ETRACS Alerian MLP Index ETN Series B due July 18, 2042 424B Filings

UBS AG is offering $300,000 in Trigger Autocallable Contingent Yield Notes linked to the common stock of ServiceNow, Inc. The Notes mature on February 25, 2027 and pay contingent coupons only if the underlying closing level meets the coupon barrier on observation dates. If an observation date prior to maturity equals or exceeds the initial level, the Notes will be automatically called and holders receive principal plus any contingent coupon on the related coupon payment date. If not called, repayment at maturity is contingent: if the final level is at or above the downside threshold, UBS will repay the principal; if below, holders suffer a loss equal to the underlying return, potentially losing all principal. All payments are subject to the creditworthiness of UBS.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the KraneShares CSI China Internet ETF due on or about February 25, 2027. The Notes pay contingent coupons only if observation-date closing levels meet a coupon barrier and may be automatically called early if an observation-date closing level is at or above the initial level.

The Notes repay principal at maturity only if the final level is at or above a disclosed downside threshold; if below that threshold, holders suffer a loss equal to the underlying return. Trade date is February 23, 2026, settlement is February 25, 2026. Minimum investment is 100 Notes ($1,000). The issuer’s creditworthiness determines any payments.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of ServiceNow, Inc., due on or about February 25, 2027. The trade date is February 23, 2026 with expected settlement on February 25, 2026. The Notes pay a contingent coupon only if the underlying closing level on an observation date is equal to or greater than the coupon barrier and include an automatic call if the underlying equals or exceeds the initial level on any observation date prior to the final valuation date. If not called, principal repayment at maturity is contingent: full principal is paid only if the final level is at or above the downside threshold; otherwise payment falls by the underlying return, potentially resulting in substantial loss or total loss. Minimum initial investment is 100 Notes at $10 per Note. The estimated initial value range on the trade date is between $9.42 and $9.67. All payments are "subject to the creditworthiness of UBS."

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to NVIDIA Corporation stock due February 25, 2027. The Notes pay contingent coupons only if the underlying closing level on observation dates meets a coupon barrier and may be automatically called early if the underlying equals or exceeds the initial level.

The Notes have a $10 principal amount per Note, a minimum purchase of 100 Notes ($1,000), an estimated initial value of $9.81 as of the trade date, and example terms showing a 23.30% per annum contingent coupon rate and a 75.00% downside threshold. If not called and the final level is below the downside threshold, repayment may be less than principal; in extreme cases you could lose all principal. Payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation due on or about February 25, 2027. The Notes pay periodic contingent coupons only if the underlying stock closes at or above the coupon barrier on observation dates and will be automatically called early if the underlying closes at or above the initial level on an observation date prior to the final valuation date.

If not called, principal repayment at maturity depends on the final level relative to a downside threshold (example: 75.00% of the initial level). The Notes have a $10 principal amount per Note, a minimum purchase of 100 Notes, trade date February 23, 2026, settlement February 25, 2026, and maturity February 25, 2027. The preliminary pricing supplement shows an estimated initial value range of $9.48 to $9.73 and a hypothetical contingent coupon rate of 20.51% per annum; if the final level is below the downside threshold, investors may suffer substantial or total loss of principal.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation due February 26, 2029. The Notes pay contingent coupons only when the underlying closing level meets a coupon barrier and may be automatically called on quarterly observation dates beginning after 12 months.

The Notes have a minimum investment of 100 Notes at $10 per Note, an estimated initial value of $9.69 on the trade date, and illustrative terms showing a 20.90% per annum contingent coupon and a downside threshold of $60.00 (60% of the initial level). Payments, including principal, are subject to UBS creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation with a trade date of February 23, 2026, expected settlement on February 25, 2026 and maturity on February 26, 2029. The notes pay contingent coupons only if the underlying’s closing level meets a coupon barrier on observation dates; they autocall quarterly (beginning ~12 months) if the underlying equals or exceeds the initial level.

