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

The issuer UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Alphabet Inc. The Notes have a principal amount of $10 per Note, a term of approximately 2 years, a contingent coupon rate of 8.46% per annum (contingent coupon of $0.2115 per $10 Note) and an estimated initial value of $9.74 as of the trade date. Trade and settlement are shown as February 18, 2026 and February 20, 2026, with a final valuation date of February 17, 2028 and maturity on February 22, 2028. The Notes will automatically call early if the underlying closing level on any observation date prior to the final valuation date is equal to or greater than the initial level. If not called, repayment at maturity is contingent: if the final level is at or above the downside threshold ($65.00, which is 65.00% of the initial level), UBS will repay the principal; if the final level is below the downside threshold, repayment will equal $10 x (1 + Underlying Return), which can result in substantial principal loss, including loss of the entire investment. Minimum initial investment is 100 Notes ($1,000). Any payments are subject to the creditworthiness of UBS AG.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Caterpillar Inc., due February 22, 2028. 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 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 the downside threshold; if the final level is below that threshold, repayment is reduced pro rata to the underlying return and investors can lose a significant portion or all of their principal. The offering includes a $10 per Note principal example, an illustrative contingent coupon of 10.80% per annum (example contingent coupon $0.27), an illustrative downside threshold of $60.00 (60.00% of the initial level), and an estimated initial value of $9.75 as of the trade date. All payments are subject to UBS credit risk and the Notes will not be exchange listed.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to ServiceNow, Inc., due February 22, 2027. The offering on the cover shows $401,000 in aggregate and a minimum investment of 100 Notes ($1,000). The Notes pay a contingent coupon only when the underlying closing level meets or exceeds a coupon barrier on observation dates; otherwise no coupon is paid. The Notes will be automatically called early if the underlying closing level on any observation date is equal to or greater than the initial level, in which case investors receive principal plus any contingent coupon on the call settlement date. If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold the principal is repaid; if below, repayment is reduced pro rata to the underlying return and investors could lose up to all of their investment. The estimated initial value per Note was $9.81 as of the trade date; the disclosed hypothetical contingent coupon rate is 17.05% per annum (contingent coupon $0.4263 per $10 Note).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Alphabet Inc. due on or about February 22, 2028. The notes pay contingent coupons only if observation‑date closing levels meet the coupon barrier and may be automatically called if an observation date closing level is at or above the initial level. 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; otherwise principal is reduced proportionally to the underlying return, potentially resulting in a total loss.

Trade date is February 18, 2026 with settlement on February 20, 2026. Minimum investment is 100 notes at $10 per note. Estimated initial value is between $9.44 and $9.69 per note. All payments are subject to the creditworthiness of UBS.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Caterpillar Inc. The preliminary pricing supplement sets a trade date of February 18, 2026 and a maturity date of February 22, 2028. The Notes pay a contingent coupon on each coupon payment date only if the underlying closing level meets or exceeds the coupon barrier; otherwise no coupon is paid.

The Notes feature an automatic call if the underlying closes at or above the initial level on an observation date, paying principal plus any contingent coupon on the related call settlement 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; extreme outcomes could result in loss of the entire principal. Minimum investment is 100 Notes at $10 per Note and the estimated initial value range is $9.44 to $9.69.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of ServiceNow, Inc. due on or about February 22, 2027. The notes pay periodic contingent coupons only if the underlying closing level is at or above a coupon barrier on observation dates and will autocall early if the underlying closes at or above the initial level on any prior observation date. If not autocalled, principal repayment at maturity is contingent: full principal is returned if the final level is at or above the downside threshold (stated as $60.00, 60.00% of initial level in examples); if below, repayment is reduced pro rata to the underlying return and could result in a total loss. Trade date and related dates include trade date February 18, 2026, settlement February 20, 2026, final valuation date February 18, 2027, and maturity February 22, 2027. Example contingent coupon shown is 13.70% per annum with hypothetical estimated initial values between $9.45 and $9.70 per $10 note. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Microsoft Corporation, maturing on August 20, 2027. The Notes pay a contingent coupon on each coupon payment date only if the underlying closing level on the applicable observation date is at or above the coupon barrier; otherwise no coupon is paid.

