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

UBS AG is offering $1,978,000 of Trigger Autocallable Yield Notes linked to the common stock of Dell Technologies Inc., due February 23, 2029. The Notes pay a fixed 10.00% per annum coupon, have a principal amount of $1,000 per Note and quarterly observation dates beginning after 12 months.

The Notes are automatically called if the closing level of Dell stock on an observation date is at or above the call threshold (100% of the initial level). If not called and the final level is below the downside threshold (50% of the initial level), principal repayment at maturity is contingent and may result in losses up to all of your initial investment. All payments depend on the creditworthiness of UBS. The estimated initial value on the trade date was $963.40 per Note and the issue price was $1,000 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Bank of America (BAC), Southwest Airlines (LUV) and United Rentals (URI) with expected trade date February 20, 2026, settlement February 25, 2026 and maturity on or about February 23, 2029. Each Note pays a contingent coupon only if the underlying closes at or above a coupon barrier on observation dates; Notes are autocallable if the underlying closes at or above a call threshold on an observation date (callable after six months).

The notes return principal at maturity only if the final level is at or above the downside threshold; if below, repayment equals $10 times (1 + underlying return), which can result in a substantial or total loss of principal. Contingent coupon rates are 8.00% (BAC), 11.40% (LUV) and 10.15% (URI) per annum; estimated initial values per Note range roughly between $9.325 and $9.692 depending on the underlying. All payments are subject to UBS credit risk.

UBS AG is proposing contingent income auto-callable securities linked to Capital One Financial Corporation common stock. The securities target a contingent payment of $26.125 (equivalent to 10.45% per annum) when the underlying closing price on a determination date is equal to or above 65.00% of the initial price. The call threshold is 100.00% of the initial price and the stated principal amount is $1,000.00 per security. Expected pricing and issuance dates are February 27, 2026 and March 4, 2026, with expected maturity on or about March 2, 2029. Payments (including principal) depend on the closing prices on specified determination dates, the calculation agent’s determinations, and UBS’s creditworthiness; UBS may deliver a cash value at maturity if the final price is below the downside threshold and investors could lose a significant portion, or all, of their investment.

UBS AG offers $1,510,000 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the KRE and XLU ETFs, with a $1,000 principal per Note, a contingent coupon rate of 13.75% per annum and a term tied to observation dates through February 16, 2029.

The Notes pay contingent quarterly coupons only if both underlying ETFs meet coupon barriers on each observation date, are subject to automatic early call if both meet call thresholds, and expose holders to downside principal loss (including full loss) if the least performing ETF falls below its 80% downside threshold. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Yield Notes linked to the common stock of Constellation Energy Corporation maturing February 23, 2029. Each Note has a $1,000 principal amount, a fixed coupon rate of 10.40% per annum paid quarterly and an automatic call if the underlying closes at or above the call threshold (100.00% of the initial level) on any observation date beginning after 12 months.

If not called, principal is repaid at maturity only if the final level is at or above the downside threshold (60.00% of the initial level, $181.81). If the final level is below that threshold, repayment at maturity is reduced pro rata to the underlying return and you may lose a significant portion or all of your investment. All payments are subject to UBS credit risk.

UBS AG (London Branch) is offering Contingent Income Auto-Callable Securities linked to the common stock of Citigroup Inc. with a $1,000 stated principal per security. The securities pay a contingent payment of $25.50 (equivalent to 10.20% per annum) on each determination date if the closing price is at or above a 60.00% downside threshold and will auto-redeem early if the closing price meets or exceeds a 100.00% call threshold on a determination date. Expected pricing and issue dates are February 27, 2026 and March 4, 2026, respectively, and expected maturity is about March 2, 2029. If not redeemed and the final price is below the downside threshold, UBS will deliver a cash value based on the exchange ratio, exposing holders to a loss up to the full principal. All payments are subject to the credit risk of UBS. The estimated initial value at pricing is between $935.70 and $965.70.