If not called, principal repayment at maturity is contingent: full principal is returned if the final level is at or above the downside threshold; if below, repayment is reduced pro rata to the underlying return and investors can lose a significant portion or all principal. The preliminary pricing lists a minimum investment of 100 notes ($1,000), an estimated initial value range of $9.39 to $9.64 per $10 note, a cited contingent coupon rate of 20.37% per annum for the hypothetical example, and a downside threshold and coupon barrier shown as $60.00 (60.00% of the initial level).

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc. due February 25, 2028. The Notes pay contingent coupons only if the underlying closing level meets a coupon barrier on observation dates and may be automatically called early if the underlying closes at or above the initial level on any prior observation date. If not called and the final level is below the downside threshold, principal repayment at maturity is reduced pro rata to the underlying return, potentially resulting in a total loss.

The terms include a trade date of February 23, 2026, settlement on February 25, 2026, minimum investment of 100 Notes at $10 per Note, an estimated initial value of $9.78, and example figures showing a sample contingent coupon rate of 25.91% per annum and a downside threshold equal to 50% of the initial level. All payments are subject to UBS creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc. The notes have a trade date of February 23, 2026, expected settlement on February 25, 2026, final valuation on February 23, 2028, and maturity on February 25, 2028.

Each Note has a principal amount of $10 and a minimum investment of 100 Notes ($1,000). UBS expects the estimated initial value per Note to be between $9.42 and $9.67. The notes may pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates, are subject to automatic early call if the stock closes at or above the initial level on an observation date, and expose investors to downside market risk at maturity if the final level is below a downside threshold (examples use a 50.00% downside threshold and coupon barrier). Payments, including principal repayment, are subject to the creditworthiness of UBS. This is a preliminary pricing supplement; final terms will be set on the trade date and the Offering Documents must be delivered in final form before any sale.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to NVIDIA common stock due February 25, 2027. The Notes pay periodic contingent coupons only if the underlying closing level meets a coupon barrier on observation dates and may be automatically called early if the underlying equals or exceeds the initial level on any prior observation date.

If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold the principal amount of $10 per Note is paid; if below, repayment is reduced pro rata to the underlying return, potentially causing substantial or total loss. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc. with final maturity on February 25, 2028. Each Note has a principal amount of $10 and the offering is described with an illustrative contingent coupon rate of 10.11% per annum and an estimated initial value of $9.72 per Note.

The Notes pay a contingent coupon on each coupon payment date only if the closing level of the underlying stock on the applicable observation date meets or exceeds the coupon barrier; otherwise no coupon is paid. The Notes are automatically called early on any quarterly observation date (beginning after six months) if the closing level is equal to or greater than the initial level, in which case UBS pays principal plus any contingent coupon then due. If not called and the final level is below the downside threshold, repayment at maturity will be reduced proportionally to the underlying return and could result in the loss of all principal. All payments depend on UBS's creditworthiness.

UBS AG has released a Preliminary Pricing Supplement for $• Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, with trade date February 23, 2026, expected settlement February 25, 2026 and maturity on or about February 25, 2027.

The Notes pay periodic contingent coupons only if the closing level of the underlying is at or above a coupon barrier on observation dates and are autocallable if the underlying closes at or above the initial level on an observation date. If not called and the final level is below the downside threshold, principal repayment at maturity is reduced pro rata to the underlying return. Minimum investment is 100 Notes at $10 per Note; the estimated initial value range is $9.56 to $9.81 as of the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of CrowdStrike Holdings, Inc. The Notes mature on February 26, 2029 with a final valuation date of February 22, 2029. UBS will pay periodic contingent coupons only if the underlying closing level meets the coupon barrier on scheduled observation dates; coupons are otherwise unpaid. The Notes are subject to automatic early call on any quarterly observation date (beginning after six months) if the underlying closing level is at or above the initial level, in which case UBS pays principal plus any contingent coupon on the related call settlement date.

The Notes repay principal at maturity only if the final level is at or above the disclosed downside threshold ($60.00, equal to 60.00% of the initial level); if the final level is below that threshold, repayment falls below principal and may equal $10 multiplied by (1 + underlying return), potentially resulting in a complete loss. Trade date was February 23, 2026, settlement February 25, 2026. Minimum investment is 100 Notes (principal $1,000); estimated initial value per Note was $9.74. Example contingent coupon terms show a hypothetical 18.03% per annum rate (contingent coupon $0.4508 per $10 Note).