The Notes will be automatically called early if the underlying closing level on any observation date before the final valuation date is at or above the initial level, in which case holders receive principal plus any contingent coupon on the corresponding call settlement date. 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 at maturity is reduced proportionally to the underlying return and investors could lose a substantial portion or all of their investment. The offering minimum is 100 Notes ($1,000); the estimated initial value as of the trade date is $9.79. All payments, including principal, are subject to the creditworthiness of UBS.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Microsoft Corporation, maturing on or about August 20, 2027. The notes pay a contingent coupon only if the underlying meets coupon barriers on observation dates and will be automatically called early if the underlying equals or exceeds the initial level on an observation date.

The trade date is February 18, 2026 with expected settlement on February 20, 2026. Minimum investment is 100 Notes (principal $10 per Note, $1,000 minimum). The preliminary pricing example shows a contingent coupon rate of 10.22% per annum, a coupon barrier/downside threshold at 80.00% of the initial level, and an estimated initial value range of $9.41 to $9.66 per Note. Payments, including any principal repayment, are subject to UBS credit risk and the contingent repayment applies only at maturity.

UBS AG offers $486,000 of Bearish Barrier Early Redeemable Market Linked Notes linked to the S&P 500® Index due May 18, 2027. The notes are issued at $1,000 per note with an estimated initial value of $990.30 and proceeds to UBS of $486,000.

The notes feature a digital return of 3.75% if the final level is equal to or greater than the initial level, and a capped absolute return (up to 20.00%) if the final level is below the initial level but never breached the lower barrier set at initial level minus 20.00% (cover lists the lower barrier as 5,468.94 on the trade date). If the closing level falls below the lower barrier on any observation day, the notes are redeemed early at principal with no positive return. All payments are subject to the creditworthiness of UBS.

UBS AG London Branch is offering capped leveraged buffered S&P 500® index‑linked medium‑term notes. The notes have a face amount of $1,000 each, no interest, an expected term of 14–16 months and a 150.00% upside participation rate, subject to a cap level expected between 109.17% and 110.75% of the initial underlier level. The notes include a 5.00% buffer (buffer level = 95.00%) and a maximum settlement amount expected between $1,137.55 and $1,161.25 per $1,000 face amount, each to be set on the trade date. The estimated initial value is expected to be between $956.00 and $986.00 per $1,000 face amount; the issue price is 100.00% of face with a 1.17% underwriting discount. Terms and settlement mechanics are subject to finalization on the trade date.

UBS AG offers Dual Directional Trigger Performance Leveraged Upside Securities (Trigger PLUS) linked to the VanEck® Gold Miners ETF with an aggregate principal amount of $3,390,000.

Each Trigger PLUS has a stated principal amount of $1,000.00, an issue price of $1,000.00 and a leverage factor of 2.0. The securities mature on September 3, 2027 and pay no interest. At maturity, payments depend on the underlying return of the ETF from the pricing date (February 13, 2026) to the valuation date (August 31, 2027): a leveraged upside up to a maximum upside gain of 46.00 (maximum payment $1,460.00), an absolute positive return up to $1,200.00 if the final price is at or above the trigger price ($83.15), or a principal loss equal to the underlying return if the final price is below the trigger price (no minimum payment at maturity). Investors assume market exposure to the ETF and the credit risk of UBS, and the estimated initial value ($970.10) is lower than the issue price.

UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of Oracle Corporation due on or about February 25, 2028. The notes pay a 16.70% per annum contingent coupon if observation-date closing levels meet the coupon barrier and are callable quarterly beginning six months after issuance. Principal repayment at maturity is contingent: if the final level is below the downside threshold (set at 50.00% of the initial level), holders suffer a loss equal to the percentage decline in the underlying; in extreme cases, all principal could be lost. Issue price is $1,000.00 per note with underwriting discount $23.50 and proceeds to UBS of $976.50 per note. Payments are subject to UBS creditworthiness and final terms will be set on the strike date.

UBS AG is offering $236,000 of Bearish Barrier Early Redeemable Market Linked Notes linked to the S&P 500® Index with a Digital Return of 3.00% and a lower barrier set at initial level minus 20.00%. The trade date is February 13, 2026, settlement is February 19, 2026, final valuation date is May 13, 2027, and maturity is May 18, 2027.

