Assertio Holdings (ASRT) COO settles RSUs and withholds shares for taxes

Rhea-AI Filing Summary

Assertio Holdings, Inc. President and COO Paul Schwichtenberg reported equity compensation activity involving restricted stock units and common stock. He exercised 1,143 restricted stock units, which converted into 1,143 shares of common stock at a price of $0.0000 per share.

Of the resulting common shares, 566 were withheld at $11.8400 per share to cover tax obligations upon vesting, leaving him with 13,987 shares of common stock held directly after the transactions. Each restricted stock unit represents the right to receive one share of common stock.

The restricted stock units vest in three equal installments on February 21, 2024, February 21, 2025 and February 21, 2026, subject to continued employment. The derivative securities were granted to him without any purchase price being paid.

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

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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^*

Schwichtenberg Paul

(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)
	President and COO

3. Date of Earliest Transaction (Month/Day/Year)
02/21/2026

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	02/21/2026		M		1,143	A	$0	14,553	D
Common Stock	02/21/2026		F		566(1)	D	$11.84	13,987	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)	02/21/2026		M			1,143	(3)	02/21/2026	Common Stock	1,143	$0(4)	0	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 21, 2024, 2025 and 2026, 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 Paul Schwichtenberg	02/24/2026
	** 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).
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FAQ

What insider transactions did Assertio Holdings (ASRT) report for Paul Schwichtenberg?

Assertio’s President and COO, Paul Schwichtenberg, exercised 1,143 restricted stock units into 1,143 common shares and had 566 common shares withheld to cover taxes, resulting in 13,987 common shares held directly after these equity compensation-related transactions.

Did Paul Schwichtenberg of ASRT buy or sell shares on the open market?

The Form 4 shows an exercise of restricted stock units and shares withheld for taxes, not open-market buying or selling. The derivative securities were granted at no cost, and tax obligations were satisfied by delivering a portion of the resulting shares.

How many Assertio Holdings shares does Paul Schwichtenberg hold after these transactions?

After the reported equity compensation events, Paul Schwichtenberg directly holds 13,987 shares of Assertio Holdings common stock. This figure reflects the exercise of 1,143 restricted stock units and the withholding of 566 shares to satisfy associated tax liabilities.

What is the vesting schedule of the restricted stock units reported for ASRT’s President and COO?

The restricted stock units vest in three equal installments. One-third vests on February 21, 2024, another third on February 21, 2025, and the final third on February 21, 2026, assuming Paul Schwichtenberg remains employed through each vesting date.

At what price were ASRT shares withheld for Paul Schwichtenberg’s tax obligations?

A total of 566 Assertio Holdings common shares were withheld at a price of $11.8400 per share to pay taxes due upon the vesting and settlement of restricted stock units, as disclosed in the Form 4 footnotes.

Did Paul Schwichtenberg pay anything to receive the restricted stock units from Assertio Holdings?

The filing states the derivative securities were granted and not sold to him, so he paid no consideration for the restricted stock units. They represent a contingent right to receive common shares upon vesting and settlement.