UBS AG offers a preliminary pricing supplement for $• Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc., with trade date February 23, 2026, settlement February 25, 2026 and expected maturity on or about February 25, 2028. The Notes pay periodic contingent coupons only if the underlying stock meets a coupon barrier on observation dates, feature quarterly observation dates beginning after six months and include an automatic call if the stock equals or exceeds the initial level on any observation date.

The Notes have a principal amount of $10 per Note in the examples, a minimum investment of 100 Notes ($1,000), an example contingent coupon rate of 9.65% per annum and an estimated initial value range of $9.42 to $9.67 as of the trade date. Payments, including any contingent coupons or repayment of principal, are subject to the creditworthiness of UBS.

UBS AG is offering $620,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Meta Platforms, Inc. The Notes mature on February 26, 2029 with a final valuation date of February 22, 2029 and may be called quarterly beginning about six months after the trade date.

The Notes pay periodic contingent coupons only if the underlying closing level meets or exceeds the coupon barrier on an observation date; otherwise no coupon is paid. If not called and the final level is below the downside threshold, principal repayment will be contingent and may be reduced by the percentage decline in the underlying asset, potentially causing a loss of all principal. Payments are subject to UBS's creditworthiness. The offering lists a minimum investment of 100 Notes ($1,000) and an estimated initial value of $9.74 per Note as of the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of CrowdStrike Holdings, Inc. The trade date is February 23, 2026, settlement date is February 25, 2026, final valuation date is February 22, 2029, and maturity is February 26, 2029.

Each Note has a principal amount of $10 and a minimum purchase of 100 Notes ($1,000). The preliminary estimated initial value range is $9.36 to $9.61 per Note. The Notes may pay periodic contingent coupons and may be automatically called quarterly (beginning after six months) if the underlying closing level meets the initial level. If not called and the final level is below the downside threshold, repayment at maturity may be less than principal and could result in a full loss; all payments are subject to the creditworthiness of UBS AG.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Micron Technology stock maturing on February 26, 2029. The Notes pay a contingent coupon only if the underlying closing level on an observation date meets or exceeds the coupon barrier and will autocall quarterly (beginning after six months) if the closing level meets or exceeds the initial level.

The Notes have a $10 principal per Note, an illustrative contingent coupon rate of 23.71% per annum (contingent coupon $0.5928 per $10 Note), a downside threshold of $50.00 (50% of the initial level), an estimated initial value of $9.68, and minimum investment of 100 Notes ($1,000). Repayment of principal at maturity is contingent on the final level and subject to the creditworthiness of UBS; you may lose a significant portion or all of your investment.

UBS AG is offering preliminary Trigger Autocallable Contingent Yield Notes linked to the common stock of Meta Platforms, Inc., with an expected maturity on February 26, 2029. The offering is preliminary and final terms will be set on the trade date.

The Notes pay periodic contingent coupons only if the underlying closing level meets a coupon barrier on observation dates, are automatically callable if the underlying equals or exceeds the initial level on any quarterly observation (beginning ~6 months), and repay principal at maturity only if the final level is at or above a stated downside threshold. Example illustrative terms show a $10 principal per Note, a hypothetical contingent coupon rate of 9.85% per annum, a coupon barrier at $70.00 (70% of initial), and a downside threshold at $60.00 (60% of initial).

UBS AG files a preliminary pricing supplement to offer Trigger Autocallable Contingent Yield Notes linked to Micron Technology common stock. The Notes pay periodic contingent coupons only if the underlying's closing level meets a coupon barrier and may be autocalled quarterly if the underlying meets or exceeds the initial level. The Notes have a principal amount of $10 per Note, a term to maturity of approximately three years with a Final Valuation Date of February 22, 2029 and Maturity Date of February 26, 2029. Example economics show a hypothetical contingent coupon rate of 22.32% per annum (example coupon $0.558 per $10 Note) and an estimated initial value range of $9.34 to $9.59. If not autocalled and the final level is below the downside threshold (example: $50.00, 50.00% of initial level), principal repayment at maturity may be reduced, potentially resulting in substantial loss of principal. The pricing supplement is preliminary and the final terms will be set on the trade date.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Baidu, Inc. ADRs due February 25, 2027. The Notes pay contingent coupons only if the ADR closing level on an observation date meets the coupon barrier and may be automatically called if the ADR closes at or above the initial level on any observation date. If not called, principal is repaid at maturity only if the final level is at or above an 80.00% downside threshold; otherwise repayment reflects the underlying return and could result in a total loss. Trade date February 23, 2026; settlement February 25, 2026; final valuation date February 23, 2027. Minimum investment: $1,000 (100 Notes at $10 per Note). The estimated initial value was $9.74 per Note. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Amazon.com common stock due February 25, 2028. The issuer will pay contingent coupons only when the underlying closes at or above a coupon barrier on specified observation dates; the Notes may be automatically called on quarterly observation dates beginning about six months after trade.

