Asure (ASUR) Director Ben F. Allen Exercises 5,000 Options

What Happened

• Ben F. Allen, a director of Asure Software Inc. (ASUR), exercised options (derivative transaction code M) on May 7, 2026 to acquire 5,000 common shares at an exercise price of $7.86 per share, for a total cash outlay of $39,300. The filing also shows a corresponding derivative conversion/disposition of 5,000 units at $0.00, which reflects the conversion/exercise of the derivative instrument rather than a market sale.

Key Details

• Transaction date: 2026-05-07
• Exercise: 5,000 shares acquired @ $7.86 each = $39,300
• Derivative conversion/disposition: 5,000 @ $0.00 (reflects conversion of the derivative security)
• Shares owned after transaction: Not specified in this filing
• Footnote: The options relate to a grant that vested 1/3 on May 13, 2022 and the remaining 2/3 vested monthly over the next two years (final vesting on May 13, 2024). (Footnote F1)
• Filing timeliness: Reported on Form 4 filed 2026-05-11 for a 2026-05-07 transaction — this meets the standard two-business-day reporting window.

Context

• This was an option exercise (conversion of a derivative) rather than an open-market purchase or sale. The filing shows no immediate cash sale of the acquired shares; the $0.00 disposed line represents the derivative conversion, not a sale proceeds entry. Exercises simply convert options to shares and do not necessarily indicate a buy/sell signal in the market.