Assertio Holdings, Inc. — Director's Dealing 2023

May 16, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Assertio Holdings, Inc. (ASRT)
CIK: 0001808665
Period of Report: 2023-05-12

Reporting Person: Peisert Daniel A. (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-12	Common Stock	M	152067	—	Acquired	464431	Direct
2023-05-12	Common Stock	F	67365	$7.65	Disposed	397066	Direct
2023-05-12	Common Stock	M	400000	—	Acquired	797066	Direct
2023-05-12	Common Stock	F	177200	$7.65	Disposed	619866	Direct
2023-05-12	Common Stock	D	136525	$7.65	Disposed	483341	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-12	Restricted Stock Units	$0.0	M	152067	Disposed		Common Stock (152067.0)	Direct
2023-05-12	Performance-Based Restricted Stock Units	$0.0	M	400000	Disposed		Common Stock (400000.0)	Direct

Footnotes

F1: Each restricted stock unit represents the contingent right to receive one share of common stock. This transaction represents the settlement of vested restricted stock units in shares of common stock or a combination of shares of common stock and cash.

F2: Represents shares of common stock withheld for payment of taxes upon the vesting of restricted stock units.

F3: In accordance with SEC rules, the settlement of the restricted stock units for cash is reported on this Form 4 as an acquisition of the underlying common stock and a simultaneous disposition to the registrant for cash.

F4: On May 12, 2022, the reporting person was granted 456,204 restricted stock units. One-third of these restricted stock units are scheduled to vest on May 12, 2023, 2024, and 2025, assuming continued employment through the applicable vesting date.

F5: These derivative securities were granted to the reporting person, and were not sold to the reporting person. As such, the reporting person did not pay any consideration for these derivative securities.

F6: The restricted stock units were fully vested on May 12, 2023, as the trading price of the registrant's common stock exceeded certain stock price targets prior to the eighth calendar day after the registrant releases its earnings for the second quarter of 2025. After taking into effect the 177,200 shares of common stock withheld for payment of taxes, the remainder of the restricted stock unit grant was settled 136,525 shares in cash and 86,275 in shares of common stock.