Sec Form 4 Filing - STONEHILL CAPITAL MANAGEMENT LLC @ Veradigm Inc. - 2024-02-28

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
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)
_____ 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)
02/28/2024
(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
Common Stock, par value $0.01 per share 02/28/2024 P 2,679,000 A $ 6.81 7,766,686 I See Footnotes ( 1 ) ( 2 )
Common Stock, par value $0.01 per share 02/28/2024 P 3,021,000 A $ 6.81 8,758,176 I See Footnotes ( 2 ) ( 3 )
Common Stock, par value $0.01 per share 02/29/2024 P 246,750 A $ 6.09 ( 4 ) 8,013,436 I See Footnotes ( 1 ) ( 2 )
Common Stock, par value $0.01 per share 02/29/2024 P 278,250 A $ 6.09 ( 4 ) 9,036,426 I See Footnotes ( 2 ) ( 3 )
Common Stock, par value $0.01 per share 03/01/2024 P 1,599,150 A $ 6 ( 5 ) 9,612,586 I See Footnotes ( 1 ) ( 2 )
Common Stock, par value $0.01 per share 03/01/2024 P 2,398,725 A $ 6 ( 5 ) 11,435,151 I See Footnotes ( 2 ) ( 3 )
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
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
STONEHILL INSTITUTIONAL PARTNERS LP
C/O STONEHILL CAPITAL MANAGEMENT LLC,
320 PARK AVENUE, 26TH FLOOR
NEW YORK, NY10022
X
MOTULSKY JOHN
C/O STONEHILL CAPITAL MANAGEMENT LLC,
320 PARK AVENUE, 26TH FLOOR
NEW YORK, NY10022
X
Sacks Jonathan S
C/O STONEHILL CAPITAL MANAGEMENT LLC,
320 PARK AVENUE, 26TH FLOOR
NEW YORK, NY10022
X
SISITSKY PETER
C/O STONEHILL CAPITAL MANAGEMENT LLC,
320 PARK AVENUE, 26TH FLOOR
NEW YORK, NY10022
X
THOYER MICHAEL
C/O STONEHILL CAPITAL MANAGEMENT LLC,
320 PARK AVENUE, 26TH FLOOR
NEW YORK, NY10022
X
Stern Michael Lenard
C/O STONEHILL CAPITAL MANAGEMENT LLC,
320 PARK AVENUE, 26TH FLOOR
NEW YORK, NY10022
X
Signatures
/s/ Stonehill Capital Management LLC, by Paul Malek, Authorized Signatory 03/04/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Held directly by Stonehill Master Fund Ltd (the "Master Fund").
( 2 )Stonehill Capital Management LLC ("Management") is the manager of Stonehill Institutional Partners, L.P. (the "Fund") and the Master Fund. John Motulsky, Jonathan Sacks, Peter Sisitsky, Michael Thoyer, Michael Stern, Samir Arora and Garrett Zwahlen are the managing members of Management. The reporting persons disclaim beneficial ownership of the reported securities except to the extent of any pecuniary interests therein, and this report shall not be deemed an admission that the reporting persons are the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
( 3 )Held directly by the Fund.
( 4 )The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $6.00 to $6.1474, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes 1 and 5 to this Form 4.
( 5 )The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.9310 to $6.0947, inclusive.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.