UBS AG London Branch is offering Contingent Income Auto-Callable Securities with Memory Coupon linked to the ADRs of Taiwan Semiconductor Manufacturing Company Limited, subject to completion and final pricing documents. Each security has a stated principal amount of $1,000.00 and an issue price of $1,000.00. The securities pay a contingent payment of $28.125 (equivalent to 11.25% per annum) on a contingent payment date only if the underlying closing price on the related determination date is equal to or greater than the downside threshold level of 50.00% of the initial price. If the closing price on a determination date (other than the final determination date) is at or above the call threshold level (equal to 100.00% of the initial price), the securities will be redeemed early for the stated principal plus applicable contingent payments. If not redeemed early and the final price is below the downside threshold, holders will receive a cash value equal to the exchange ratio times the final price and may lose a significant portion or all of their investment. The securities are unsecured obligations of UBS AG and subject to UBS credit risk; estimated initial value at pricing is expected to be between $912.90 and $942.90. The offering is not listed on any exchange and includes underwriting and structuring fees totaling 2.25% of the issue price.

UBS AG is offering $13,175,270 of Trigger Autocallable GEARS linked to the common stock of Amazon.com, Inc., maturing on February 15, 2029. The securities have a 18.80% call return if automatically called on the observation date and an upside gearing of 1.50.

Key economic terms: initial level $198.79, autocall barrier $198.79 (100.00% of initial), downside threshold $149.09 (75.00% of initial), trade date February 13, 2026, settlement February 18, 2026, observation date February 22, 2027, final valuation date February 13, 2029.

The securities are unsubordinated unsecured debt of UBS, do not pay interest, may be autocalled early, and expose holders to downside market risk and UBS credit risk; the estimated initial value per Security was $9.72 and the issue price is $10.00.

UBS AG is offering $2,524,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of the Russell 2000® and the S&P 500®. The Notes pay a contingent semiannual coupon of 7.25% per annum (equal to $36.25 per $1,000 Note per coupon period) if both indices meet coupon barriers on observation dates. Observation dates are semiannually through a Final Valuation Date of February 13, 2029 with maturity on February 16, 2029. If both indices meet call thresholds on an observation date, the Notes will be automatically called and pay principal plus accrued contingent coupons. If not called, principal repayment at maturity is contingent: full principal is returned only if both indices are at or above a 70.00% downside threshold of their initial levels; otherwise repayment is reduced by the negative return of the least performing underlying asset, potentially resulting in a total loss. The estimated initial value per Note on the trade date was $955.50, and the issue price is $1,000 per Note. All payments are subject to UBS credit risk and the Notes are not FDIC insured.

UBS AG is offering Trigger Callable Contingent Yield Notes totaling $550,000 linked to the least performing of the Nasdaq-100 Index and the S&P 500 Index due August 18, 2027.

The Notes pay a contingent coupon of 8.35% per annum only if both indices meet their coupon barriers on each monthly observation date; UBS may call the Notes in whole on monthly observation dates beginning after 12 months. At maturity, principal is repaid only if each index is at or above its downside threshold (70.00% of initial level); otherwise payment is reduced pro rata to the negative return of the least performing index, and investors could lose a significant portion or all principal. All payments are subject to UBS credit risk.

UBS AG is offering $1,029,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100® Technology Sector and the Russell 2000® Index. Each Note has a principal amount of $1,000, a contingent coupon rate of 10.85% per annum, and is callable by UBS beginning after six months.

Trade date is February 13, 2026, expected settlement February 19, 2026, final valuation date February 13, 2029, and maturity February 16, 2029. Coupon barriers are set at 70% of initial levels and downside thresholds at 65% of initial levels for each underlying index. The estimated initial value per Note is $963.90 and the issue price per Note is $1,000.00. Payments, including any repayment of principal, are subject to UBS creditworthiness and the issuer may elect to call the Notes on observation dates.

UBS AG is offering $12,236,000 of Contingent Income Auto-Callable Securities linked to the common stock of Citigroup Inc. Each security has a $1,000 stated principal amount and may pay a contingent payment of $25.25 (equivalent to 10.10% per annum) on specified determination dates.

