Pence John F 4

What Happened
John F. Pence, CFO of Asure Software, received an award of 60,000 performance-based shares (PSUs) on Feb 27, 2026. Of those, 38.89% (23,334 shares) vested immediately. To satisfy tax withholding on the vesting, a total of 6,071 shares were surrendered: 5,682 shares withheld at $7.76 on Feb 27, 2026 (value $44,092) and 389 shares withheld at $9.14 on Mar 1, 2026 (value $3,555). The PSU grant itself is an award (not a purchase) and the share disposals were routine tax withholdings, not open-market sales.

Key Details

• Award (A): 60,000 performance stock units granted on 2026-02-27.
• Tax withholding (F): 5,682 shares disposed at $7.76 on 2026-02-27 ($44,092) and 389 shares disposed at $9.14 on 2026-03-01 ($3,555); total tax withholding ≈ $47,647.
• Immediate vesting: 38.89% of the PSUs vested on the grant date (23,334 shares).
• Remaining vesting: the remainder vests in equal monthly installments beginning the first day of the calendar month after the grant (per filing/footnote).
• Footnotes: F1 explains the PSU vesting schedule and that 38.89% vested on the date; F2 confirms the withheld shares were used to pay tax liability on the RSUs settled from the PSUs.
• Filing date: Form 4 filed 2026-03-03. No late filing flag was indicated in the provided excerpt.

Context
This transaction is an equity award plus standard tax withholding. The award (PSUs) is not an open-market buy or sell that signals immediate bullish or bearish trading intent; the share disposals were solely to cover tax obligations (transaction code F). For retail investors, grants and subsequent standard tax withholdings are common compensation events and should be interpreted differently than voluntary insider purchases or sales.