Patel Ajay 4
4 · Assertio Holdings, Inc. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Assertio (ASRT) CFO Ajay Patel Receives 2,778 Shares (RSU Vesting)
What Happened
Ajay Patel, EVP and CFO of Assertio Holdings (ASRT), received 2,778 shares on February 18, 2026 upon settlement of vested restricted stock units (RSUs). To cover tax withholding, 1,377 of those shares were surrendered at $11.87 each for a total tax-withholding value of $16,345. The RSUs converted at no cash cost to Patel (exercise/conversion code M with $0.00 consideration).
Key Details
- Transaction date: February 18, 2026; Form 4 filed February 20, 2026 (timely filing).
- Received: 2,778 shares via RSU settlement (derivative conversion, code M) at $0.00 consideration.
- Withheld for taxes: 1,377 shares (code F) at $11.87 each = $16,345.
- Net newly issued shares to Patel: 2,778 − 1,377 = 1,401 shares (approx. $16.6k based on $11.87/share).
- Shares owned after transaction: Not disclosed in the filing.
- Footnotes: These were RSUs (each unit = one share) that vested (one-third vests each Feb 18, 2026–2028). The derivative securities were granted and not purchased by the reporting person (no cash paid).
Context
This was a routine award settlement (vesting of RSUs) and a cashless tax-withholding arrangement, not an open-market purchase or sale. Derivative conversion (code M) shows the RSUs converted into shares; code F indicates shares were withheld to satisfy tax obligations. Such transactions are compensation-related and do not necessarily signal the insider’s market view.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-02-18+2,778→ 16,742 total - Tax Payment
Common Stock
[F1]2026-02-18$11.87/sh−1,377$16,345→ 15,365 total - Exercise/Conversion
Restricted Stock Units
[F2][F4][F3]2026-02-18−2,778→ 5,555 totalExercise: $0.00Exp: 2028-02-18→ Common Stock (2,778 underlying)
Footnotes (4)
- [F1]Represents shares of common stock withheld for payment of taxes upon the vesting of restricted stock units.
- [F2]Each restricted stock unit represents the contingent right to receive one share of common stock. This transaction represents the settlement of vested restricted stock units in shares of common stock.
- [F3]One-third of these restricted stock units vests on each of February 18, 2026, 2027 and 2028, assuming continued employment through the applicable vesting date.
- [F4]The derivative securities were granted to the reporting person, and were not sold to the reporting person. As such, the reporting person did not pay any consideration for the derivative securities.