SEC FORM 4

SEC FORM 4 SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

STONEHILL CAPITAL MANAGEMENT LLC

(Last)

(First)

(Middle)

320 PARK AVENUE

26TH FLOOR

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	03/24/2025		A		8,696		⁽²⁾	⁽²⁾	Common Stock	8,696	$0	8,696	I	See Footnotes⁽²⁾⁽³⁾

1. Name and Address of Reporting Person^*

STONEHILL CAPITAL MANAGEMENT LLC

(Last)

(First)

(Middle)

320 PARK AVENUE

26TH FLOOR

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

STONEHILL MASTER FUND LTD.

(Last)

(First)

(Middle)

C/O STONEHILL CAPITAL MANAGEMENT LLC

320 PARK AVENUE, 26TH FLOOR

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

STONEHILL INSTITUTIONAL PARTNERS LP

(Last)

(First)

(Middle)

C/O STONEHILL CAPITAL MANAGEMENT LLC

320 PARK AVENUE, 26TH FLOOR

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

MOTULSKY JOHN

(Last)

(First)

(Middle)

C/O STONEHILL CAPITAL MANAGEMENT LLC

320 PARK AVENUE, 26TH FLOOR

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

SISITSKY PETER

(Last)

(First)

(Middle)

C/O STONEHILL CAPITAL MANAGEMENT LLC

320 PARK AVENUE, 26TH FLOOR

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

THOYER MICHAEL

(Last)

(First)

(Middle)

C/O STONEHILL CAPITAL MANAGEMENT LLC

320 PARK AVENUE, 26TH FLOOR

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Stern Michael Lenard

(Last)

(First)

(Middle)

C/O STONEHILL CAPITAL MANAGEMENT LLC

320 PARK AVENUE, 26TH FLOOR

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Arora Samir

(Last)

(First)

(Middle)

C/O STONEHILL CAPITAL MANAGEMENT LLC

320 PARK AVENUE, 26TH FLOOR

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Zwahlen Garrett

(Last)

(First)

(Middle)

C/O STONEHILL CAPITAL MANAGEMENT LLC

320 PARK AVENUE, 26TH FLOOR

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

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.

	/s/ Paul Malek - Stonehill Capital Management LLC, by: Paul Malek, Authorized Signatory	03/26/2025
	/s/ Paul Malek - Stonehill Master Fund Ltd., by: Paul Malek, Authorized Signatory	03/26/2025
	/s/ Paul Malek - Stonehill Institutional Partners LP, by: Paul Malek, Authorized Signatory	03/26/2025
	/s/ Paul Malek, as Attorney-in-Fact for John Motulsky	03/26/2025
	/s/ Paul Malek, as Attorney-in-Fact for Peter Sisitsky	03/26/2025
	/s/ Paul Malek, as Attorney-in-Fact for Michael Thoyer	03/26/2025
	/s/ Paul Malek, as Attorney-in-Fact for Michael Lenard Stern	03/26/2025
	/s/ Paul Malek, as Attorney-in-Fact for Samir Arora	03/26/2025
	/s/ Paul Malek, as Attorney-in-Fact for Garrett Zwahlen	03/26/2025
	** Signature of Reporting Person	Date
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).
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SEC Form 4 filed by Director Stonehill Capital Management Llc