GILL DANIEL M 4

What Happened

• Daniel M. Gill, a director of Asure Software, exercised 5,000 stock options on 2026-05-12. The exercise resulted in acquisition of 5,000 shares (reported at $7.86 per share, total ≈ $39,300). To cover the exercise price/tax withholding, 4,581 of those shares were withheld (reported as a disposition at $8.58 per share, ≈ $39,305). Net shares retained from this transaction equal 419 shares (5,000 acquired − 4,581 withheld). An additional reporting line shows the underlying derivative instrument was converted/terminated in the exercise.

Key Details

• Transaction date: 2026-05-12 (Form 4 filed 2026-05-14 — timely filing)
• Option exercise (code M): 5,000 shares acquired @ $7.86 (total ≈ $39,300)
• Tax/price-withholding (code F): 4,581 shares withheld/disposed @ $8.58 (≈ $39,305)
• Net shares retained from this transaction: 419 shares
• Footnotes: F1 — withholding represents payment of exercise price for options granted May 13, 2021. F2 — those options vested 1/3 on the first anniversary of the grant (May 13, 2021) and the remaining 2/3 over the next two years (fully vested by the third anniversary).
• Transaction codes: M = exercised option/derivative; F = payment of exercise price/tax withholding.
• Filing timeliness: Reported within two days of the transaction (not late).

Context

• This was an exercise of previously granted options with shares withheld to cover the exercise price/taxes — a routine, cashless/net-share settlement method. Such withholding is common and does not necessarily indicate a directional buy/sell signal. The filing documents the mechanics of converting vested options into shares rather than an open-market purchase or sale.