The Notes pay no interest, may be automatically redeemed early if the index closes below the lower barrier on any observation day (in which case investors receive only principal), and otherwise pay at maturity either the digital return of 3.00% if the final level is at or above the initial level or a positive payout equal to the absolute value of the underlying return (capped at 20.00%) if the final level is below the initial level but the lower barrier was not breached.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of three underlyings for a term to February 17, 2028. Each Note has a $1,000 principal amount, the total issue equals $1,510,000, and the estimated initial value was $969.50 as of the trade date.

The Notes pay a fixed contingent coupon only if each underlying meets its coupon barrier on an observation date; the stated contingent coupon rate is 18.70% per annum. UBS may call the Notes in whole on monthly observation dates beginning after three months. At maturity you either receive principal or an amount reduced by the negative return of the least performing underlying; in extreme cases you could lose all principal. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable GEARS linked to the Bloomberg Commodity Index 3 Month Forward. The notes have a trade date of February 25, 2026 and a maturity date of February 27, 2031

The securities pay no interest, may be automatically called if the underlying equals or exceeds the autocall barrier on the observation date (March 3, 2027), and otherwise return at maturity based on the underlying return multiplied by an upside gearing (set at 1.25 to 1.50) with a call return rate of 14.20% per annum. Principal repayment at maturity is contingent on both the final level and UBS creditworthiness; if final level is below the downside threshold (75.00% of the Initial Level), investors can suffer substantial or total loss.

UBS AG offers 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. The notes have a $1,000 principal per note, a contingent coupon rate of 12.50% per annum (payable only if each underlying meets coupon barriers on observation dates), monthly observation dates (callable after six months) and an expected term to maturity of approximately three years with a March 8, 2029 maturity and a March 3, 2026 trade date. If not called and the final level of any underlying is below its 70.00% downside threshold, principal repayment at maturity can be reduced pro rata to the negative return of the least performing underlying, potentially resulting in total loss. Estimated initial value range is $938.90 to $968.90, and the underwriting discount is $4.00 per note.

UBS AG is offering Trigger Callable Contingent Yield Notes 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, monthly observation dates, an issuer call feature beginning after three months and a stated contingent coupon rate shown on the cover. If the closing level of each underlying asset meets its coupon barrier on an observation date, a contingent coupon is payable; otherwise no coupon is paid. If UBS does not call the Notes and any underlying asset’s final level is below its downside threshold (70.00% of initial level), repayment at maturity will be reduced proportionally to the negative return of the least performing underlying asset, potentially resulting in a total loss. Payments, including principal, depend on UBS creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of the Nasdaq-100® Technology Sector and the S&P 500® Index. The notes have a principal amount of $1,000 per Note and an expected term of approximately three years.

Key economic terms set on the trade date: contingent coupon rate 9.40% per annum, monthly observation dates (callable after six months), call threshold 100.00% of initial levels, coupon barriers 70.00% of initial levels, downside thresholds 60.00% of initial levels. Trade date is February 27, 2026, settlement March 4, 2026, final valuation February 27, 2029, maturity March 2, 2029. The estimated initial value range is $950.20 to $980.20, and the issue price is $1,000 per Note (underwriting discount $5.00, proceeds to UBS $995.00).

The notes pay contingent coupons only if both underlying assets meet coupon barriers on observation dates, are subject to automatic early call if both underlyings meet call thresholds, and expose holders to full downside of the least performing underlying at maturity if downside thresholds are breached. Payments, including principal, are subject to UBS credit risk; holders may lose a significant portion or all of their investment.

UBS AG is offering $6,847,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of the Russell 2000® Index and the S&P 500® Index, maturing on February 16, 2029. Each Note has a $1,000 principal amount and a contingent coupon of 8.75% per annum payable only if both indices meet coupon barriers on observation dates. The Notes may be automatically called early if both indices meet call thresholds on an observation date, and principal repayment at maturity is contingent: if the final level of any underlying asset is below its downside threshold (70% of initial level), repayment may be reduced pro rata to the decline in the least performing underlying asset, potentially resulting in total loss. The estimated initial value per Note is $969.60. Payments are unsecured obligations of UBS and depend on UBS creditworthiness.

UBS AG is offering 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 (XLE).