The Notes pay contingent coupon examples show a 12.31% per annum coupon and a contingent coupon of $0.3078 per $10 Note. Minimum investment is 100 Notes (a $1,000 principal investment); the estimated initial value on the trade date is $9.76 per Note. Repayment of principal is contingent at maturity and subject to UBS creditworthiness; if the final level of Amazon is below the downside threshold the cash payment per Note may be less than principal, and you could lose a significant portion or all of your investment.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the American depositary receipts of Baidu, Inc. The notes trade on February 23, 2026, settle on February 25, 2026, and mature on February 25, 2027.

The Notes have a principal amount of $10 per Note and are offered in minimum blocks of 100 Notes ($1,000). UBS will pay contingent coupons only if the underlying ADR closing level on an observation date is at or above a coupon barrier; an automatic call occurs if the closing level is at or above the initial level on any observation date prior to maturity. The preliminary pricing shows an example contingent coupon rate of 21.67% per annum (contingent coupon of $0.5418 per $10 Note) and an estimated initial value range of $9.42 to $9.67.

If not called, principal repayment at maturity is contingent: full principal is paid if the final level is at or above the downside threshold (example: $80.00, or 80.00% of the initial level); if below, repayment equals $10 x (1 + underlying return), potentially causing substantial or total loss. All payments depend on UBS’s creditworthiness.

UBS AG is offering preliminary pricing for Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc. due on or about February 25, 2028. The notes have an approximate two-year term with an initial denomination of $10 per Note and a minimum purchase of 100 Notes ($1,000). The offering includes a potential periodic contingent coupon (example contingent coupon rate: 11.18% per annum), an automatic quarterly autocall beginning after six months if the underlying equals or exceeds the initial level, and principal protection at maturity only if the final level is at or above a 70% downside threshold. If not called and the final level is below the downside threshold, repayment is reduced pro rata to the underlying return; extreme outcomes could result in total loss of principal. The estimated initial value range on the trade date is between $9.42 and $9.67. All payments are subject to the creditworthiness of UBS AG.

UBS AG is offering Trigger Autocallable Notes with Contingent Accreting Return linked to the least performing of the Russell 2000® Index, the S&P 500® Index and shares of the State Street® Utilities Select Sector SPDR® ETF. The Notes have a principal amount of $1,000 per Note and a term of approximately five years with a trade date of February 27, 2026 and expected settlement on March 4, 2026. Observation dates are monthly and the Notes are callable after 12 months; final valuation is February 27, 2031 with maturity March 4, 2031.

The Notes may accrete a contingent return (the disclosure shows a contingent accreting return rate of 9.30% per annum and a stated contingent accreting return of $7.75 in the terms) only on observation dates when each underlying asset is at or above its accretion barrier. If not called, principal repayment at maturity is contingent: if any underlying asset is below its downside threshold you suffer a loss equal to the percentage decline of the least performing underlying asset. All payments are subject to the creditworthiness of UBS.

UBS AG is offering $1,060,000 of Trigger Autocallable Notes with Contingent Accreting Return linked to the least performing of the Russell 2000®, the S&P 500® and the State Street Utilities Select Sector SPDR® ETF (XLU). The Notes have a $1,000 principal per Note, an estimated initial value of $991.00, and an issue price of $1,000.00.

