Patel Ajay 4

What Happened

• Ajay Patel, Assertio Holdings’ EVP and CFO, had restricted stock units vest and convert into common shares on Feb 7, 2026. The Form 4 shows two conversion/settlement entries of 1,666 shares each (total 3,332 shares issued) and a withholding of 825 shares to cover tax liability at $12.74 per share (825 × $12.74 = $10,511).
• These transactions are settlements of RSUs (an award), not open-market purchases or discretionary sales. The withholding of 825 shares is a routine tax-payment disposition.

Key Details

• Transaction date: February 7, 2026; Form 4 filed February 10, 2026 (reports transactions dated Feb 7).
• Reported entries: two "exercise/conversion of derivative (M)" for 1,666 shares each; one "payment of exercise price or tax liability (F)" for 825 shares at $12.74 (aggregate $10,511).
• Shares owned after the transactions: not specified in the information provided on this summary.
• Notable footnotes:
  • Reverse 1-for-15 stock split applied to all reported share amounts (F1).
  • Withholding represents shares surrendered to pay taxes on RSU vesting (F2).
  • These transactions reflect settlement of vested restricted stock units (each RSU = 1 share) under a multi-year vesting schedule (one‑third vesting on Feb 7, 2025, 2026, 2027) (F3, F4).
  • The derivative securities were granted (no cash paid by the reporting person for the grant) (F5).
• No indication in the filing that this was part of a 10b5-1 plan or that the filing was late.

Context

• This is a routine RSU vesting and partial cashless tax-withholding transaction, not an open-market buy or sell intended to express a view on the company. The conversion entries reflect issuance/settlement of awarded units; the withheld shares simply satisfy tax obligations.