[SCHEDULE 13G] ASURE SOFTWARE INC SEC Filing

Rhea-AI Filing Summary

Asure Software, Inc. received a Schedule 13G disclosing beneficial ownership by Calm Waters Partnership and Richard S. Strong. Calm Waters Partnership reports shared voting and dispositive power over 1,113,659 shares, representing 4.1% of the outstanding common stock. Richard S. Strong reports aggregate beneficial ownership of 1,423,290 shares, representing 5.2% of the class, including 309,631 shares of sole voting and dispositive power and shared voting/dispositive power over 1,113,659 shares.

The filing states the holdings are not intended to change or influence control of the issuer and includes a joint filing agreement. Contact information for the reporting persons is provided through counsel at Godfrey & Kahn, S.C.

Positive

• Required disclosure provided: Reporting persons filed a Schedule 13G with specific share counts and percentages.
• Passive intent certified: The filing includes a certification that the holdings are not intended to change or influence control.

Negative

• Concentrated shared voting power: Shared voting/dispositive power over 1,113,659 shares may indicate coordinated ownership influence.
• Individual crosses 5% threshold: Richard S. Strong reports 5.2% beneficial ownership, which is material and will attract investor attention.

Insights

Financial Analyst

TL;DR: A 5.2% beneficial stake by an individual and a 4.1% partnership stake have been disclosed as passive holdings.

The filing shows Richard S. Strong beneficially owns 5.2% of ASUR and Calm Waters Partnership holds 4.1% via shared power. For investors, a >5% beneficial owner triggers disclosure and monitoring by the market, but the certification of passive intent reduces immediate governance concerns. Shared voting power of 1,113,659 shares suggests coordinated ownership between the individual and the partnership, which could matter for future aggregated holdings. No transactions, purchase prices, or intent to influence control are disclosed, limiting further financial inference.

Corporate Governance Expert

TL;DR: The report is a routine Schedule 13G showing passive ownership but reveals potential coordination through shared voting power.

Schedule 13G is used for passive investors; the certification here states no intent to influence control. However, the overlap of shared voting/dispositive power (1,113,659 shares) between Calm Waters Partnership and Richard S. Strong indicates coordination that investors and proxy advisors may note. The filing includes a joint filing agreement and standard contact details, meeting disclosure requirements. There is no indication of planned nominations, activist campaigns, or transactions in this document.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

ASURE SOFTWARE INC

(Name of Issuer)

Common Stock Par Value $0.01

(Title of Class of Securities)

04649U102

(CUSIP Number)

09/16/2025

(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)

SCHEDULE 13G

CUSIP No. 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 1,113,659.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,113,659.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,113,659.00

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)

4.1 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 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 1,113,659.00
7	Sole Dispositive Power 309,631.00
8	Shared Dispositive Power 1,113,659.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,423,290.00

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)

5.2 %

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.: 04649U102
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.
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:	09/17/2025

STRONG RICHARD S

Signature:	/s/ Richard S. Strong
Name/Title:	Richard S. Strong
Date:	09/17/2025

Exhibit Information

Joint Filing Agreement

FAQ

What percentage of ASUR does Richard S. Strong beneficially own?

Richard S. Strong reports beneficial ownership of 1,423,290 shares, representing 5.2% of the class.

How many ASUR shares does Calm Waters Partnership report?

Calm Waters Partnership reports shared voting and dispositive power over 1,113,659 shares, representing 4.1% of the class.

Does the filing indicate an intent to influence control of ASUR?

No; the certification states the securities were not acquired and are not held for the purpose of changing or influencing control.

Where can investors contact the reporting persons for more information?

Contact is provided c/o Godfrey & Kahn, S.C., 833 East Michigan Street, Suite 1800, Milwaukee, WI 53202 as listed in the filing.

What filing form was submitted for ASUR?

A Schedule 13G was filed for ASURE SOFTWARE INC (CUSIP 04649U102) dated in the filing cover pages.