The Notes pay no current coupons; contingent accreting returns accrue on monthly observation dates if each underlying asset meets its accretion barrier. UBS may automatically call the Notes on observation dates beginning after February 19, 2027. Final valuation is on February 19, 2031 with maturity on February 24, 2031. Payments and principal are subject to UBS credit risk and the structure exposes investors to potential loss of a significant portion or all principal.

UBS AG is offering digital S&P 500® index-linked medium-term notes with a term expected to be between 12 and 14 months, capped upside and a 10.00% downside buffer set at 90.00% of the initial underlier level. If the final underlier level is at or above the buffer level, holders receive a maximum settlement expected to be between $1,082.40 and $1,096.60 per $1,000 face amount; below the buffer level, losses accrue at approximately 1.1111% of face amount for each 1% decline below the buffer, and investors could lose their entire investment.

The issue price is 100.00% of face amount, underwriting discount 1.05%, and estimated initial value is expected between $956.00 and $986.00 per $1,000, as determined by UBS’ internal pricing models. Key terms (cap level range, threshold/maximum settlement amount range, and trade/settlement dates) will be set on the trade date and are subject to change.

UBS AG is offering UBS AG Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of HP Inc. The Notes pay a contingent coupon (expected range 13.25% to 14.25% per annum) if the underlying meets specified observation thresholds and may be automatically called prior to maturity.

The Notes have an expected Trade Date: February 27, 2026, Settlement Date: March 4, 2026, a Final Valuation Date: August 27, 2027 and a Maturity Date: August 31, 2027. At maturity the issuer pays cash if the final level is at or above the downside threshold (60.00% of the initial level); otherwise holders receive a share delivery amount equal to $1,000 divided by the initial level, which may be worth significantly less than principal. All payments are subject to UBS credit risk.

UBS AG offers $25,402,500 Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000®, S&P 500® and EURO STOXX 50®. The Notes pay a periodic contingent coupon of 11.45% per annum if each index closes at or above its coupon barrier on every trading day during an observation period. Trade date is February 20, 2026, settlement February 24, 2026, final valuation November 20, 2028 and maturity November 22, 2028. Notes are issuer callable on quarterly observation end dates and return principal at maturity only if each index is at or above its downside threshold (60% of initial level); otherwise repayment is reduced by the percentage decline of the least performing underlying asset. Issue price is $10.00 per Note, estimated initial value $9.892, minimum investment 100 Notes.

UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of three ETFs: KRE, SMH and XBI. The notes have a $1,000 principal per note, a contingent coupon of 11.70% per annum and are callable monthly beginning after 12 months. Trade date is February 27, 2026, settlement is March 4, 2026, final valuation date is February 27, 2031 and maturity is March 4, 2031. Key thresholds on the cover: call threshold = 100.00% of initial level, coupon barrier = 70.00% of initial level and downside threshold = 60.00% of initial level. The estimated initial value range is stated as $916.30 to $946.30 and the issue price is $1,000.00 with an underwriting discount up to $41.25 per note. These notes expose investors to the market risk of the least performing underlying ETF and to UBS credit risk; principal repayment at maturity is contingent on the least performing ETF meeting the downside threshold.

UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of the iShares Expanded Tech-Software ETF (IGV), State Street Real Estate Select Sector SPDR ETF (XLRE) and State Street Financial Select Sector SPDR ETF (XLF).

Key terms: principal amount $1,000 per Note; contingent coupon rate 17.20% per annum; strike date February 20, 2026; trade date February 24, 2026; settlement date February 27, 2026; final valuation date January 22, 2030; maturity date January 25, 2030; callable by issuer monthly beginning after three months. Contingent coupons pay only if each underlying is at or above its coupon barrier on an observation date; principal is protected at maturity only if each underlying is at or above its downside threshold (generally 70% of initial levels). Initial levels shown: IGV $80.78, XLRE $43.56, XLF $52.49. The estimated initial value range is $948.50 to $978.50 on the trade date. All payments are subject to UBS credit risk.

UBS AG offers Trigger Autocallable Contingent Yield Notes totaling $8,656,000 linked to Bank of America, $3,001,000 linked to Southwest Airlines, and $6,658,000 linked to United Rentals, each maturing February 23, 2029. The Notes pay periodic contingent coupons only if observation-date closing levels meet specified coupon barriers, are callable after six months if call thresholds are met, and return principal at maturity only if final levels meet downside thresholds; otherwise holders suffer a loss tied to the underlying return and remain exposed to UBS credit risk.

UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of three ETFs: iShares Expanded Tech-Software (IGV), State Street Real Estate Select Sector (XLRE) and State Street Consumer Discretionary Select Sector (XLY). The Notes have a principal amount of $1,000 per Note, a contingent coupon rate of 16.75% per annum and a term of approximately 47 months; final valuation is January 22, 2030 and maturity is January 25, 2030.

The Notes pay a contingent coupon on each coupon payment date only if the closing level of each underlying ETF is equal to or greater than its coupon barrier on the related observation date. UBS may call the Notes in whole on any monthly observation date beginning after three months. At maturity, if any underlying ETF’s final level is below its downside threshold, repayment is reduced and may reflect the negative return of the least performing underlying asset; in extreme cases you could lose all of your initial investment. The estimated initial value range on the trade date is $947.40 to $977.40, and underwriting compensation is up to $8.50 per Note.

UBS AG is offering $9,134,000 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the SPDR® Dow Jones® Industrial Average (DIA) and the SPDR® S&P® Regional Banking ETF (KRE). The Notes have an approximate 3-year term, trade date February 20, 2026, settlement February 25, 2026, final valuation February 20, 2029 and maturity February 23, 2029.

The contingent coupon rate is 10.80% per annum (contingent), with a per-Note principal of $10. Initial levels are DIA $496.08 and KRE $71.90; coupon barriers and downside thresholds are 70% of initial levels. If not autocalled and the least performing underlying is below its downside threshold at maturity, principal may be reduced and investors can lose a substantial portion or all of their investment. Payments are subject to UBS credit risk.

UBS AG offers $250,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, Russell 2000® and Nasdaq-100® Technology Sector. The Notes pay a contingent coupon of 11.05% per annum only if each underlying asset meets its coupon barrier on an observation date and are issuer-callable monthly beginning after six months. If not called and the final level of any underlying asset is below its downside threshold (60.00% of initial level), principal repayment at maturity will be reduced in proportion to the decline of the least performing underlying asset; in an extreme outcome you could lose all of your initial investment. The issue price is $1,000.00 per Note (total $250,000), the estimated initial value is $954.48, and underwriting discount is $7.50 per Note.

UBS AG is offering $3,600,000 of Trigger Autocallable Contingent Yield Notes linked to the least performing of Apple Inc. common stock, the State Street® Consumer Staples Select Sector SPDR® ETF (XLP) and the State Street® Utilities Select Sector SPDR® ETF (XLU).

The notes pay a contingent coupon of 10.35% per annum when each underlying is at or above its coupon barrier on observation dates, are callable monthly beginning after August 2026 (approximately six months after the strike date February 19, 2026), and mature on February 23, 2029. If not called, repayment at maturity is contingent: full principal is returned only if each underlying is at or above its downside threshold (75% of initial level); otherwise, payment reflects the negative return of the least performing underlying asset and could result in a complete loss of principal. The estimated initial value per note was $953.20 versus the issue price of $1,000.00.

UBS AG is offering $500,000 of Trigger Autocallable Contingent Yield Notes linked to the shares of the iShares Expanded Tech-Software Sector ETF (ticker IGV) maturing on February 23, 2029. The notes pay a 9.00% per annum contingent coupon only if the underlying meets the coupon barrier on observation dates. The initial level is $81.78, the call threshold equals $81.78 (100% of initial), and the coupon barrier and downside threshold are $53.16 (65% of initial). If not called and the final level is below the downside threshold, principal repayment is reduced proportionally to the underlying return. All payments are subject to UBS credit risk and there may be little or no secondary market.

UBS AG offers $587,000 principal of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of NVIDIA Corporation, maturing February 23, 2029. The Notes pay a 15.65% per annum contingent coupon if observation-date levels meet the coupon barrier and are callable quarterly beginning after six months.

The Notes repay principal at maturity only if the final level is at or above the downside threshold of $113.89 (60.00% of the initial level); otherwise principal is reduced pro rata to the underlying return. Payments are subject to UBS credit risk and secondary-market liquidity may be limited.