The securities mature on February 16, 2029 unless redeemed early. Early redemption occurs if the underlying closing price on a determination date is at or above the call threshold of $110.86; the downside threshold is $72.06 (65.00% of the initial price). If not redeemed and the final price is below the downside threshold, holders receive a cash value tied to the final price and may lose a substantial or entire investment. The issue price was $1,000.00 per security and the estimated initial value at pricing was $963.70.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Intel Corporation stock. The Notes have a principal amount of $10 per Note, a term of approximately one year, an estimated initial value of $9.74 and an illustrative contingent coupon rate of 18.90% per annum.

The Notes pay contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and will be automatically called early if the underlying closes at or above the initial level on any observation date. If not called and the final level is below the downside threshold of 60.00% of the initial level, repayment at maturity can be less than principal, possibly resulting in substantial loss. Any payment depends on UBS's creditworthiness. Trade date: February 18, 2026; Settlement: February 20, 2026; Final Valuation Date: February 18, 2027; Maturity: February 22, 2027.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Newmont Corporation, maturing on February 22, 2027. The Notes pay contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and are automatically called early if the underlying closes at or above the initial level on any observation date prior to the final valuation date.

If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold you receive the $10 principal per Note; if below, you receive $10 multiplied by (1 + underlying return), which can result in a substantial loss or a complete loss of principal. The Notes are unsecured obligations of UBS AG, subject to UBS credit risk. Trade date was February 18, 2026, settlement expected February 20, 2026, final valuation date February 18, 2027, and maturity February 22, 2027. Minimum purchase is 100 Notes at $10 per Note; the estimated initial value as of the trade date was $9.72.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Intel Corporation stock due on or about February 22, 2027. The Notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates and are automatically called if the stock closes at or above the initial level on any observation date prior to the final valuation date.

The trade date is February 18, 2026 with expected settlement on February 20, 2026, final valuation date February 18, 2027 and maturity February 22, 2027. Examples show a $10 principal per Note, an illustrative contingent coupon rate of 18.02% per annum (contingent coupon $0.4505) and a downside threshold of $60.00 (60.00% of the initial level). Estimated initial value is shown between $9.44 and $9.69. Minimum investment is 100 Notes (representing $1,000). All payments, including principal at maturity, are subject to the creditworthiness of UBS.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Newmont Corporation, maturing on February 22, 2027.

The Notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates and will be automatically called early if the stock closes at or above the initial level on any observation date. If not called, principal repayment at maturity is contingent: full principal is returned if the final level is at or above a downside threshold; otherwise repayment falls by the underlying return, potentially losing all principal.

Key terms shown: trade date February 18, 2026, settlement February 20, 2026, final valuation date February 18, 2027, minimum investment 100 Notes ($1,000), estimated initial value $9.41–$9.66. Example contingent coupon rate shown: 8.31% per annum. All payments are subject to UBS AG credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Palantir Technologies Inc. The Notes have a principal amount of $10 per Note (minimum purchase 100 Notes, $1,000) with trade and settlement expected on February 18, 2026/February 20, 2026 and a final valuation date of February 18, 2027 and maturity on February 22, 2027.

