Michael Kim - 05 Sep 2024 Form 4 Insider Report for AssetMark Financial Holdings, Inc. (AMK)

Role
CEO and President, Director
Signature
/s/ Celeste Angelich, as Attorney-in-Fact, for Michael Kim
Issuer symbol
AMK
Transactions as of
05 Sep 2024
Transactions value $
-$13,874,471
Form type
4
Date filed
06 Sep 2024, 16:04
Previous filing
03 Sep 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMK Common Stock Disposed to Issuer -$12.5M -356K -100% $35.25 0 05 Sep 2024 Direct F1, F2
transaction AMK Common Stock Disposed to Issuer -$1.33M -37.8K -100% $35.25 0 05 Sep 2024 By the Kim Family Charitable Remainder Trust, dated August 24, 2024. F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AMK Employee Stock Option (right to buy) Disposed to Issuer -62.1K -100% 0 05 Sep 2024 Common Stock 62.1K Direct F4
transaction AMK Stock Appreciation Right Disposed to Issuer -38K -100% 0 05 Sep 2024 Common Stock 38K Direct F5
transaction AMK Stock Appreciation Right Disposed to Issuer -166K -100% 0 05 Sep 2024 Common Stock 166K Direct F5
transaction AMK Stock Appreciation Right Disposed to Issuer -117K -100% 0 05 Sep 2024 Common Stock 117K Direct F5
transaction AMK Stock Appreciation Right Disposed to Issuer -197K -100% 0 05 Sep 2024 Common Stock 197K Direct F5
transaction AMK Stock Appreciation Right Disposed to Issuer -88.4K -100% 0 05 Sep 2024 Common Stock 88.4K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Michael Kim is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents shares disposed of as a result of the merger pursuant to the previously announced Agreement and Plan of Merger, dated as of April 25, 2024, by and among AssetMark Financial Holdings, Inc., GTCR Everest Borrower, LLC and GTCR Everest Merger Sub, Inc. (the "Merger Agreement"). Pursuant to the Merger Agreement, at the effective time of the merger contemplated thereby (the "Effective Time"), each share of common stock held by the reporting person was converted automatically into the right to receive $35.25 per share in cash (the "Merger Consideration").
F2 Includes shares of common stock underlying restricted stock units. Pursuant to the Merger Agreement, at the Effective Time, each restricted stock unit held by the reporting person was canceled and converted automatically into the right to receive the Merger Consideration.
F3 Shares held by the Kim Family Charitable Remainder Trust, dated August 24, 2024, of which the Reporting Person and the Reporting Person's spouse are co-trustees.
F4 Pursuant to the Merger Agreement, at the Effective Time, each stock option with respect to shares of common stock held by the reporting person was canceled and converted automatically into the right to receive an amount in cash equal to, with respect to each share of common stock underlying such stock option, the excess (if any) of the Merger Consideration over the applicable exercise price.
F5 Pursuant to the Merger Agreement, at the Effective Time, each stock appreciation right with respect to shares of common stock held by the reporting person was canceled and converted automatically into the right to receive an amount in cash equal to, with respect to each stock appreciation right, the excess (if any) of the Merger Consideration over the applicable exercise price.