UBS AG is offering $1,325,000 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the KRE (State Street SPDR S&P Regional Banking ETF), the Nasdaq-100® Technology Sector (NDXT) and the XLU (State Street Utilities Select Sector SPDR ETF). The Notes mature on February 25, 2031 and are callable monthly beginning after approximately 12 months.

The Notes pay a contingent coupon when the closing level of each underlying asset on an observation date is at or above its coupon barrier; the stated contingent coupon rate is 10.60% per annum (contingent). At maturity, principal is repaid only if each underlying asset’s final level is at or above its downside threshold (70% of initial level); otherwise repayment is reduced pro rata based on the negative return of the least performing underlying asset. The estimated initial value per Note was $942.80 and the issue price is $1,000 per Note. All payments are subject to UBS’s creditworthiness.

UBS AG offers $1,520,000 of Trigger Autocallable Contingent Yield Notes linked to the least performing of KRE and XLF, due February 23, 2029. The Notes pay a 10.45% per annum contingent coupon when both ETFs meet coupon barriers on observation dates, are callable quarterly beginning after six months, and repay principal at maturity only if both underlyings are at or above their 70.00% downside thresholds of initial levels. The estimated initial value per Note is $967.10 versus an issue price of $1,000 per Note. The Notes are unsecured obligations of UBS and subject to UBS credit risk and limited secondary market liquidity.

UBS AG is offering $1,800,000 of Trigger Callable Contingent Yield Notes due February 25, 2031. The notes pay a monthly contingent coupon (17.45% per annum, contingent coupon $14.5417 per $1,000 Note) only if the closing level of each underlying asset meets its coupon barrier on an observation date. The notes are linked to the least performing of three underlyings: the Nasdaq-100® Technology Sector, the Russell 2000® Index and shares of the VanEck® Semiconductor ETF. If UBS does not call the notes and the final level of any underlying asset is below its downside threshold (60% of initial level), repayment at maturity can be less than principal, with loss equal to the negative return of the least performing underlying asset; in extreme cases you could lose all principal. Trade date and initial levels are set on February 20, 2026 with settlement expected February 25, 2026. The estimated initial value per Note was $983.40, below the $1,000 issue price.

UBS AG is offering $2,000,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to Oracle Corporation common stock, due February 25, 2028. The Notes pay a contingent coupon of 16.70% per annum if the underlying closing level on an observation date meets or exceeds a coupon barrier, and are automatically callable on quarterly observation dates beginning after six months if the closing level meets the call threshold.

The Notes reference an Initial Level of $148.08, a Call Threshold of $148.08 (100.00% of the Initial Level), and a Downside Threshold/Coupon Barrier of $74.04 (50.00% of the Initial Level). The estimated initial value was $971.70 and the issue price is $1,000.00 per Note; proceeds to UBS total $1,953,000.00. Payments, including any principal repayment, are subject to UBS credit risk.

UBS AG offers $877,000 of Trigger Callable Contingent Yield Notes due February 25, 2031. The Notes pay a 7.00% per annum contingent coupon only if, on each observation date, the closing level of each underlying index (Dow Jones Industrial Average®, Nasdaq-100®, S&P 500®) is at or above its coupon barrier.

If UBS elects to call the Notes on any quarterly call date (beginning after 12 months), holders receive principal plus any accrued contingent coupon on the call settlement date. If not called, repayment at maturity is full principal only if each final level is at or above its downside threshold (70.00% of initial levels); otherwise repayment is reduced pro rata by the percentage decline of the least performing underlying asset.

UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to Delta Air Lines common stock due on or about March 2, 2029. The Notes pay a contingent coupon of $10.80% per annum subject to quarterly observation dates and a coupon barrier; they are autocallable if the underlying closes at or above the call threshold (100% of the initial level) on an observation date. If not called, principal repayment at maturity is contingent: full principal is paid if the final level is at or above the downside threshold (50% of the initial level); otherwise repayment is reduced pro rata to the decline in the underlying, with potential for total loss. Issue price per Note is $1,000.00 and estimated initial value range on the trade date is $942.30 to $972.30. Payments are subject to UBS credit risk. The strike date and trade date are February 27, 2026 and settlement is expected March 4, 2026.

