MicroSectors FANG & Innovation -3x Inverse Leveraged ETN 424B Filings

Bank of Montreal is offering US$515,000 in Senior Medium-Term Notes, Series K: Autocallable Barrier Notes with Memory Coupons linked to the least performing common stock of First Solar (FSLR), lululemon (LULU) and Axon (AXON). The notes settle on February 23, 2026 and mature on February 23, 2029, with a valuation date of February 20, 2029.

The notes pay contingent quarterly coupons of 5.75% per quarter (approximately 23.00% per annum) when each reference asset closes at or above its coupon barrier (50% of the Initial Level). Automatic redemption begins on February 18, 2027 if each reference asset closes at or above 100% of its Initial Level. The estimated initial value on the pricing date is $942.73 per $1,000 principal amount.

Bank of Montreal is offering US$1,203,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the least performing of AAPL, META and INTC. The Pricing Date was February 18, 2026, Settlement Date February 23, 2026, Valuation Date February 17, 2028 and Maturity Date February 23, 2028.

The notes pay a contingent monthly coupon of 2.3667% per month (~28.40% per annum) if each Reference Asset on an Observation Date is at or above its Coupon Barrier (60% of the Initial Level). The notes are autocallable beginning May 20, 2026 if all Reference Assets meet their Call Level (100% of Initial Level). At maturity, if any Reference Asset’s Final Level is below its Trigger Level (60% of Initial Level), investors receive $1,000 × (1 + Percentage Change of the Least Performing Reference Asset); otherwise they receive $1,000. The estimated initial value on the Pricing Date was $975.86 per $1,000.

Bank of Montreal priced US$1,191,000 of Senior Medium-Term Notes, Series K — Callable Barrier Notes with Contingent Coupons linked to the least performing of the NASDAQ-100 Index (NDX), VanEck Junior Gold Miners ETF (GDXJ) and SPDR S&P Regional Banking ETF (KRE).

Pricing Date is February 18, 2026, Settlement Date February 23, 2026, Valuation Date January 19, 2028 and Maturity Date January 24, 2028. Contingent coupons pay 1.65% per month (~19.80% per annum) when each Reference Asset is at or above its 70.00% Coupon Barrier on observation dates. Notes are callable beginning August 19, 2026. Estimated initial value on the Pricing Date was $958.80 per $1,000 principal amount.

Bank of Montreal is offering Senior Medium-Term Notes, Series K: market-linked, auto-callable securities linked to the lowest performing common stock of Broadcom (AVGO), Robinhood (HOOD) and McDonald’s (MCD). The original offering price is $1,000 per security; proceeds to Bank of Montreal are $976.75 per security after an agent discount of $23.25. The preliminary pricing date is February 23, 2026, issue date February 26, 2026, and stated maturity date February 28, 2029. The contingent coupon rate will be determined at pricing and will be at least 23.30% per annum. The issuer’s estimated initial value is $952.50 per security (not less than $920.00 at pricing). These notes pay monthly contingent coupons only if the lowest performing Underlier meets its coupon threshold and expose investors to potential loss of principal if the lowest performing Underlier is below its downside threshold (50% of starting value) at maturity.

Bank of Montreal priced non‑interest notes linked to the MSCI EAFE Index® with a trade date of February 18, 2026 and a stated maturity of August 6, 2027 (determination date August 4, 2027, subject to postponement).

Each $1,000 note offers a 160% upside participation in positive index returns up to a maximum settlement amount of $1,199.20. An initial underlier level of 3,141.31 and a buffer of 12.50% (buffer level 2,748.64625) mean investors receive full principal if the final level declines by up to 12.50%; larger declines reduce principal at a rate of ~1.1429% per 1% below the buffer. The notes do not pay interest, are unsecured obligations of Bank of Montreal, have an original issue price of $1,000 and an initial estimated value of $994.50 per $1,000. All payments are subject to the issuer's credit risk and the notes will not be listed on an exchange.

Bank of Montreal priced a structured, principal‑at‑risk note linked to the iShares® Expanded Tech‑Software Sector ETF (IGV) with an original issue size of $14,400,000. The notes pay no interest, mature on May 13, 2027 (subject to postponement), and settle in cash based on IGV performance measured from the trade date (February 18, 2026) to the determination date (May 11, 2027).

Holders receive a fixed threshold settlement amount of $1,193.00 per $1,000 principal if the final underlier level is ≥ 90.00% of the initial level ($82.00). If below that threshold, losses apply at approximately 1.1111% of principal for each 1% decline below the threshold; investors could lose some or all principal. The notes are unsecured obligations of Bank of Montreal and are not FDIC‑insured.

Bank of Montreal is offering indexed, non‑interest notes linked to the S&P 500® Index. The trade date is February 18, 2026, original issue date February 23, 2026, and stated maturity is April 7, 2027 (subject to postponement).

