Schwichtenberg Paul 4

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.