Schwichtenberg Paul 4

4 · Assertio Holdings, Inc. · Filed Feb 20, 2026

AI-generated summary of this filing

Updated Feb 20, 2026

Assertio (ASRT) President Paul Schwichtenberg Receives RSUs, Withholds Shares

What Happened

Paul Schwichtenberg, President and COO of Assertio Holdings, had vested restricted stock units (RSUs) settled into common stock on February 18, 2026. The filing shows 2,778 shares resulted from the conversion/exercise of derivative/RSU awards (code M / F2).
To cover tax withholding, 1,377 shares were withheld (code F) at a reported value of $11.87 per share, totaling $16,345. The derivative/award had no exercise price (reported $0), meaning the shares were issued pursuant to prior grants rather than purchased for cash.

Key Details

Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (within the typical two-business-day Form 4 window).
Items reported:
- M: 2,778 shares acquired via exercise/conversion of derivative (reported $0 exercise price).
- F: 1,377 shares withheld for taxes at $11.87/share (tax withholding value $16,345).
- A subsequent M entry lists the derivative conversion/settlement corresponding to the RSU settlement.
Vesting note: These RSUs vest one-third on each of Feb 18, 2026, 2027 and 2028 (footnote F3).
Shares owned after the transaction: not specified in the excerpt provided.
Footnotes: F1 = shares withheld to pay taxes; F2 = RSU settlement in shares; F4 = derivative securities were granted (no cash paid).

Context

This is a routine RSU settlement with tax-withholding (not an open-market sale). Withholding shares to cover taxes is common and does not necessarily signal a buy/sell opinion.
The derivatives/RSUs appear to be compensation awards that vest over time; one-third vested and settled on Feb 18, 2026.

Form 4

Period: 2026-02-18

President and COO

Transactions

Exercise/Conversion
Common Stock
2026-02-18+2,778→ 14,787 total
Tax Payment
Common Stock
[F1]
2026-02-18$11.87/sh−1,377$16,345→ 13,410 total
Exercise/Conversion
Restricted Stock Units
[F2][F4][F3]
2026-02-18−2,778→ 5,555 total
Exercise: $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.

Signature

/s/ Sam Schlessinger, Attorney-in-Fact for Paul Schwichtenberg|2026-02-20

1 file