Calm Waters & Richard Strong report 9.7% stake in Asure Software (ASUR)

Rhea-AI Filing Summary

Asure Software Inc ownership update: Calm Waters Partnership reports shared beneficial ownership of 2,456,369 shares (cover date 03/31/2026), representing 8.6% of the class. Reporting person Richard S. Strong reports total beneficial ownership of 2,766,000 shares, or 9.7%.

The filing is an amendment to a Schedule 13G/A and includes a joint filing agreement; signatures are dated 04/09/2026.

Insights

Institutional Ownership Analyst

Major holder reports near-double-digit stake via shared dispositive power.

Calm Waters Partnership is shown with 2,456,369 shares of shared voting and dispositive power as of 03/31/2026, equal to 8.6% of the class. Richard S. Strong reports combined holdings of 2,766,000 shares (9.7%).

These figures reflect beneficial‑ownership disclosures under Schedule 13G/A; the filing updates prior reporting and is tagged as an amendment. Further changes will appear in subsequent ownership amendments.

Corporate Governance Specialist

Shared dispositive authority indicates ownership through an entity structure rather than sole control.

The cover-page breakdown shows shared voting and dispositive power for the partnership positions, while Mr. Strong reports both sole and shared powers (sole vote: 309,631 shares; shared vote: 2,456,369 shares).

This pattern suggests holdings are held via the partnership entity; any governance impact depends on whether shares are voted jointly or per standing agreement in the joint filing agreement referenced in the exhibit.

Key Figures

Calm Waters shared holdings: 2,456,369 shares Calm Waters ownership %: 8.6% Richard S. Strong total holdings: 2,766,000 shares +3 more

6 metrics

Calm Waters shared holdings 2,456,369 shares shared voting/dispositive power, cover date 03/31/2026

Calm Waters ownership % 8.6% percent of class, cover date 03/31/2026

Richard S. Strong total holdings 2,766,000 shares total beneficial ownership reported, cover date 03/31/2026

Richard S. Strong ownership % 9.7% percent of class, cover date 03/31/2026

Richard S. Strong sole voting power 309,631 shares sole voting and sole dispositive power reported on cover page

Filing type Schedule 13G/A amendment Amendment No. 2 with signatures dated 04/09/2026

Key Terms

Schedule 13G/A, beneficially owned, shared dispositive power

3 terms

Schedule 13G/A regulatory

"Amendment No. 2 ) ASURE SOFTWARE INC Common Stock"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially owned financial

"Amount beneficially owned: See responses to Item 9 of the cover pages."

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared dispositive power regulatory

"Shared Dispositive Power 2,456,369.00"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

ASURE SOFTWARE INC

(Name of Issuer)

Common Stock Par Value $0.01

(Title of Class of Securities)

04649U102

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 04649U102

1

Names of Reporting Persons

CALM WATERS PARTNERSHIP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

WISCONSIN

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,456,369.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,456,369.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,456,369.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.6 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 04649U102

1

Names of Reporting Persons

STRONG RICHARD S

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 309,631.00
6	Shared Voting Power 2,456,369.00
7	Sole Dispositive Power 309,631.00
8	Shared Dispositive Power 2,456,369.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,766,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.7 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ASURE SOFTWARE INC
(b)	Address of issuer's principal executive offices: 405 COLORADO ST, #1800, AUSTIN, TEXAS, 78701.
Item 2.
(a)	Name of person filing: Calm Waters Partnership Richard S. Strong
(b)	Address or principal business office or, if none, residence: All reporting persons may be contacted at: c/o Godfrey & Kahn, S.C. 833 East Michigan Street, Suite 1800 Milwaukee, WI 53202
(c)	Citizenship: Calm Waters Partnership is a Wisconsin general partnership. Richard S. Strong is a United States citizen.
(d)	Title of class of securities: Common Stock Par Value $0.01
(e)	CUSIP No.:
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See responses to Item 9 of the cover pages.
(b)	Percent of class: See responses to Item 11 of the cover pages.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: For information on voting and dispositive power with respect to the above listed shares, see Items 5-9 on the Cover Pages.
	(ii) Shared power to vote or to direct the vote: For information on voting and dispositive power with respect to the above listed shares, see Items 5-9 on the Cover Pages.
	(iii) Sole power to dispose or to direct the disposition of: For information on voting and dispositive power with respect to the above listed shares, see Items 5-9 on the Cover Pages.
	(iv) Shared power to dispose or to direct the disposition of: For information on voting and dispositive power with respect to the above listed shares, see Items 5-9 on the Cover Pages.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

CALM WATERS PARTNERSHIP

Signature:	/s/ Richard S. Strong
Name/Title:	Managing Partner
Date:	04/09/2026

STRONG RICHARD S

Signature:	/s/ Richard S. Strong
Name/Title:	Richard S. Strong
Date:	04/09/2026

Exhibit Information

Exhibit 1 - Joint Filing Agreement (incorporated by reference to Exhibit 1 of the Reporting Persons' Schedule 13G filed with the SEC on September 17, 2025) https://www.sec.gov/Archives/edgar/data/884144/000089271225000104/exhibit.htm

FAQ

What stake does Calm Waters Partnership hold in ASUR?

Calm Waters Partnership reports shared beneficial ownership of 2,456,369 shares, representing 8.6% of the class as of 03/31/2026. The filing lists shared voting and dispositive power for those shares under the Schedule 13G/A amendment.

How many shares does Richard S. Strong beneficially own in ASUR?

Richard S. Strong reports total beneficial ownership of 2,766,000 shares, equal to 9.7% of the class as of 03/31/2026. The cover-page shows both sole and shared voting and dispositive powers attributed to him.

What type of filing was submitted for ASUR ownership changes?

The reporting was submitted as an Amendment to Schedule 13G/A updating beneficial-ownership details. It includes a joint filing agreement referenced in the exhibit and signatures dated 04/09/2026.

Does the filing show sole voting power for the reported shares?

The partnership reports no sole voting power for the 2,456,369 shares; Richard S. Strong reports 309,631 shares of sole voting power and shared power for the remainder, per the cover-page breakdown.