Each Note has a principal amount of $1,000, an expected term of approximately three years, a contingent coupon rate of 11.15% per annum (payable only if each underlying asset meets its coupon barrier on observation dates), a coupon barrier of 70% of initial levels and a downside threshold of 60% of initial levels. Trade date is February 20, 2026, settlement February 25, 2026, final valuation February 20, 2029 and maturity February 23, 2029. UBS may call the Notes in whole on any quarterly call date beginning after six months.

Payments, including any repayment of principal, are subject to the creditworthiness of UBS. If UBS does not call the Notes and the final level of any underlying asset is below its downside threshold, the cash payment at maturity may be less than principal and could result in a loss up to 100% of the initial investment. The estimated initial value range is stated as $955.60 to $985.60.

UBS AG offers Trigger Autocallable Notes due on or about February 24, 2031 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 are unsecured obligations with a $1,000 principal amount per Note and monthly observation dates (callable after 12 months). UBS will increase an aggregate accreted return on an observation date only if each underlying asset equals or exceeds its accretion barrier; the preliminary contingent accreting return rate shown for one underlying asset is 9.25% per annum and an illustrative contingent accreting return per monthly observation is $7.7083. Trade and settlement are expected on February 19, 2026 and February 24, 2026, respectively, and the estimated initial value range is $961.00 to $991.00. Payments, including any repayment of principal, are subject to UBS credit risk and the Notes may be automatically called if all underlyings meet call thresholds on an observation date.

UBS AG is offering $4,629,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the VanEck® Gold Miners ETF (GDX), the State Street® SPDR® S&P® Regional Banking ETF (KRE) and the State Street® Energy Select Sector SPDR® ETF (XLE).

The Notes have a $1,000 principal amount per Note, a contingent coupon rate of 14.55% per annum and an estimated initial value of $972.60 as of the trade date. Trade and settlement are February 17, 2026 and February 20, 2026, respectively, and the Notes mature on November 21, 2030. Observation dates are monthly and the issuer may call the Notes in whole beginning after six months.

At maturity, if the final level of each underlying asset is at or above its downside threshold, UBS will repay the principal. If any underlying asset is below its downside threshold, repayment is contingent and may be less than principal, with loss equal to the negative return of the least performing underlying asset; in extreme cases you could lose all of your investment. Any payments depend on UBS’s creditworthiness.

UBS AG offers $1,000,000 Capped Buffer Securities linked to the shares of the SPDRS&P 500ETF Trust with a maturity date of February 25, 2027. Each Security has a principal amount of $1,000 and an issue price of $1,000.

Key economic terms: Maximum Gain 11.10% ($1,111.00 maximum payment), a Buffer of 15.00%, an Initial Level of $681.75 and a Downside Threshold of $579.49 (85.00% of the Initial Level). The estimated initial value on the trade date was $993.60.

At maturity the payment depends on the underlying return: positive returns pay principal plus the lesser of the underlying return and the maximum gain; small negative returns down to the downside threshold return principal; deeper losses below the threshold absorb losses beyond the buffer. All payments, including any contingent repayment of principal, are subject to UBScredit risk.

UBS AG offers $2,500,000 in Trigger Autocallable Contingent Yield Notes linked to the least performing of XLE, XLK and XLU, maturing February 21, 2031. Each Note has a principal amount of $1,000 and a contingent coupon rate of 12.15% per annum.

The Notes may pay periodic contingent coupons on monthly observation dates only if the closing level of each underlying asset meets or exceeds its coupon barrier; they will be automatically called if all three underlyings meet their call thresholds on an observation date (callable after three months). At maturity the principal is repaid only if the final levels of all underlyings meet their downside thresholds; otherwise repayment is reduced by the negative return of the least performing underlying asset, and investors could lose a significant portion or all of their investment.

UBS AG is offering $4,991,000 of Trigger Callable Contingent Yield Notes due February 22, 2030. The Notes pay a contingent coupon of 11.60% per annum if, on each observation date, the Nasdaq-100, Russell 2000 and XLK share are each at or above their coupon barriers; otherwise no coupon is paid.

