UBS AG SEC Filings

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Alphabet Inc. Class C stock due February 22, 2028. The notes pay a contingent coupon only if the underlying's closing level on an observation date is at or above the coupon barrier; 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 before the final valuation date; on a call UBS pays principal plus any contingent coupon due. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold (example: $65.00, or 65.00% of the initial level); if the final level is below that threshold, repayment equals $10×(1+Underlying Return) and may result in full loss of principal. Trade and settlement dates are February 18, 2026 and February 20, 2026; final valuation and maturity dates are February 17, 2028 and February 22, 2028. The estimated initial value was $9.74, minimum investment is 100 notes ($1,000), and an example contingent coupon rate is 8.46% per annum (contingent coupon $0.2115 per $10 note). All payments are subject to UBS's creditworthiness.

UBS AG offers Trigger Autocallable GEARS linked to the iShares Expanded Tech-Software Sector ETF (IGV), maturing on February 28, 2029. The securities pay no interest and may be automatically called on the observation date if the underlying reaches the autocall barrier. Key economic terms shown include a 17.50% call return rate, upside gearing of 1.30 to 1.50, an autocall barrier equal to 100.00% of the initial level and a downside threshold equal to 75.00% of the initial level. Trade date and settlement are expected on February 25, 2026 and February 27, 2026, with an observation date of March 4, 2027 and final valuation on February 26, 2029. Minimum purchase is $1,000 (100 securities at $10 each). Any payments, including repayment of principal, depend on UBS creditworthiness and holders may lose a significant portion or all of their investment.

UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and shares of the VanEck® Semiconductor ETF. The Notes have a $1,000 principal amount, a contingent coupon rate of 18.30% per annum and an expected term of approximately 4.5 years, with a trade date of February 27, 2026, settlement on March 4, 2026, final valuation on August 27, 2030 and maturity on August 30, 2030. UBS may call the Notes in whole on monthly observation dates beginning after six months; contingent coupons are paid only if every underlying asset meets its coupon barrier on an observation date. At maturity, principal is repaid only if each underlying asset is at or above its downside threshold; otherwise repayment reflects the negative return of the least performing underlying asset, and investors could lose a significant portion or all of their investment. The estimated initial value range is $960.80 to $990.80 and the issue price is $1,000 per Note with a $5 underwriting discount.

UBS AG offers $2,675,000 in Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000^® Index and the S&P 500^® Index. The Notes pay a contingent coupon of 10.55% per annum on each coupon date only if both underlyings meet coupon barriers; UBS may call the Notes monthly beginning after three months. The Notes have an initial estimated value of $984.10 per Note, an issue price of $1,000 per Note, a strike date of February 17, 2026, and maturity on August 20, 2027. At maturity, if any underlying is below its downside threshold (65.00% of its initial level), repayment may be reduced pro rata to the negative return of the least performing underlying, potentially resulting in a total loss. Payments are subject to UBS credit risk.

UBS AG is offering $2,001,000 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the State Street Communication Services Select Sector SPDR ETF (XLC) and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY). The Notes have a principal amount of $1,000 per Note, a contingent coupon rate of 7.75% per annum, an estimated initial value of $982.10, and an issue price of $1,000 per Note. The strike date is February 17, 2026, the final valuation date is February 17, 2028, and the maturity date is February 23, 2028. The Notes are callable monthly beginning after 12 months if both underlying assets meet their call threshold (100% of initial levels). Coupon barriers are set at 70% of initial levels and downside thresholds at 60%. If not called and the least performing underlying asset finishes below its downside threshold, principal repayment is contingent and may result in substantial loss, including loss of all principal. All payments are subject to UBS credit risk.

UBS AG is offering $1,000,000 of Buffer Callable Contingent Yield Notes due February 19, 2027 linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500. The Notes pay a 6.75% per annum contingent coupon on any coupon date only if each underlying index is at or above its coupon barrier on the related observation date. UBS may call the Notes in whole on monthly observation dates beginning after three months. At maturity, principal is repaid only if each final index level is at or above a 70.00% downside threshold (a 30.00% buffer); otherwise repayment is reduced based on the loss of the least performing index. Payments are unsecured obligations of UBS and depend on UBS creditworthiness. The estimated initial value on the trade date was $989.80 and the issue price was $1,000 per Note.

UBS AG is offering UBS AG Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of MongoDB, Inc., due on or about February 23, 2029. The Notes have a principal amount of $1,000 per Note and a contingent coupon rate of 19.05% per annum. The Notes are callable on quarterly observation dates beginning after 12 months if the closing level of the underlying is at or above the call threshold (set at 100.00% of the initial level). The coupon barrier and downside threshold are each 50.00% of the initial level. Trade date is February 19, 2026 with expected settlement on February 24, 2026. UBS cites an estimated initial value range of $953.40 to $983.40 per Note as of the trade date. All payments, including any contingent coupons or repayment of principal, are subject to the creditworthiness of UBS.

UBS AG is offering Capped Buffer Contingent Absolute Return Securities linked to the S&P 500® Index with an issue price of $1,000 per Security. The notes feature a Maximum Upside Gain of 11.25%, a Buffer of 10.00%, trade date February 25, 2026, expected settlement March 2, 2026, final valuation date March 25, 2027 and maturity on or about March 31, 2027.

The payout at maturity depends on the underlying return: positive returns pay up to the 11.25% cap; zero or negative returns at or above the 90% downside threshold produce a contingent absolute return (capped at 10.00%); returns below the downside threshold result in principal losses beyond the 10% buffer. The estimated initial value range is $958.90 to $988.90 as of the trade date.

UBS AG London Branch priced a preliminary pricing supplement, dated February 19, 2026, for Digital S&P 500® Index-Linked medium-term notes with a face amount of $1,000 per note and an expected term of 22 to 25 months. The notes pay no interest and have a buffer level equal to 87.50% of the initial S&P 500 level and an expected cap level between 114.17% and 116.67% of the initial level. If the final level is at or above the buffer, holders receive a maximum settlement amount expected between $1,141.70 and $1,166.70 per $1,000 face amount. If the final level is below the buffer, holders lose exposure below the buffer at approximately 1.1429% of face for each 1% decline below the buffer and could lose their entire investment. The estimated initial value on the trade date is expected to be between $968.00 and $998.00 per $1,000 face amount; the issue price will exceed that estimated value. Terms and all numeric levels will be set on the trade date and are subject to completion and adjustment.