Schwichtenberg Paul 4

What Happened

• Paul Schwichtenberg, President and COO of Assertio Holdings, had restricted stock units (RSUs) vest on February 7, 2026. The filing shows conversion/exercise of 1,666 derivative units into 1,666 shares (code M), and 825 shares were withheld to cover tax withholding (code F) at $12.74 per share, totaling $10,511. This was a compensation/vesting event, not an open‑market purchase.

Key Details

• Transaction date: February 7, 2026; Form 4 filed February 10, 2026 (no late-filing flag shown).
• Shares converted/issued: 1,666 (conversion of derivative/RSU); Shares withheld for taxes: 825 at $12.74 ($10,511).
• Share amounts have been adjusted for a 1-for-15 reverse stock split effective December 26, 2025 (footnote F1).
• Footnotes: F2 = shares withheld for taxes; F3/F4 = settlement of vested RSUs and standard 1/3 vesting schedule (Feb 7, 2025, 2026, 2027); F5 = derivative securities were granted and no cash consideration was paid.
• Shares owned after the transaction are not specified in the provided excerpt.

Context

• This was a routine RSU vesting and tax-withholding transaction (often called a cashless settlement), not a discretionary purchase or sale in the open market. Withholding to cover taxes is common with equity compensation and should not be read as a market sentiment trade.