Stonehill Institutional Partners Form 4/A Veradigm / PETER SISITSKY ownership change

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).

1. Name and Address of Reporting Person^*

STONEHILL CAPITAL MANAGEMENT LLC

(Last) (First) (Middle)

320 PARK AVENUE

26TH FLOOR

(Street)

NEW YORK NY 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)
03/04/2024

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)
			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 (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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

STONEHILL CAPITAL MANAGEMENT LLC

(Last) (First) (Middle)

320 PARK AVENUE

26TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

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 NY 10022

(City) (State) (Zip)

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 NY 10022

(City) (State) (Zip)

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 NY 10022

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Sacks Jonathan S

(Last) (First) (Middle)

C/O STONEHILL CAPITAL MANAGEMENT LLC

320 PARK AVENUE, 26TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

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 NY 10022

(City) (State) (Zip)

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 NY 10022

(City) (State) (Zip)

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 NY 10022

(City) (State) (Zip)

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 NY 10022

(City) (State) (Zip)

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 NY 10022

(City) (State) (Zip)

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.

Remarks:

This amendment to the Form 4 filed on March 4, 2024 (the "Original Form 4") is being filed to add Stonehill Master Fund Ltd. (the "Master Fund"), Samir Arora and Garrett Zwahlen as additional reporting persons. The Master Fund, Mr. Arora and Mr. Zwahlen were named in the explanation of responses in the Original Form 4 and signed the Joint Filer Information and Signatures filed with the Original Form 4 as Exhibit 99.1, but were not included as reporting persons as they did not have codes to make filings on the EDGAR system.

	/s/ Paul Malek, Stonehill Capital Management LLC, by: Paul Malek, Authorized Signatory	03/15/2024
	** Signature of Reporting Person	Date
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