The Notes pay contingent coupons only if the underlying closing level on observation dates is at or above a coupon barrier and will be automatically called if the underlying closes at or above the initial level on an observation date prior to maturity. If not called, principal repayment at maturity is contingent: full principal is returned only if the final level is at or above a disclosed downside threshold; otherwise repayment is reduced pro rata to the underlying return. Example terms show a contingent coupon rate of 19.38% per annum, an example downside threshold of $60.00 (60% of an initial level), and an estimated initial value of $9.71 per Note. All payments, including any principal, are subject to the creditworthiness of UBS.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Palantir Technologies Inc. The Notes have a principal amount of $10 per Note, trade date February 18, 2026, settlement February 20, 2026, final valuation date February 18, 2027 and maturity February 22, 2027. The Notes pay periodic contingent coupons only if the underlying closing level on an observation date meets or exceeds a coupon barrier; they will be automatically called early if the underlying closing level on an observation date meets or exceeds the initial level. If not called, principal is repaid at maturity only if the final level is at or above a downside threshold; if below, payment at maturity will be reduced proportionally to the underlying return (examples show a 60.00% downside threshold). The preliminary pricing range shows an estimated initial value between $9.41 and $9.66 and a minimum investment of 100 Notes ($1,000). Any payments depend on UBS creditworthiness; investors may lose a significant portion or all of their investment.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation due February 22, 2028. The Notes pay periodic contingent coupons only if the closing level of NVIDIA equals or exceeds a coupon barrier on observation dates and will be automatically called early if the underlying equals or exceeds the initial level on an observation date. If not called, principal is repaid at maturity only if the final level is at or above a downside threshold; if the final level is below that threshold, holders suffer a loss equal to the underlying return and could lose their entire investment. Trade and settlement are February 18, 2026 and February 20, 2026, respectively. The Notes have a minimum purchase of 100 Notes at $10 per Note and an estimated initial value of $9.78 per Note. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Netflix, Inc., maturing on August 20, 2027. The notes pay contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and will be automatically called early if the underlying closes at or above the initial level on any observation date prior to the final valuation date.

If not called, principal is repaid at maturity only if the final level is at or above a stated downside threshold; if below, holders suffer a loss equal to the underlying return and could lose all principal. The offering examples use a $10 principal per note, a contingent coupon rate of 13.25% per annum and show an estimated initial value of $9.81 as of the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, maturing on or about February 22, 2028. The notes pay a contingent coupon only if the underlying closes at or above a coupon barrier on observation dates; otherwise no coupon is paid.

The notes are automatically called early if the underlying closes at or above the initial level on any observation date prior to the final valuation date, in which case holders receive principal plus any contingent coupon on the related call settlement date. If not called, repayment at maturity is contingent: full principal is paid only if the final level is at or above the downside threshold; otherwise principal is reduced pro rata to the underlying return (example shows a $10 principal and a 50% downside threshold). Trade date is February 18, 2026 with settlement on February 20, 2026. Minimum investment is 100 Notes ($1,000). Estimated initial value range is $9.44 to $9.69 per note; all payments remain subject to UBS credit risk.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Netflix, Inc., due on or about August 20, 2027. The Notes pay periodic 11.26% per annum contingent coupons only if observation-date closing levels meet the coupon barrier, and they are subject to an automatic early call if the underlying equals or exceeds the initial level on an observation date.

If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold of $65.00 (65.00% of the initial level), UBS will repay the $10 principal per Note; if the final level is below that threshold, repayment is reduced pro rata (example shows $3.90 per Note and a hypothetical loss of 55.37%). Payments are subject to the creditworthiness of UBS. Trade and settlement dates are February 18, 2026 and February 20, 2026, respectively.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Citigroup Inc. common stock due February 20, 2029. The Notes pay contingent coupons only when the underlying's closing level meets a coupon barrier on observation dates and may autocall quarterly after six months if the underlying equals or exceeds the initial level. If not called, principal repayment at maturity is contingent on the final level relative to a downside threshold; a final level below that threshold can cause losses up to the full principal. Payments depend on UBS creditworthiness. Trade date is February 18, 2026 and settlement is February 20, 2026. The estimated initial value per Note is $9.72 and minimum investment is 100 Notes at $10 per Note.