The Notes are linked to the least performing underlying asset (Nasdaq-100 Index, Russell 2000 Index, State Street Technology Select Sector SPDR ETF). If not called by UBS, principal repayment at maturity is contingent: full principal is repaid only if every underlying asset finishes at or above its 60% downside thresholds; otherwise repayment is reduced proportionally to the negative return of the least performing underlying asset. The issue price is $1,000 per Note and the estimated initial value is $985.50.

UBS AG is offering $1,899,000 of Trigger Autocallable Contingent Yield Notes due February 23, 2029 linked to the least performing of the VanEck® Gold Miners ETF (GDX) and the Nasdaq-100® Technology Sector (NDXT). Each Note has a $1,000 principal amount and a contingent coupon rate of 12.60% per annum (contingent coupon $10.50 per period). The Notes are monthly-observed, callable after six months if both underlyings meet call thresholds, and repay principal at maturity only if both underlyings are at or above their 60% downside thresholds. If the least performing underlying is below its downside threshold at maturity, repayment will be reduced pro rata (you could lose a significant portion or all of your investment). The estimated initial value per Note on the trade date was $943.20 and the issue price is $1,000.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the least performing shares of the State Street® Communication Services Select Sector SPDR® ETF (XLC) and the State Street® Consumer Discretionary Select Sector SPDR® ETF (XLY). Each Note has a principal amount of $1,000, a contingent coupon rate of 7.75% per annum, a strike date of February 17, 2026, and a maturity date of February 23, 2028.

The Notes pay monthly contingent coupons only if both underlying ETFs meet coupon barriers on observation dates, are callable after ~12 months if both underlyings meet call thresholds, and at maturity may repay full principal only if both underlyings are at or above their downside thresholds; otherwise repayment declines with the worst-performing underlying. All payments are subject to UBS credit risk and secondary-market liquidity may be limited.

UBS AG offers $8,058,700 of Buffer Autocallable GEARS linked to the Russell 2000® Index. The securities have a $10 principal per security, a 10.00% autocall call return rate, a 10.00% buffer (downside threshold = 90.00% of the initial level) and an upside gearing of 1.58. If the closing level of the Russell 2000® on the observation date is at or above the autocall barrier, UBS will automatically call the securities and pay the call price (principal plus the call return). If not called, maturity payments depend on the underlying return, the upside gearing and whether the final level is below the downside threshold; losses can exceed the buffer and could result in the loss of most or all principal. The trade date is February 13, 2026 and maturity is February 15, 2029.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the SPDR® Dow Jones® Industrial Average ETF (DIA) and the State Street® SPDR® S&P® Regional Banking ETF (KRE). The Notes have an expected term of approximately three years, trade date February 20, 2026, settlement February 25, 2026 and maturity February 23, 2029. Contingent coupon range is 10.00% to 10.80% per annum; coupon and principal repayment are conditional on observation-date and final-level thresholds. Call threshold levels are set at 100.00% of each initial level; coupon barriers and downside thresholds are set at 70.00% of each initial level. Minimum investment is 100 Notes at $10.00 per Note. Payments, including principal, are subject to UBS credit risk; if not automatically called and a least-performing underlying finishes below its downside threshold, holders can lose a significant portion or all of principal.

UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index. The notes have a $1,000 principal amount, a contingent coupon rate of 10.55% per annum and are callable by UBS on monthly observation dates beginning after three months. The strike date is February 17, 2026, the trade date is February 18, 2026, the final valuation date is August 17, 2027 and the maturity date is August 20, 2027. If UBS does not call the notes and the final level of any underlying asset is below its 65.00% downside threshold, payment at maturity will reflect the negative return of the least performing underlying asset and could result in loss of a significant portion or all of principal.

