Assertio (ASRT) president gets 1,666 shares, sells 825 for taxes

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Assertio Holdings President and COO Paul Schwichtenberg reported routine equity compensation activity. On February 7, 2026, 1,666 restricted stock units settled into an equal number of common shares at $0 per share. To cover taxes on the vesting, 825 common shares were withheld and sold at $12.74 per share.

Following these transactions, Schwichtenberg directly owned 12,009 shares of Assertio common stock and held 1,667 restricted stock units outstanding. All amounts reflect Assertio’s 1-for-15 reverse stock split that took effect on December 26, 2025.

Insider Trade Summary

1,666 shares exercised/converted

Mixed 3 txns

Insider Schwichtenberg Paul

Role President and COO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,666	$0.00	--
Exercise	Common Stock	1,666	$0.00	--
Tax Withholding	Common Stock	825	$12.74	$11K

Holdings After Transaction: Restricted Stock Units — 1,667 shares (Direct); Common Stock — 12,834 shares (Direct)

Footnotes (1)

On December 26, 2025, the Issuer effected a 1-for-15 reverse stock split (the "Reverse Stock Split"). The number of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split. Represents shares of common stock withheld for payment of taxes upon the vesting of restricted stock units. 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. One-third of these restricted stock units vests on each of February 7, 2025, 2026 and 2027, assuming continued employment through the applicable vesting date. All share amounts have been adjusted to reflect the Reverse Stock Split. 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.

Form 4 Insider Transactions: What Each Field Means →

02/10/2026 - 06:27 PM

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^*

Schwichtenberg Paul

(Last)

(First)

(Middle)

ASSERTIO HOLDINGS, INC.

100 SOUTH SAUNDERS ROAD, SUITE 300

(Street)

LAKE FOREST

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)
02/07/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/07/2026		M		1,666	A	$0	12,834⁽¹⁾	D
Common Stock	02/07/2026		F		825⁽²⁾	D	$12.74	12,009	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0.0⁽³⁾	02/07/2026		M			1,666	⁽⁴⁾	02/07/2027	Common Stock	1,666	$0⁽⁵⁾	1,667	D

Explanation of Responses:

1. On December 26, 2025, the Issuer effected a 1-for-15 reverse stock split (the "Reverse Stock Split"). The number of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.

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

3. 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.

4. One-third of these restricted stock units vests on each of February 7, 2025, 2026 and 2027, assuming continued employment through the applicable vesting date. All share amounts have been adjusted to reflect the Reverse Stock Split.

5. 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	02/10/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

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

Assertio reported that President and COO Paul Schwichtenberg had 1,666 restricted stock units vest and settle into common shares. To cover tax obligations on this vesting, 825 common shares were withheld and sold, as disclosed in the Form 4 filed under Section 16 rules.

How many Assertio (ASRT) shares does Paul Schwichtenberg own after this Form 4?

After the reported transactions, Paul Schwichtenberg directly owned 12,009 shares of Assertio common stock. He also held 1,667 restricted stock units outstanding, which represent rights to receive additional shares if vesting conditions, including continued employment through future vesting dates, are satisfied.

At what price were the Assertio (ASRT) shares sold or withheld for taxes?

The Form 4 shows that 825 Assertio common shares were withheld and treated as sold at $12.74 per share to pay taxes on vested restricted stock units. The 1,666 shares issued from the restricted stock units carried an exercise or conversion price of $0 per share.

What are the vesting terms of Paul Schwichtenberg’s restricted stock units at Assertio (ASRT)?

One-third of the restricted stock units vests on each of February 7, 2025, 2026, and 2027, assuming continued employment through each vesting date. Each vested unit converts into one share of common stock, with all share counts adjusted for Assertio’s prior reverse stock split.

How did Assertio’s reverse stock split affect this Form 4 for ASRT?

Assertio completed a 1-for-15 reverse stock split on December 26, 2025. The Form 4 specifies that all share amounts, including vested restricted stock units, withheld shares, and remaining holdings, have been adjusted to reflect this reverse split, ensuring consistency with the post-split capital structure.

Did Paul Schwichtenberg pay cash for the Assertio (ASRT) restricted stock units?

The filing explains that the restricted stock units were granted to Paul Schwichtenberg and were not sold to him. As a result, he did not pay any cash consideration for these derivative securities; they represent contingent rights to receive shares upon vesting and settlement.