UBS AG is offering $600,000 of Trigger Callable Contingent Yield Notes due February 25, 2028. The notes pay a contingent coupon of 10.25% per annum (per note contingent coupon $8.5417) only if each underlying index meets its monthly coupon barrier; otherwise no coupon is paid.

If UBS does not call the notes and the final level of any underlying index is below its downside threshold (60% of initial level), principal is reduced pro rata to the negative return of the least performing underlying asset. The notes are unsecured obligations of UBS and repayment is subject to UBS creditworthiness.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index due January 24, 2031. The offering size is $532,000.00 at an issue price of $1,000 per Note and an estimated initial value of $958.90 as of the trade date. The Notes pay a contingent coupon of 8.70% per annum (contingent coupon = $7.25 per payment) only when both underlying indices meet their coupon barriers on each observation date. UBS may call the Notes in whole (but not in part) on monthly observation dates beginning after six months; principal repayment at maturity is contingent on the final levels relative to the downside thresholds, exposing holders to potential partial or total loss of principal.

UBS AG offers $350,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Index, the Russell 2000 Index and shares of the State Street Energy Select Sector SPDR ETF. The Notes pay a 11.15% per annum contingent coupon on scheduled coupon payment dates only if the closing level of each underlying asset is at or above its coupon barrier on the related coupon observation date. UBS may call the Notes in whole on any call date beginning after six months; if called you receive principal plus any contingent coupon then due. If not called, principal is repaid at maturity February 23, 2029 only if each final level is at or above its downside threshold; otherwise the cash payment equals $1,000×(1+underlying return of the least performing underlying asset), which can result in a significant loss up to the loss of the full principal. The estimated initial value on the trade date is $979.30 and the issue price per Note is $1,000.

UBS AG London Branch offers Buffered Contingent Income Auto-Callable Securities linked to the common stock of Freeport-McMoRan Inc. (initial price $64.34). Each security has a stated principal amount of $1,000.00, a contingent payment of $13.7334 (~16.48% per annum), and a term maturing on February 26, 2027. The call threshold equals $64.34 (100% of the initial price); the downside threshold equals $45.04 (70% of the initial price). If underlying closing prices meet the downside threshold on determination dates, contingent payments are paid and the securities may be auto‑redeemed if the call threshold is met; if final price is below the downside threshold and securities are not called, holders receive a cash value that may be substantially less than principal. Payments are subject to the credit risk of UBS AG. Estimated initial value on the pricing date is between $961.30 and $991.30.

UBS AG is offering Buffer Autocallable Contingent Yield Notes linked to the least performing of the Nasdaq-100 and Russell 2000. The offering totals $375,000 (at an issue price of $1,000 per Note) with a contingent coupon of 6.50% per annum, a 15% buffer, monthly observation dates and a final maturity of February 21, 2031. The Notes are callable monthly, callable after 12 months; if automatically called, holders receive principal plus any contingent coupon then due. If not called, principal repayment at maturity is contingent on the final levels of the underlying indices relative to downside thresholds, and losses can exceed the buffer, potentially resulting in a near-total loss. Any payments depend on the creditworthiness of UBS. The estimated initial value per Note was $936.30.

UBS AG is offering $1,625,000 of Contingent Income Auto-Callable Securities linked to the Class C capital stock of Zillow Group, Inc. The securities have a stated principal amount of $1,000.00 per security, an initial price of $43.97, a downside threshold of $21.99 (50.00% of the initial price) and a call threshold of $43.97 (100.00% of the initial price).

They feature a 12-month initial non-call period, a memory coupon that pays a contingent payment of $33.25 per security (equivalent to 13.30% per annum) when the closing price on a determination date is ≥ the downside threshold, sequential determination dates through Feb 18, 2028, and maturity on Feb 24, 2028. If final price is below the downside threshold, UBS will deliver cash equal to the exchange ratio × final price and investors may lose a significant portion or all principal. Payments are unsecured and subject to the credit risk of UBS AG. The estimated initial value on the pricing date was $967.00, while the issue price is $1,000.00 per security.