Goepel Patrick 4

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.