UBS AG offers $3,967,700 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan Inc., maturing on February 20, 2029. The Notes pay a contingent coupon only if the underlying closing level meets the coupon barrier on observation dates and are autocallable quarterly (beginning after six months) if the closing level is equal to or above the initial level. 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 the cash payment equals $10 times (1 + underlying return), exposing holders to the underlying equity downside and potential total loss. All payments are subject to the creditworthiness of UBS.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Zscaler, Inc. stock due February 22, 2028. The Notes pay contingent coupons only if the underlying closing level meets a coupon barrier on observation dates and may be automatically called monthly beginning after 12 months if the underlying equals or exceeds the initial level. If not called, repayment of principal at maturity is contingent: if the final level is below the downside threshold you may receive less than your principal, equal to $10 x (1 + underlying return), and could lose your entire investment. Payments depend on UBS creditworthiness. The estimated initial value at trade date was $9.71 per Note and minimum purchase is 100 Notes at $10 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to United Airlines Holdings, Inc. common stock due February 22, 2027. The Notes pay contingent coupons only if observation-date closing levels meet the coupon barrier and may be automatically called early if the underlying equals or exceeds the initial level on an observation date. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise principal is reduced proportionally to the underlying return and could be lost. Payments depend on UBS creditworthiness. Trade date is February 18, 2026; settlement expected February 20, 2026.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Citigroup Inc. with a trade date of February 18, 2026, expected settlement on February 20, 2026, a final valuation date of February 15, 2029, and a maturity date of February 20, 2029.

The notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates; they are subject to an automatic call if the underlying closes at or above the initial level on a quarterly observation date. The minimum investment is 100 Notes at $10 per Note ($1,000). The estimated initial value range on the trade date is $9.34 to $9.59. Example terms shown include a hypothetical contingent coupon rate of 8.76% per annum, a coupon barrier of $70.00 (70% of the initial level) and a downside threshold of $65.00 (65% of the initial level).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan Inc. The Notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates. The Notes can be automatically called quarterly beginning after six months if the underlying closes at or above the initial level, in which case UBS will pay principal plus any contingent coupon on the call settlement date. If not called, repayment at maturity depends on the final level relative to a downside threshold; if the final level is below that threshold, repayment can be less than principal and could result in the loss of all principal. Trade date is February 18, 2026, expected settlement February 20, 2026, final valuation date February 15, 2029 and maturity February 20, 2029. Minimum investment is 100 Notes ($1,000) and the estimated initial value range is $9.35 to $9.60 per Note. All payments are subject to the creditworthiness of UBS.

UBS AG delivered a preliminary pricing supplement for Trigger Autocallable Contingent Yield Notes linked to the common stock of Zscaler, Inc., due on or about February 22, 2028.

The Notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates; they are subject to an automatic monthly call (beginning after 12 months) if the underlying closes at or above the initial level. If not called, principal repayment at maturity is contingent: if the final level is below the downside threshold you may suffer a loss equal to the underlying return. Trade date is February 18, 2026 and settlement is expected February 20, 2026. The offering shows a minimum investment of 100 Notes ($1,000), an estimated initial value range of $9.38 to $9.63, and illustrative downside and barrier levels at $60.00 (60% of initial) in the examples.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of United Airlines Holdings, Inc., due on or about February 22, 2027. The Notes have a $10 principal amount per Note and are sold in minimum increments of 100 Notes (representing a $1,000 investment). The trade date is February 18, 2026 with expected settlement on February 20, 2026.

The Notes may pay contingent coupons only when the underlying closing level is at or above the coupon barrier on observation dates and will be automatically called if the underlying is at or above the initial level on any observation date prior to the final valuation date. If not called, principal repayment at maturity depends on whether the final level is at or above the downside threshold; if below, repayment equals $10 x (1 + Underlying Return), possibly resulting in substantial or total loss. Example terms shown include a hypothetical contingent coupon rate of 10.86% per annum and a downside threshold and coupon barrier of $60.00 (60.00% of the initial level). Any payments are subject to the creditworthiness of UBS.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Microsoft Corporation stock due February 22, 2028. The Notes pay a contingent coupon only when the underlying closing level on an observation date is at or above the coupon barrier and are automatically called if the underlying closes at or above the initial level on any semi‑annual observation date beginning after February 18, 2027.

If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; if the final level is below that threshold, repayment is reduced pro rata to the underlying return and you can lose a substantial portion or all of your investment. The Notes have a minimum investment of 100 Notes at $10 per Note and an estimated initial value of $9.83 as of the trade date.

