Goepel Patrick 4
4 · ASURE SOFTWARE INC · Filed May 11, 2026
Research Summary
AI-generated summary of this filing
ASURE (ASUR) CEO Patrick Goepel Exercises Options
What Happened
Patrick Goepel, Chairman, CEO and a director of ASURE SOFTWARE INC (ASUR), exercised employee stock options on May 7, 2026. He exercised 60,000 options at $7.86 and 90,000 options at $6.74 (total 150,000 shares), paying $1,078,200 in exercise price. To satisfy the exercise price and related tax withholding, 54,768 and 75,492 shares were surrendered/withheld at $9.18 per share (total 130,260 shares, proceeds $1,195,787). As a result, the filing shows a net increase of 19,740 shares to his holdings. Transaction codes: M = option exercise/derivative conversion; F = shares withheld for exercise price/taxes.
Key Details
- Transaction date: May 7, 2026; Form 4 filed May 11, 2026 (timely within required reporting window).
- Exercise details: 60,000 shares @ $7.86 (cost $471,600) and 90,000 shares @ $6.74 (cost $606,600) — total cost $1,078,200.
- Withheld/surrendered to cover exercise price & taxes: 54,768 shares ($502,770) and 75,492 shares ($693,017) at $9.18/share — total value $1,195,787.
- Net new shares retained by insider: 150,000 exercised − 130,260 withheld = 19,740 shares.
- Footnotes: Withholding relates to options originally granted May 13, 2021 and March 16, 2022; both grants had standard 1/3 then monthly vesting over two years to the third anniversary.
- Shares owned after the transaction are not disclosed in this filing.
Context
- This was an option exercise with shares surrendered/withheld to cover exercise price and taxes (a common "cashless" or net-share settlement approach) rather than a separate open-market sale.
- Codes: M = exercised/conversion of derivative (options converted to shares, then extinguished); F = shares used to pay exercise price/tax obligations.
- These filings are factual records of insider activity and do not by themselves indicate the insider’s future view of the company.
Insider Transaction Report
- Exercise/Conversion
Asure Software, Inc. Common Stock ($0.01 par value)
2026-05-07$7.86/sh+60,000$471,600→ 1,587,622 total - Tax Payment
Asure Software, Inc. Common Stock ($0.01 par value)
[F1]2026-05-07$9.18/sh−54,768$502,770→ 1,532,854 total - Exercise/Conversion
Asure Software, Inc. Common Stock ($0.01 par value)
2026-05-07$6.74/sh+90,000$606,600→ 1,622,854 total - Tax Payment
Asure Software, Inc. Common Stock ($0.01 par value)
[F2]2026-05-07$9.18/sh−75,492$693,017→ 1,547,362 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
[F3]2026-05-07−60,000→ 0 totalExercise: $7.86Exp: 2026-05-13→ Asure Software, Inc. Common Stock ($0.01 par value) (60,000 underlying) - Exercise/Conversion
Employee Stock Option (Right to Buy)
[F4]2026-05-07−90,000→ 0 totalExercise: $6.74Exp: 2027-03-16→ Asure Software, Inc. Common Stock ($0.01 par value) (90,000 underlying)
Footnotes (4)
- [F1]These shares represent the payment of exercise price and tax liability associated with the exercise of stock options that were originally granted on May 13, 2021.
- [F2]These shares represent the payment of exercise price and tax liability associated with the exercise of stock options that were originally granted on March 16, 2022.
- [F3]Represents grant of employee stock options that vested 1/3rd on the first anniversary of the grant date of May 13, 2021, (the "Grant Date") and the remaining 2/3rds vested over a period of two years in equal monthly installments with the last such vesting date being the third anniversary of the Grant Date.
- [F4]Represents grant of employee stock options that vested 1/3rd on the first anniversary of the grant date of March 16, 2022, (the "Grant Date") and the remaining 2/3rds vested over a period of two years in equal monthly installments with the last such vesting date being the third anniversary of the Grant Date.