UBS AG is offering Step Down Trigger Autocallable Notes linked to the least performing of the common stock of Freeport-McMoRan, Microsoft and Netflix, maturing February 16, 2029. The offering size is $1,000,000 in aggregate at $1,000 per Note with proceeds to UBS of $975,000. The Notes pay no interest but are callable on specified quarterly observation dates; the stated call return rate is 15.65% per annum and call threshold/downside thresholds are set at 100% down to 50% of each initial level. If called, investors receive the call price (principal plus the applicable call return). If not called, at maturity holders receive the share delivery amount of the least performing underlying asset (or cash for fractional or sub-1.0000 share delivery amounts), which could be worth significantly less than principal. The estimated initial value per Note is $941.20. Trade and settlement dates are February 13, 2026 and February 19, 2026, respectively.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index due February 19, 2030. The notes pay a monthly contingent coupon of 8.10% per annum (contingent coupon = $6.75 per note) only if each underlying asset is at or above its coupon barrier on an observation date. UBS may call the notes in whole on monthly observation dates beginning about 12 months after the trade date; if called you receive principal plus any contingent coupon due. At maturity, if all final levels are at or above each downside threshold (each 70.00% of initial level), UBS will repay principal; otherwise repayment declines in proportion to the percentage loss of the least performing underlying asset and you could lose a significant portion or all of your investment. The issue price is $1,000 per note, estimated initial value $928.80, and aggregate offering is $663,000. All payments are subject to UBS credit risk and there may be little or no secondary market.

UBS AG is offering $700,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest due February 16, 2029. The Notes pay a 14.25% per annum contingent coupon if each underlying (Freeport-McMoRan, Microsoft, Netflix) meets coupon barriers on monthly observation dates and are callable quarterly beginning after six months.

The Notes repay $1,000 per Note at maturity only if each underlying is at or above its downside threshold; otherwise holders receive the share delivery amount of the least performing underlying (physical delivery, with cash for fractional shares). All payments are subject to the creditworthiness of UBS.

UBS AG is offering Trigger Autocallable Notes with Contingent Accreting Return linked to the least performing of the Russell 2000® Index and the S&P 500® Index. The Notes have a principal amount of $1,000 per Note, a contingent accreting return rate of 9.00% per annum (as shown), monthly observation dates (callable after 12 months) and a term that matures on or about February 21, 2031. If on an observation date each underlying asset is at or above its accretion barrier, UBS will add a contingent accreting return to the aggregate accreted return; if on any observation date (beginning after 12 months) each underlying asset is at or above its call threshold, UBS will automatically call the Notes and pay principal plus any aggregate accreted return. If the Notes are not called and the final level of any underlying asset is below its downside threshold, payment at maturity will reflect a principal loss equal to the negative return of the least performing underlying asset. Payments (including any repayment of principal) are subject to UBS credit risk. Trade date and settlement are expected to be February 18, 2026 and February 23, 2026, respectively; the final valuation date is February 18, 2031.

UBS AG offers contingent income auto-callable securities linked to Zillow Group, Inc. Class C stock. These notes have a $1,000 stated principal per security, a contingent payment of $33.25 (equivalent to 13.30% per annum) payable when the underlying closing price meets the downside threshold of $21.99 (50.00% of the initial price). If the underlying closes at or above the call threshold of $43.97 on certain determination dates, the securities may be redeemed early at the stated principal plus applicable contingent payments. If not called and the final price is below the downside threshold, holders receive a cash value equal to the exchange ratio times final price and may lose a significant portion or all of their investment. Payments are unsecured obligations of UBS AG and subject to UBS credit risk. Determination dates run from May 18, 2026 through February 18, 2028, with contingent payment dates following in May/August/November/February and maturity on February 24, 2028.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000®, the S&P 500® and shares of the State Street® Utilities Select Sector SPDR® ETF. The notes have a $1,000 principal per note, trade date February 18, 2026, settlement February 23, 2026 and maturity February 23, 2029. They pay a 10.17% per annum contingent coupon when all three underlyings meet coupon barriers on an observation date, are callable by UBS monthly beginning after three months, and expose holders to full downside of the least performing underlying if its final level is below a 70.00% downside threshold. The estimated initial value range is $952.30 to $982.30 per note and the underwriting discount is $2.50 per note.

UBS AG priced an offering of $3,250,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of KeyCorp, maturing on February 16, 2029.

The Notes pay a contingent quarterly coupon at a 11.15% per annum rate if the underlying closing level meets the coupon barrier, are automatically callable if the underlying equals the call threshold (100% of the initial level), and expose holders at maturity to contingent repayment of principal tied to the final underlying level versus a downside threshold of $15.19 (70.00% of the initial level).

UBS AG is offering Airbag Autocallable Yield Notes linked to the common stock of MercadoLibre, Inc. with a total issuance of $925,000 and a principal amount of $5,000 per Note.

