Schlessinger Sam 4

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

AI-generated summary of this filing

Updated Feb 20, 2026

Assertio (ASRT) EVP Sam Schlessinger Vests RSUs, Sells 1,239 Shares

What Happened

Sam Schlessinger, EVP and General Counsel of Assertio Holdings (ASRT), had 2,778 restricted stock units (RSUs) convert to common shares on February 18, 2026. The RSUs were settled with no cash paid by the reporting person (exercise/conversion at $0.00).
To cover tax withholding on the vesting, 1,239 shares were withheld/sold at $11.87 per share, producing proceeds of $14,707. The filing records both the conversion of the derivative RSUs into shares and the share withholding for taxes.

Key Details

Transaction date: February 18, 2026; Filing date: February 20, 2026 (timely).
Conversion: 2,778 RSUs converted to 2,778 shares (exercise/conversion code M) at $0.00 consideration.
Tax withholding: 1,239 shares withheld/disposed at $11.87 each for total proceeds of $14,707 (code F).
Shares owned after transaction: Not disclosed in the provided filing.
Relevant footnotes:
- F1: Shares were withheld to pay taxes on vesting.
- F2/F3: Each RSU converts to one share; these RSUs vest one-third on Feb 18 of 2026, 2027, and 2028.
- F4: The derivative securities were granted (no purchase price paid by the reporting person).

Context

This was a routine RSU vesting and tax-withholding event rather than an open-market purchase or voluntary sale. The withholding (sometimes called a cashless settlement) is common to satisfy tax obligations when equity awards vest.
No purchase by the insider occurred (no bullish purchase signal); the filing documents compensation-related equity settlement and withholding only.

Form 4

Period: 2026-02-18

EVP, General Counsel

Transactions

Exercise/Conversion
Common Stock
2026-02-18+2,778→ 15,344 total
Tax Payment
Common Stock
[F1]
2026-02-18$11.87/sh−1,239$14,707→ 14,105 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|2026-02-20

1 file