UBS AG is offering preliminary Trigger Autocallable Contingent Yield Notes linked to Microsoft common stock due on or about February 22, 2028. The Notes pay semi-annual contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates and may be automatically called early if the underlying equals or exceeds the initial level on any observation date (semi-annually, beginning after 12 months). At maturity, if not called, principal repayment is contingent: full principal is paid only if the final level is at or above a downside threshold; otherwise repayment is reduced pro rata by the underlying return, potentially resulting in complete loss of principal. Trade and settlement are expected on February 18, 2026 and February 20, 2026, respectively; final valuation and maturity dates are February 17, 2028 and February 22, 2028. Minimum investment is 100 Notes ($1,000). The preliminary estimated initial value range is $9.47 to $9.72 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Microsoft Corporation stock due February 20, 2029. The Notes pay periodic contingent coupons only if the underlying closing level on an observation date meets or exceeds the coupon barrier; otherwise no coupon is paid. The Notes will be automatically called early if the underlying closing level on an observation date prior to the final valuation date is equal to or greater than the initial level, in which case UBS pays principal plus any contingent coupon on the related coupon payment date. If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold you receive the $10 principal per Note; if the final level is below the downside threshold repayment equals $10 x (1 + Underlying Return), exposing you to the negative return of the underlying and possible loss of all principal. Trade date is February 18, 2026, settlement expected February 20, 2026, final valuation date February 15, 2029 and maturity February 20, 2029. Example terms shown include a hypothetical contingent coupon rate of 6.87% per annum, coupon barrier and downside threshold at $70.00 (70% of the initial level), and an estimated initial value of $9.66 per Note as of the trade date.

UBS AG is offering $400,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Meta Platforms, Inc., due February 22, 2028. The Notes pay contingent coupons only if the underlying stock's closing level meets the coupon barrier on each observation date and will be automatically called early if the closing level equals or exceeds the initial level on any observation date prior to the final valuation date. At maturity the principal is repaid only if the final level is at or above the downside threshold; if the final level is below that threshold, investors incur a loss proportional to the underlying return and could lose their entire investment. The Notes have a principal amount of $10 per Note, a minimum purchase of 100 Notes ($1,000), an estimated initial value of $9.86 as of the trade date, and key dates of trade: February 18, 2026, settlement: February 20, 2026, final valuation date: February 17, 2028, and maturity: February 22, 2028.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Microsoft Corporation, with final terms set on the trade date. The notes pay contingent coupons only if the underlying closes at or above the coupon barrier on observation dates and will be automatically called if the underlying closes at or above the initial level on any prior observation date. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise repayment falls with the underlying return and you could lose a significant portion or all of your investment. Key dates: trade date February 18, 2026, settlement date February 20, 2026, final valuation date February 15, 2029, maturity date February 20, 2029. Terms shown include a $10 principal example, minimum purchase of 100 notes ($1,000), an illustrative contingent coupon rate of 6.11% per annum (contingent coupon $0.1528), and an estimated initial value range of $9.36 to $9.61 per note.

UBS AG is offering $260,000 in Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., due February 20, 2029. The Notes pay periodic contingent coupons only if the underlying closing level on each observation date meets or exceeds a coupon barrier; otherwise no coupon is paid.

The Notes are autocallable: they will be called early if the underlying closing level on any observation date before the final valuation date equals or exceeds the initial level, in which case holders receive principal plus any contingent coupon due on the call settlement date. If not called, principal repayment at maturity is contingent: if the final level is below a downside threshold (example: $50.00, or 50.00 of the initial level in the hypothetical), holders can suffer a principal loss equal to the underlying return and could lose the full investment.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Meta Platforms, Inc. with a final maturity on February 22, 2028. The notes pay periodic contingent coupons only if the underlying meets coupon barriers on observation dates and may be automatically called early if the underlying meets an initial level.