The Notes pay a fixed coupon of 10.60% per annum, have an initial level of $2,007.00, a call threshold equal to $2,007.00 (100% of the initial level) and a conversion level of $1,605.60 (80% of the initial level). If not auto‑called, maturity occurs on February 18, 2027 with physical delivery of 3.1141 shares per Note if the final level is below the conversion level; otherwise cash repayment of principal occurs. All payments depend on UBS creditworthiness.

UBS AG is offering Capped GEARS, unsecured debt securities linked to the S&P 500® Index, maturing around April 27, 2027. Each Security has a $1,000 principal amount and a term of about 14 months, with no periodic interest payments.

At maturity, investors get their principal plus upside if the index has risen, with gains multiplied by an upside gearing of 3.00 but capped at a maximum gain of 13.90%, or $1,139.00 per Security. If the index is unchanged, only principal is repaid.

If the S&P 500 has fallen, repayment is reduced one-for-one with the index loss, and investors can lose up to 100% of principal. Payments depend entirely on UBS’s creditworthiness, the Securities will not be listed, the estimated initial value is between $944.70 and $974.70, and secondary market liquidity may be limited.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Micron Technology stock, maturing February 19, 2027. These unsecured debt notes can pay a contingent coupon on each observation date only if Micron’s share price is at or above a preset coupon barrier.

The notes are automatically called early if Micron’s stock closes at or above the initial level on any observation date before maturity, in which case investors receive the principal plus the due contingent coupon and no further payments. If not called and Micron’s final share price is at or above a downside threshold, investors receive full principal back, potentially with a final coupon.

If the notes are not called and Micron’s final price is below the downside threshold, repayment is reduced in line with the share price decline, and investors can lose most or all of their principal. Payments depend entirely on UBS’s credit, the notes are not listed on an exchange, the minimum investment is 100 notes at $10 each, and the estimated initial value is $9.73 per note.

UBS AG plans to issue Trigger Autocallable Contingent Yield Notes linked to Micron Technology, Inc. common stock, maturing around February 19, 2027. These unsecured debt notes pay contingent coupons only when Micron’s share price on an observation date is at or above a coupon barrier.

The notes may be automatically called before maturity if Micron’s stock closes at or above the initial level on any observation date, in which case investors receive principal plus the applicable contingent coupon and no further payments. If not called, repayment of the $10 principal per note at maturity depends on Micron’s final stock level relative to a downside threshold; if the final level is below that threshold, investors are exposed to the full negative return of the stock and can lose all principal. The notes are subject to UBS credit risk, will not be listed on an exchange, require a minimum purchase of 100 notes, and have an estimated initial value between $9.40 and $9.65.

UBS AG is offering $232,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Lam Research Corporation, each with a $10 principal amount and scheduled to mature on February 22, 2028.

Investors receive a contingent coupon only on dates when Lam Research’s closing share price is at or above a preset coupon barrier. The notes are automatically called early, returning principal plus any due coupon, if the share price on an observation date (before final valuation) is at or above the initial level.

If the notes are not called and Lam Research’s final share price is at or above a downside threshold, principal is repaid at maturity. If the final price is below that threshold, repayment is reduced in line with the stock’s decline, and investors can lose their entire investment. All payments depend on UBS’s credit, and the estimated initial value is $9.77 per $10 note. The notes will not be listed on an exchange and may be hard to sell before maturity.

UBS AG is issuing Trigger Autocallable Contingent Yield Notes linked to the common stock of Lam Research Corporation, with a trade date of February 17, 2026 and a scheduled maturity on February 22, 2028.

These unsecured debt notes pay a contingent coupon only when the underlying stock closes at or above a preset coupon barrier on an observation date. The notes are automatically called early if the stock closes at or above the initial level on any observation date before final valuation, in which case investors receive principal plus the applicable contingent coupon and no further payments.

If the notes are not called and the final stock level is at or above a downside threshold, investors receive full principal at maturity; if it is below, repayment is reduced in line with the stock’s decline, and total loss of principal is possible. Any payment depends on UBS’s credit, the notes will not be listed on an exchange, the minimum investment is 100 notes at $10 each, and the estimated initial value per $10 note is expected between $9.42 and $9.67.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Caterpillar Inc. The Notes pay periodic contingent coupons only if the underlying stock meets coupon barriers on observation dates and can be automatically called early if the underlying equals or exceeds the initial level on an observation date.

