Emany Sravan Kumar 4

What Happened
Emany Sravan Kumar, a director of Assertio Holdings, disposed of a total of 36,438 Company shares on June 16, 2026 in connection with Assertio's sale and merger. The Form 4 shows a 23,855-share disposition listed as a change of control and three derivative dispositions (1,753; 5,415; 5,415) to the issuer. Per the merger agreement footnotes, each outstanding share/derivative was converted into the right to receive $23.50 per share (the tender/merger price), so the cash value is roughly $856,000 before any applicable withholding taxes.

Key Details

• Transaction date: June 16, 2026 (Effective Time of the Merger)
• Report filed: Form 4 accession 0001104659-26-074749 (period/reporting date 2026-06-16) — filing appears contemporaneous with the transaction.
• Shares disposed: 23,855 shares (change of control disposition) plus 12,583 shares from derivative cancellations (1,753 + 5,415 + 5,415) = 36,438 total.
• Price: Offer Price $23.50 per share under the Merger Agreement; Form 4 shows $0.00 for the change-of-control line but footnotes confirm cash-out at $23.50 less withholding.
• Estimated proceeds: ~ $856,293 before withholding taxes (36,438 × $23.50).
• Nature of derivative disposals: Footnotes state unvested RSUs became fully vested then cancelled for cash; in-the-money stock options were cancelled for a cash payment equal to (Offer Price − exercise price) × shares.
• Shares owned after transaction: Not specified in the provided Form 4.
• Notable footnotes: Transactions were pursuant to the Agreement and Plan of Merger (May 13, 2026). Taxes/withholdings apply to cash payments.

Context
These were merger-related cash-outs and derivative cancellations — not open-market sales. The filings reflect the corporate acquisition process where each share/award was converted into the right to receive the agreed cash merger price. This type of disposition is administrative and related to the corporate transaction rather than a discretionary insider sale for personal trading.