The notes repay principal at maturity only if the final level is at or above a downside threshold; otherwise principal is reduced pro rata to the underlying return. Trade date is February 18, 2026 with expected settlement on February 20, 2026. Minimum purchase is 100 notes at $10 per note (a $1,000 initial investment). Estimated initial value range is $9.49 to $9.74 per note, inclusive of UBS internal funding.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., maturing on February 20, 2029. The notes pay periodic contingent coupons only if the underlying meets observation-date barriers and may be automatically called early if the underlying meets the initial level on an observation date.

The notes have a minimum investment of 100 Notes at $10 per Note and an estimated initial value range of $9.34 to $9.59 per Note. Example terms shown include a hypothetical contingent coupon rate of 21.99% per annum, a downside threshold of $50.00 (50% of the initial level) and scenarios where principal could be reduced to as low as $3.00 per Note.

UBS AG is offering $800,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Vistra Corp., maturing on February 20, 2029. The Notes pay a contingent coupon only when the underlying closing level on an observation date meets or exceeds the coupon barrier and will be automatically called if the underlying equals or exceeds the initial level on any quarterly observation date beginning after six months.

If not called, repayment at maturity depends on the final level relative to a downside threshold (60% of the initial level in the examples). If the final level is below that threshold, principal repayment is reduced proportionally (for example, one scenario pays $3.60 per $10 Note), and investors may lose a significant portion or all of their investment. Payments are subject to UBS credit risk. The estimated initial value on the trade date is $9.71 per $10 Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Vistra Corp. with a term to approximately February 20, 2029, subject to delivery of final Offering Documents and completion of pricing.

Key disclosed terms: trade date February 18, 2026, settlement February 20, 2026, final valuation date February 15, 2029, maturity February 20, 2029, principal amount per Note $10, contingent coupon rate example 15.54% per annum, estimated initial value range $9.34 to $9.59, and downside threshold and coupon barrier illustrated at $60.00 (60.00% of the Initial Level). The Notes pay contingent coupons only if observation-date levels meet the coupon barrier, may autocall quarterly if observation-date levels meet or exceed the initial level, and repay principal at maturity only if the final level is at or above the downside threshold; otherwise principal may be reduced, potentially to zero. All payments are subject to UBS credit risk.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Amazon.com, Inc. stock due February 22, 2028. The Notes pay periodic contingent coupons only if the underlying closing level meets a coupon barrier and will be automatically called early if the underlying 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 the downside threshold; otherwise repayment is reduced proportionally to the underlying return and investors can lose a significant portion or all principal. Payments depend on UBS's creditworthiness. The Notes have a $10 principal per Note, an estimated initial value of $9.74, and an illustrative contingent coupon rate of 9.47% per annum in the examples.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc., due on or about February 22, 2028. The Notes pay a periodic contingent coupon only if the closing level of the underlying meets a coupon barrier on observation dates and are subject to automatic early redemption if the underlying equals or exceeds the initial level on any observation date prior to the final valuation date. The Notes repay the $10 principal at maturity only if the final level is at or above a disclosed downside threshold; otherwise repayment at maturity may be reduced pro rata to reflect the negative underlying return, potentially resulting in a substantial or total loss of principal.

The trade date is February 18, 2026, expected settlement is February 20, 2026, the final valuation date is February 17, 2028, and the estimated initial value range on the trade date is between $9.44 and $9.69 per Note. The preliminary supplement states a hypothetical contingent coupon rate of 8.73% per annum (contingent coupon example $0.2183 per $10 Note) and illustrative downside examples (e.g., a $3.90 payout per $10 Note in one scenario). These terms are subject to completion and will be set on the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Intuit Inc., due February 20, 2029. The Notes pay periodic contingent coupons only if the underlying meets a coupon barrier on observation dates and may be automatically called early if the underlying equals or exceeds the initial level on an observation date. If not called, principal repayment at maturity is contingent on the final level relative to a downside threshold; if the final level is below that threshold, investors can suffer losses up to the full principal. Payments depend on UBS's creditworthiness. Trade and settlement dates are February 18, 2026 and February 20, 2026, respectively.