Each note has a $1,000 principal amount. If the final index level on the determination date is ≥ the threshold level (85.00% of the initial level of 6,881.31), holders receive the threshold settlement amount of $1,077.30 per note. If below the threshold, holders lose approximately 1.1765% of principal for each 1.00% decline below the threshold and could lose some or all principal. The initial estimated value is $985.98 per note and aggregate original issue price shown is $5,400,000.00. Payments are unsecured obligations of Bank of Montreal and subject to its credit risk.

Bank of Montreal is issuing $2,000,000 of Senior Medium‑Term Notes, Series K, Redeemable Fixed Rate Notes due February 23, 2029. The Notes pay interest at 4.00% per annum, payable semi‑annually beginning August 23, 2026, and were issued on February 23, 2026.

The Notes have a principal amount of $1,000 per Note, an original issue price of $1,000.00 per Note, and total proceeds to the Bank of $1,994,000.00 after underwriting discounts. The Notes are redeemable by the Bank in whole (but not in part) on semi‑annual Optional Redemption Dates from February 23, 2027 through August 23, 2028 at 100% of principal plus accrued interest. The Notes are bail‑inable and may be converted into common shares under subsection 39.2(2.3) of the Canada Deposit Insurance Corporation Act.

Bank of Montreal offers principal-protected contingent outcome notes linked to the S&P 500® Index with a $1,000 principal amount per note. The notes mature after a determination date expected 22–25 months from the trade date and pay either a threshold settlement amount (expected between $1,143.20 and $1,168.40) if the final index level is ≥ 87.50% of the initial level, or a cash amount that declines about 1.1429% of principal for each 1% the final index level is below the threshold. The initial estimated value is expected within the range of $969.00 to $999.00 per $1,000 principal amount. Payments are unsecured obligations of Bank of Montreal and subject to its credit risk. The notes are not exchange-listed and are designed to be held to maturity.

Bank of Montreal is offering non‑interest linked notes with a principal amount of $1,000 per note, trade date February 18, 2026, original issue date February 23, 2026 and stated maturity March 22, 2027 (subject to postponement).

Payments are tied to the iShares Expanded Tech-Software Sector ETF (IGV) measured from an initial underlier level of $82.00 to the determination date. If the final underlier level is ≥ the threshold level of $65.60 (80.00% of $82.00) each note will pay the threshold settlement amount of $1,116.40. If below the threshold, holders lose 1.25% of principal for each 1% the final underlier is below the threshold, potentially losing some or all principal. The issuer’s estimated initial value is $981.31 per $1,000; original issue price is $1,000 with an underwriting discount of $10.80, and total original issue price shown is $16,143,000 with proceeds to the Bank of Montreal of $15,968,655.60. All payments are subject to the credit risk of Bank of Montreal.

Bank of Montreal priced US$1,000,000 Senior Medium-Term Notes, Series K, an autocallable barrier note with memory coupons linked to the Class A subordinate voting shares of Shopify Inc. ("SHOP"). The notes pay contingent quarterly coupons of 4.1625% per quarter (≈16.65% per annum) if the Reference Asset meets a coupon barrier of $56.35 (50.00% of the Initial Level) on Observation Dates and feature an automatic redemption if the Reference Asset is at or above the Call Level (100% of Initial Level) on an Observation Date. If not called, principal at maturity is paid in cash and is subject to downside exposure if the Final Level is below the Trigger Level of $56.35 (50.00% of the Initial Level); examples show potential principal loss proportional to the Reference Asset decline. The estimated initial value on the Pricing Date was $963.36 per $1,000.

Bank of Montreal priced US$1,036,000 Senior Medium‑Term Notes, Series K — Autocallable Barrier Notes linked to Amphenol Corporation (ticker APH). The notes mature on March 22, 2027, were priced on February 17, 2026, and settle on February 20, 2026.

Key economics: public offering price 100%, agent’s commission 2.15%, proceeds to Bank of Montreal $1,013,726. Contingent coupons equal $9.50 per $1,000 monthly (0.95% per month, ~11.40% per annum) if the Reference Asset closes at or above the Coupon Barrier on Observation Dates. The Initial Level is $148.57; Coupon Barrier and Trigger Level are both $86.17 (58.00% of Initial Level). The notes are autocallable if the Reference Asset closes at or above the Call Level (100% of Initial Level) on observation dates beginning August 19, 2026. The estimated initial value on the Pricing Date was $954.27 per $1,000.

Bank of Montreal offers $2,469,000 Senior Medium‑Term Notes, Series K — autocallable barrier notes linked to the least performing of the common stock of Microsoft, Amazon and Alphabet (Class A).

The notes were priced on February 17, 2026 with settlement on February 20, 2026 and mature on February 22, 2028. They pay a monthly Coupon of 0.8333% (approximately 10.00% per annum) and are subject to automatic redemption beginning on August 19, 2026 if each Reference Asset’s closing level on a Call Observation Date is at or above its Call Level. At maturity, if not redeemed, holders receive $1,000 per $1,000 principal unless a Trigger Event occurs; if a Trigger Event occurs the cash payment equals $1,000 + ($1,000 x Percentage Change of the Least Performing Reference Asset). The initial estimated value was $978.50 per $1,000 on the Pricing Date.

