Patel Ajay 4

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.