Oberwager Bradford Scovill 4

What Happened

• Bradford Scovill Oberwager, a director of Asure Software, exercised 1,932 stock options on Feb 3, 2026. The exercise reported an aggregate exercise-price amount of $15,186 (1,932 shares @ $7.86).
• To cover the exercise price and/or tax withholding, 1,601 shares were withheld/disposed (reported at $9.49 per share, aggregate $15,193). A separate derivative-disposition line (1,932 shares @ $0.00) reflects conversion of the options into common shares.
• Net result: 1,932 options converted into 1,932 shares, 1,601 of which were withheld to satisfy payment/taxes, leaving a net gain of 331 shares for the insider. This is a routine option exercise/cashless-withholding transaction rather than an open-market purchase.

Key Details

• Transaction date: 2026-02-03; filing date: 2026-02-05 (filed within the usual 2-business-day window).
• Lines reported:
  • Exercise (M): 1,932 shares @ $7.86 = $15,186 (acquired)
  • Tax/exercise payment via withholding (F): 1,601 shares @ $9.49 = $15,193 (disposed)
  • Derivative conversion (M): 1,932 shares @ $0.00 = $0 (disposition/option conversion)
• Net shares received: 331 (1,932 exercised − 1,601 withheld).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: The withheld shares represent payment of exercise price/taxes for options originally granted May 13, 2021. Those options vested 1/3 on the first anniversary and the remaining 2/3 over the next two years in equal monthly installments, with full vesting on the third anniversary.

Context

• This was a cashless/stock-withholding exercise: options were converted to shares and a portion of shares was withheld to cover exercise cost and/or tax withholding — a common, administrative transaction that doesn't necessarily signal a change in the insider's view of the company.
• The amounts are modest (~$15k), so this is a small-dollar insider exercise rather than a large buy or sell.