Assertio CFO settles RSUs, withholds shares for tax

Assertio Holdings EVP and CFO Ajay Patel reported equity award activity involving restricted stock units (RSUs) and common stock.

Rhea-AI Filing Summary

Assertio Holdings EVP and CFO Ajay Patel reported equity award activity involving restricted stock units (RSUs) and common stock. On February 18, 2026, 2,778 RSUs were settled into 2,778 shares of common stock at $0.00 per share, reflecting a derivative exercise/conversion. To cover tax obligations upon vesting, 1,377 shares of common stock were withheld at $11.87 per share, reducing his directly held common stock to 15,365 shares. Following these transactions, Patel also held 5,555 RSUs directly, with one-third scheduled to vest on each of February 18, 2026, 2027 and 2028, assuming continued employment.

Insider Trade Summary

2,778 shares exercised/converted

Exercise 3 txns

Insider Patel Ajay

Role EVP and CFO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	2,778	$0.00	$0.00
Exercise	Common Stock	2,778	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	1,377	$11.87	$16K

Holdings After Transaction: Restricted Stock Units — 5,555 contracts (Direct); Common Stock — 15,365 shares (Direct)

Footnotes (4)

1. F1. Represents shares of common stock withheld for payment of taxes upon the vesting of restricted stock units.
2. F2. Each restricted stock unit represents the contingent right to receive one share of common stock. This transaction represents the settlement of vested restricted stock units in shares of common stock.
3. F3. One-third of these restricted stock units vests on each of February 18, 2026, 2027 and 2028, assuming continued employment through the applicable vesting date.
4. F4. The derivative securities were granted to the reporting person, and were not sold to the reporting person. As such, the reporting person did not pay any consideration for the derivative securities.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Assertio (ASRT) CFO Ajay Patel report?

Ajay Patel reported RSU vesting and related share movements. 2,778 restricted stock units converted into 2,778 common shares at $0.00 per share, and 1,377 common shares were withheld to satisfy tax obligations tied to the vesting event.

How many Assertio (ASRT) shares does the CFO hold after these transactions?

After the reported transactions, Ajay Patel directly holds 15,365 shares of Assertio common stock. He also holds 5,555 restricted stock units, which represent rights to receive additional common shares as they vest over future specified dates.

Were Ajay Patel’s Assertio (ASRT) transactions open-market buys or sells?

The transactions were not open-market buys or sells. They reflect a derivative exercise/conversion of 2,778 RSUs into common stock and a tax-withholding disposition of 1,377 shares to cover taxes due at vesting.

What is the vesting schedule for Ajay Patel’s remaining Assertio (ASRT) RSUs?

The remaining 5,555 restricted stock units vest in three equal installments. One-third vests on February 18, 2026, another third on February 18, 2027, and the final third on February 18, 2028, assuming continued employment.

At what price were Assertio (ASRT) shares withheld for Ajay Patel’s taxes?

The 1,377 common shares withheld to cover Ajay Patel’s tax liability were valued at $11.87 per share. This disposition was made to satisfy taxes arising from the vesting of restricted stock units, not as a discretionary market sale.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/20/2026 - 06:00 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Patel Ajay

(Last) (First) (Middle)

ASSERTIO HOLDINGS, INC.

100 SOUTH SAUNDERS ROAD, SUITE 300

(Street)

LAKE FOREST IL 60045

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Assertio Holdings, Inc. [ ASRT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and CFO

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/18/2026		M		2,778	A	$0	16,742	D
Common Stock	02/18/2026		F		1,377(1)	D	$11.87	15,365	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0.0(2)	02/18/2026		M			2,778	(3)	02/18/2028	Common Stock	2,778	$0(4)	5,555	D

Explanation of Responses:

1. Represents shares of common stock withheld for payment of taxes upon the vesting of restricted stock units.

2. Each restricted stock unit represents the contingent right to receive one share of common stock. This transaction represents the settlement of vested restricted stock units in shares of common stock.

3. One-third of these restricted stock units vests on each of February 18, 2026, 2027 and 2028, assuming continued employment through the applicable vesting date.

4. The derivative securities were granted to the reporting person, and were not sold to the reporting person. As such, the reporting person did not pay any consideration for the derivative securities.

	/s/ Sam Schlessinger, Attorney-in-Fact for Ajay Patel	02/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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