.01 par value)	5,000	$0	0	D

Explanation of Responses:

1. These shares represent the payment of exercise price associated with the exercise of stock options that were originally granted on May 13, 2021.

2. 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.

Remarks:

	/s/ Bjorn Reynolds	05/11/2026
	** Signature of Reporting Person	Date
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 activity did Asure Software (ASUR) disclose for Bjorn Reynolds?

Asure Software reported that director Bjorn Reynolds exercised stock options for 5,000 shares and used 4,282 shares to cover the exercise price and taxes. These are compensation-related, non‑market transactions rather than open-market buying or selling of ASUR shares.

How many Asure Software (ASUR) shares does Bjorn Reynolds own after this Form 4?

After the reported transactions, Bjorn Reynolds directly owns 41,162 shares of Asure Software common stock. This figure reflects both the 5,000 shares acquired through option exercise and the 4,282 shares delivered to satisfy the associated exercise price and tax obligations.

Did Bjorn Reynolds sell Asure Software (ASUR) shares on the open market?

No open-market sale is shown. The Form 4 lists a tax-withholding disposition of 4,282 shares at $9.18 per share, used to pay the option exercise price and related taxes, which differs from a discretionary sale of ASUR shares for investment purposes.

What stock options did Bjorn Reynolds exercise in this Asure Software (ASUR) filing?

Reynolds exercised a stock option covering 5,000 underlying ASUR shares at an exercise price of $7.86 per share. The footnotes indicate the options were originally granted on May 13, 2021, with vesting over three years ending on the third anniversary of that grant date.

How large was the tax-withholding disposition in the Asure Software (ASUR) Form 4?

The tax-withholding disposition involved 4,282 shares of Asure Software common stock valued at $9.18 per share. These shares were delivered to cover the exercise price and tax liabilities associated with Reynolds’s option exercise, rather than representing a traditional market sale of ASUR stock.