UBS AG is offering $350,000 of Trigger Autocallable Contingent Yield Notes linked to Amazon.com, Inc. common stock due February 22, 2028. The Notes pay contingent semi‑annual coupons only if the underlying closing level meets the coupon barrier and can be automatically called after ~12 months if the underlying equals or exceeds the initial level on an observation date. If not called, principal is repaid at maturity only if the final level is at or above the 70.00% downside threshold; otherwise repayment at maturity will decline in line with the underlying return and could result in a total loss. Payments are subject to UBS credit risk; estimated initial value was $9.85 per Note and minimum investment is 100 Notes.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Intuit Inc. via a preliminary pricing supplement dated February 18, 2026. The Notes mature on February 20, 2029 with a final valuation date of February 15, 2029.

The Notes pay contingent coupons only if the underlying closing level meets the coupon barrier on specified observation dates and are automatically called if the underlying closes at or above the initial level on any observation date prior to maturity. If not called, principal repayment at maturity is contingent: full principal is returned only if the final level is at or above the downside threshold (example: $10 principal, 60.00% downside threshold). Example terms in the supplement show a hypothetical contingent coupon rate of 14.53% per annum (contingent coupon $0.3633) and an estimated initial value range of $9.31 to $9.56 per Note. Minimum investment is 100 Notes ($1,000).

UBS AG offers preliminary Trigger Autocallable Contingent Yield Notes linked to Amazon.com, Inc. stock due on or about February 22, 2028. The notes pay semi‑annual contingent coupons only if the underlying closing level meets a coupon barrier and may be automatically called beginning after 12 months if the underlying equals or exceeds the initial level on an observation date. If not called, principal is repaid at maturity only if the final level is at or above a 70.00% downside threshold; otherwise, repayment declines proportionally to the underlying return and full loss of principal is possible.

The trade date is February 18, 2026 with expected settlement February 20, 2026. Minimum investment is 100 notes at $10 per note; UBS estimates the initial value between $9.49 and $9.74. Example contingent coupon rate shown is 11.73% per annum (hypothetical). Terms are preliminary and subject to final pricing supplement and accompanying product supplement and prospectus.

UBS AG offers $300,000 Trigger Autocallable Contingent Yield Notes linked to The Walt Disney Company common stock. The Notes pay semi‑annual contingent coupons only if the underlying closing level meets the coupon barrier and are subject to an automatic early call if the underlying equals or exceeds the initial level on an observation date.

The Notes trade on February 18, 2026 with expected settlement on February 20, 2026, a final valuation date of February 17, 2028 and maturity on February 22, 2028. At maturity, repayment of principal is contingent on the final level relative to the downside threshold; investors may lose a significant portion or all of their principal and payments are subject to UBS credit risk.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Netflix common stock due February 20, 2029. The Notes pay periodic contingent coupons only if the underlying closing level meets the coupon barrier on observation dates and can be automatically called quarterly beginning after six months if the underlying equals or exceeds the initial level.

If not called, repayment at maturity is contingent: full principal is paid only if the final level is at or above the downside threshold; otherwise principal is reduced proportionally to the underlying return and investors could lose a significant portion or all of their investment. Payments depend on UBS creditworthiness. Minimum investment is 100 Notes at $10 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of The Walt Disney Company, due on or about February 22, 2028. The notes pay contingent semiannual coupons only if the underlying stock meets the coupon barrier on an observation date and will be automatically called early if the underlying equals or exceeds the initial level on any semiannual observation (beginning after 12 months). 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: $75.00, 75.00% of the initial level); if below, repayment equals $10 x (1 + Underlying Return), which can result in a significant loss or total loss of principal. Key dates: trade date February 18, 2026, settlement February 20, 2026, final valuation date February 17, 2028, maturity February 22, 2028. Minimum investment is 100 Notes ($1,000); estimated initial value is between $9.48 and $9.73 per Note. All payments are subject to UBS credit risk.