The Notes mature on February 19, 2027 with a trade date of February 17, 2026 and settlement on February 19, 2026. Minimum investment is 100 Notes at $10 per Note; the estimated initial value range is $9.44 to $9.69.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of SLB N.V. (SLB Limited), maturing on February 22, 2028. Each Note has a principal amount of $10, with a minimum investment of 100 Notes (a $1,000 investment).

The Notes pay a contingent coupon only if SLB’s closing level on an observation date is at or above the coupon barrier, illustrated as $70.00, which is 70% of the initial level, with an example contingent coupon rate of 10.95% per annum. UBS will automatically call the Notes early if SLB’s level on an observation date before maturity is at or above the initial level, returning principal plus the coupon then due.

If the Notes are not called and SLB’s final level on February 17, 2028 is at or above the downside threshold (illustrated at $70.00), investors receive only their principal (plus any final coupon). If the final level is below the downside threshold, repayment is reduced in line with SLB’s percentage decline, and investors can lose some or all of their initial investment. All payments depend on the creditworthiness of UBS, and the estimated initial value per Note on the trade date is $9.62. The Notes will not be listed on any exchange and may be difficult to sell.

UBS AG is offering $210,000 of Trigger Autocallable Contingent Yield Notes linked to Royal Caribbean Cruises common stock, maturing February 22, 2028. The Notes pay a contingent coupon only when the stock closes at or above a preset coupon barrier on an observation date.

UBS will automatically call the Notes early if the stock closes at or above the initial level on any observation date before maturity, repaying the $10 principal per Note plus any due coupon, with no further payments. If not called, investors receive full principal at maturity only if the final stock level is at or above a downside threshold; otherwise, repayment is reduced in line with the stock’s decline and can fall to zero.

The Notes are unsecured, unsubordinated UBS debt and all payments depend on UBS’s creditworthiness. They are not listed on any exchange, have a minimum investment of 100 Notes at $10 each, and an estimated initial value of $9.78 per Note based on UBS internal models.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to MercadoLibre common stock maturing on February 22, 2028. The Notes pay a contingent coupon only if observation-date closes meet the coupon barrier and will autocall quarterly (beginning ~6 months) if the underlying meets the initial level. Principal is repaid at maturity only if the final level is at or above an 80.00% downside threshold; otherwise repayment equals $10 x (1 + underlying return), which can produce partial or total loss. Trade/settlement dates: February 17, 2026 / February 19, 2026. Example terms show a contingent coupon rate of 22.37% per annum (contingent coupon $0.5593 per $10 note) and an estimated initial value of $9.77. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of DraftKings Inc., maturing February 22, 2028. The Notes pay a contingent coupon only if the underlying closing level on an observation date is at or above the coupon barrier; otherwise no coupon is paid. The Notes 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; on an automatic call UBS pays the 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 UBS pays the principal amount; if the final level is below the downside threshold UBS pays an amount equal to $10 x (1 + Underlying Return), which can result in a percentage loss equal to the underlying return and, in extreme situations, a loss of the entire investment. Key stated terms include a contingent coupon rate of 22.12% per annum, a contingent coupon per $10 Note of $0.553, a downside threshold of $50.00 (50.00% of the initial level) and a coupon barrier of $56.00 (56.00% of the initial level). Trade and settlement dates are February 17, 2026 and February 19, 2026; final valuation and maturity dates are February 17, 2028 and February 22, 2028. The estimated initial value on the trade date is $9.72 per $10 Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to MercadoLibre, Inc. common stock, maturing on or about February 22, 2028. These unsecured notes pay a contingent quarterly coupon only when the stock closes at or above a preset coupon barrier on an observation date.

The notes auto-call quarterly, beginning about six months after issuance, if the stock closes at or above the initial level, returning principal plus that period’s coupon and ending the investment. If not called and the final stock level is at or above the downside threshold, investors receive only their $10 principal per note.

If the notes are not called and the final level is below the downside threshold, repayment is reduced in line with the stock’s decline, and all principal can be lost. Payments depend on UBS’s creditworthiness. The minimum investment is 100 notes at $10 each, and the estimated initial value is expected between $9.42 and $9.67 per note.