Assertio (ASRT) EVP logs RSU vesting and 510-share tax withholding

Rhea-AI Filing Summary

Assertio Holdings EVP and General Counsel Sam Schlessinger reported routine equity compensation activity. He exercised and settled 1,143 restricted stock units into the same number of common shares at $0.00 per share, then had 510 common shares withheld at $11.84 per share to cover taxes. After these transactions, he directly owned 14,738 shares of Assertio common stock.

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^*

Schlessinger Sam

(Last) (First) (Middle)

ASSERTIO HOLDINGS, INC.

100 SOUTH SANDERS ROAD, SUITE 300

(Street)

LAKE FORREST 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, General Counsel

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	15,248	D
Common Stock	02/21/2026		F		510(1)	D	$11.84	14,738	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	02/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Assertio (ASRT) report for Sam Schlessinger?

Assertio reported that EVP and General Counsel Sam Schlessinger settled 1,143 restricted stock units into common stock. As part of this vesting event, 510 common shares were withheld to cover tax obligations, leaving him with 14,738 directly owned common shares.

Did Sam Schlessinger of Assertio (ASRT) buy or sell shares on the open market?

The filing shows no open-market buy or sell by Sam Schlessinger. He received 1,143 common shares from restricted stock unit vesting, and 510 shares were disposed of solely to satisfy tax withholding related to that equity award.

How many Assertio (ASRT) shares does Sam Schlessinger own after this Form 4?

After these transactions, Sam Schlessinger directly owns 14,738 Assertio common shares. This reflects 1,143 shares received from restricted stock unit vesting, offset by 510 shares withheld by the company to satisfy related tax obligations.

What does the restricted stock unit vesting mean in the Assertio (ASRT) Form 4?

The filing states each restricted stock unit represents the right to receive one share of common stock. On the vesting date, 1,143 units converted into 1,143 shares, consistent with a scheduled equity compensation vesting for Sam Schlessinger.

Why were 510 Assertio (ASRT) shares disposed of in Sam Schlessinger’s Form 4?

According to the footnotes, the 510 shares represent common stock withheld to pay taxes upon restricted stock unit vesting. This tax-withholding disposition is a standard administrative step, not an open-market sale initiated for investment reasons.