Sec Form 4 Filing - STONEHILL CAPITAL MANAGEMENT LLC @ Veradigm Inc. - 2025-03-24

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
STONEHILL CAPITAL MANAGEMENT LLC
2. Issuer Name and Ticker or Trading Symbol
Veradigm Inc. [ MDRX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
320 PARK AVENUE, 26TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
03/24/2025
(Street)
NEW YORK, NY10022
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units ( 1 ) 03/24/2025 A 8,696 ( 2 ) ( 2 ) Common Stock 8,696 $ 0 8,696 I See Footnotes ( 2 ) ( 3 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
STONEHILL CAPITAL MANAGEMENT LLC
320 PARK AVENUE
26TH FLOOR
NEW YORK, NY10022
X X
STONEHILL MASTER FUND LTD.
C/O STONEHILL CAPITAL MANAGEMENT LLC
320 PARK AVENUE, 26TH FLOOR
NEW YORK, NY10022
X X
STONEHILL INSTITUTIONAL PARTNERS LP
C/O STONEHILL CAPITAL MANAGEMENT LLC
320 PARK AVENUE, 26TH FLOOR
NEW YORK, NY10022
X X
MOTULSKY JOHN
C/O STONEHILL CAPITAL MANAGEMENT LLC
320 PARK AVENUE, 26TH FLOOR
NEW YORK, NY10022
X X
SISITSKY PETER
C/O STONEHILL CAPITAL MANAGEMENT LLC
320 PARK AVENUE, 26TH FLOOR
NEW YORK, NY10022
X X
THOYER MICHAEL
C/O STONEHILL CAPITAL MANAGEMENT LLC
320 PARK AVENUE, 26TH FLOOR
NEW YORK, NY10022
X X
Stern Michael Lenard
C/O STONEHILL CAPITAL MANAGEMENT LLC
320 PARK AVENUE, 26TH FLOOR
NEW YORK, NY10022
X X
Arora Samir
C/O STONEHILL CAPITAL MANAGEMENT LLC
320 PARK AVENUE, 26TH FLOOR
NEW YORK, NY10022
X X
Zwahlen Garrett
C/O STONEHILL CAPITAL MANAGEMENT LLC
320 PARK AVENUE, 26TH FLOOR
NEW YORK, NY10022
X X
Signatures
/s/ Paul Malek - Stonehill Capital Management LLC, by: Paul Malek, Authorized Signatory 03/26/2025
Signature of Reporting Person Date
/s/ Paul Malek - Stonehill Master Fund Ltd., by: Paul Malek, Authorized Signatory 03/26/2025
Signature of Reporting Person Date
/s/ Paul Malek - Stonehill Institutional Partners LP, by: Paul Malek, Authorized Signatory 03/26/2025
Signature of Reporting Person Date
/s/ Paul Malek, as Attorney-in-Fact for John Motulsky 03/26/2025
Signature of Reporting Person Date
/s/ Paul Malek, as Attorney-in-Fact for Peter Sisitsky 03/26/2025
Signature of Reporting Person Date
/s/ Paul Malek, as Attorney-in-Fact for Michael Thoyer 03/26/2025
Signature of Reporting Person Date
/s/ Paul Malek, as Attorney-in-Fact for Michael Lenard Stern 03/26/2025
Signature of Reporting Person Date
/s/ Paul Malek, as Attorney-in-Fact for Samir Arora 03/26/2025
Signature of Reporting Person Date
/s/ Paul Malek, as Attorney-in-Fact for Garrett Zwahlen 03/26/2025
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
( 2 )Award of Restricted Stock Units granted under the Veradigm, Inc. 2024 Veradigm Stock Incentive Plan to Jonathan Sacks, a Partner at Stonehill Capital Management LLC and a director of the Issuer, on March 24, 2025. The award vests 100% on May 31, 2025.
( 3 )The Reporting Persons disclaim beneficial ownership of the securities reported on this Form 4, except to the extent of any pecuniary interest. The Reporting Persons may be deemed to have an indirect pecuniary interest in the RSUs pursuant to their arrangements with Mr. Sacks.

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