Asure CEO exercises 150K stock options
Asure Software’s Chairman and CEO Patrick Goepel exercised employee stock options and settled related costs in shares.
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Form Type
4
Rhea-AI Filing Summary
Asure Software’s Chairman and CEO Patrick Goepel exercised employee stock options and settled related costs in shares. He exercised a total of 150,000 options for common stock at strike prices of $6.74 and $7.86 per share, converting derivative awards into regular shares. To pay the exercise price and associated tax liabilities, 130,260 shares were withheld at $9.18 per share rather than sold on the open market. After these routine compensation-related transactions, Goepel directly holds 1,547,362 shares of Asure Software common stock.
Insider Trade Summary
150,000 shares exercised/converted
Exercise
6 txns
Insider
Goepel Patrick
Role
Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 60,000 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (Right to Buy) | 90,000 | $0.00 | $0.00 |
| Exercise | Asure Software, Inc. Common Stock ($0.01 par value) | 60,000 | $7.86 | $472K |
| Exercise Price or Tax Liability | Asure Software, Inc. Common Stock ($0.01 par value) | 54,768 | $9.18 | $503K |
| Exercise | Asure Software, Inc. Common Stock ($0.01 par value) | 90,000 | $6.74 | $607K |
| Exercise Price or Tax Liability | Asure Software, Inc. Common Stock ($0.01 par value) | 75,492 | $9.18 | $693K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 contracts (Direct);
Asure Software, Inc. Common Stock ($0.01 par value) — 1,547,362 shares (Direct)
Footnotes (4)
- F1. 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.
- F2. These shares represent the payment of exercise price and tax liability associated with the exercise of stock options that were originally granted on March 16, 2022.
- F3. 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.
- F4. Represents grant of employee stock options that vested 1/3rd on the first anniversary of the grant date of March 16, 2022, (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: 150,000 shares
Tax-withholding shares: 130,260 shares
Strike price grant 2022: $6.74/share
+3 more
6 metrics
Options exercised
150,000 shares
Employee stock options converted to common stock on transaction date
Tax-withholding shares
130,260 shares
Shares delivered to cover exercise price and tax liability
Strike price grant 2022
<money>$6.74</money>/share
Exercise price for 90,000 options
Strike price grant 2021
<money>$7.86</money>/share
Exercise price for 60,000 options
Withholding reference price
<money>$9.18</money>/share
Price for 130,260 shares used to pay costs
Post-transaction holdings
1,587,622 shares
Direct common stock owned after transactions
Key Terms
Employee Stock Option (Right to Buy), tax-withholding disposition, derivative exercise/conversion, derivative security, +1 more
5 terms
Employee Stock Option (Right to Buy) financial
"security_title: Employee Stock Option (Right to Buy)"
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.
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion"
derivative security financial
"transaction_code_description: 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.
vested financial
"options vested 1/3rd on the first anniversary and remaining 2/3rds monthly"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did ASURE SOFTWARE INC (ASUR) report for Patrick Goepel?
Patrick Goepel exercised employee stock options for 150,000 Asure Software shares and had 130,260 shares withheld to cover exercise price and tax liabilities, resulting in updated direct ownership of 1,587,622 common shares.
How many Asure Software (ASUR) options did the CEO exercise and at what prices?
Patrick Goepel exercised 150,000 employee stock options, including 90,000 options at a strike price of $6.74 per share and 60,000 options at $7.86 per share, converting these derivative awards into common stock on the reported transaction date.
What were the tax-withholding dispositions in the latest ASUR Form 4?
Two tax-withholding dispositions occurred, totaling 130,260 shares at $9.18 per share. These shares were delivered back to Asure Software to satisfy the exercise price and tax liabilities tied to previously granted stock options, not sold on the open market.
Were the Asure Software (ASUR) CEO’s options fully vested before exercise?
Footnotes indicate the exercised options were from grants dated May 13, 2021 and March 16, 2022, which vested one-third on the first anniversary and the remaining two-thirds in equal monthly installments over the following two years, completing vesting on the third anniversary.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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