Schlessinger Sam 4

What Happened
Sam Schlessinger, Executive Vice President and General Counsel of Assertio Holdings (ASRT), had 1,389 restricted stock units (RSUs) settle into 1,389 shares on Feb 7, 2026. Of those, 619 shares were withheld to cover taxes at $12.74 per share, generating $7,886; the remaining 770 shares were retained. The RSUs converted to shares (reported as exercise/conversion of a derivative) and the converted shares carried a $0.00 acquisition price because they were issued on vesting.

Key Details

• Transaction date: Feb 7, 2026; Form 4 filed Feb 10, 2026 (timely filing).
• Acquired: 1,389 shares via RSU settlement (reported as conversion of derivative, code M) at $0.00.
• Withheld/Disposed for taxes: 619 shares at $12.74 each, total $7,886 (code F).
• Net shares added to Schlessinger’s holdings: 770 shares (1,389 − 619).
• Footnotes of note:
  • Adjusted for a 1-for-15 reverse stock split (Dec 26, 2025).
  • Withholding represents shares retained by the company to pay taxes on vesting.
  • RSUs vest one-third each on Feb 7 of 2025, 2026 and 2027 (vesting schedule).
  • Derivative securities were granted and converted (no purchase price paid).
• No indication this was a voluntary open-market sale or purchase by the insider.

Context
This was a scheduled RSU vesting/settlement transaction — a common form of compensation for executives — not an open-market buy or discretionary sale. The tax withholding was handled by surrendering/retaining part of the vested shares (a cashless withholding), which reduces the number of shares actually delivered to the insider.