Bank of Montreal priced US$2,170,000 in Senior Medium‑Term Notes, Series K — Contingent Risk Absolute Return Buffer Notes due February 26, 2027. The notes are unsecured senior obligations and pay no interest; all payments are subject to the credit risk of Bank of Montreal.

The notes are linked to an equally weighted basket of six equities (MSFT, NOW, CRM, NFLX, ORCL, PANW) with a 200.00% upside leverage factor and a 10.00% downside buffer (Buffer Level 90.00%). Investors participate 200% in positive Basket appreciation, capped at a 20.50% Maximum Return (Maximum Redemption Amount $1,205.00 per $1,000). If the Basket declines but remains ≥ the Buffer Level, investors receive a positive return up to $1,100.00 per $1,000. If the Basket falls below the Buffer Level, investors lose 1% of principal for each 1% decline beyond the Buffer, potentially losing up to 90.00% of principal at maturity.

Bank of Montreal is offering non‑interest‑bearing, principal‑at‑risk notes linked to the iShares® Expanded Tech‑Software Sector ETF (Bloomberg: IGV). Each note has a $1,000 principal amount, an original issue price of $1,000 and an estimated initial value of $946.50 to $976.50 per $1,000. The notes may be automatically called on one of two observation dates (expected ~12–14 and ~24–28 months after trade date) if the underlier meets a call level equal to 87.00% of the initial underlier level; applicable call premiums are in the ranges 9.71%–11.40% (first call) and 19.42%–22.80% (second call). If not called, maturity depends on underlier performance at the determination date (expected ~36–42 months); the maturity premium range is 29.13%–34.20%. If final underlier < buffer level (87.00%), investors lose approximately 1.1494% of principal for every 1% decline below 87.00% and could lose some or all principal. Notes are unsecured obligations of Bank of Montreal, will not be listed, and are subject to the issuer’s credit risk.

Bank of Montreal is offering principal-protected-style equity-linked notes linked to the TOPIX® Index with a $1,000 principal amount per note and an original issue price of $1,000.00. The notes pay no interest and may be automatically called on a call observation date expected within 12–14 months.

If automatically called, holders receive the principal plus a call premium expected between 12.79% and 15.00%. If not called, maturity is expected at approximately 24 months and payoffs depend on index performance: an upside participation rate of 200% above the initial underlier level, a buffer protecting declines down to 90.00%, and a downside exposure of approximately 1.1111% loss of principal for each 1% the index falls below the buffer.

Bank of Montreal priced US$1,733,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the least performing of Apple Inc., Microsoft Corporation and Amazon.com, Inc. The Pricing Date was February 13, 2026, Settlement Date February 19, 2026, Valuation Date February 14, 2029 and Maturity Date February 20, 2029. The notes pay a 1.0417% monthly Contingent Coupon (approximately 12.50% per annum) when each reference asset closes at or above a Coupon Barrier (75% of initial levels). Trigger Levels are 50% of initial levels; a Trigger Event reduces payment at maturity based on the Percentage Change of the Least Performing Reference Asset. The notes are cash‑settled; estimated initial value was $962.82 per $1,000 principal amount. The public offering price was approximately $1,000 per $1,000 and the agent’s commission shown was 0.25%.

Bank of Montreal priced US$1,500,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons linked to the common stock of Advance Auto Parts, Inc. The notes mature on February 20, 2029 and pay quarterly contingent coupons of 4.94% per quarter (approximately 19.76% per annum) if the reference stock meets coupon barrier tests.

The notes feature automatic redemption beginning on August 17, 2026 if the Reference Asset closes above the Call Level, a Trigger Level and Coupon Barrier equal to $29.11 (50.00% of the Initial Level of $58.22), and an estimated initial value of $960.19 per $1,000 principal amount on the Pricing Date.

Bank of Montreal priced US$3,371,000 Senior Medium-Term Notes, Series K: Autocallable Barrier Notes with Memory Coupons due May 19, 2027, linked to the least performing of the S&P 500, NASDAQ-100 and Russell 2000.

Key terms: a contingent coupon of 0.975% per month (approximately 11.70% per annum) payable monthly if each reference asset meets a 70.00% coupon barrier on observation dates; an automatic redemption feature beginning on August 14, 2026 if all reference assets are at or above their call levels; a trigger at 65.00% of initial levels that can cause principal loss at maturity based on the least performing asset. The estimated initial value on the pricing date was $985.31 per $1,000 principal amount.

Bank of Montreal priced a structured note offering: $1,000 principal notes linked to the S&P 500® Index with a stated maturity of March 17, 2027 (subject to postponement) and a trade date of February 13, 2026.

Aggregate original issue price listed is $6,022,000.00 with proceeds to Bank of Montreal of $5,972,619.60. Each note pays no interest, has an initial estimated value of $984.41 per $1,000 principal, and will pay the threshold settlement amount of $1,087.00 per note only if the final underlier level is at or above 90.00% of the initial level (initial underlier level 6,836.17).

The notes expose holders to market risk tied to the underlier and to Bank of Montreal credit risk; if the final underlier level is below the threshold level, investors will incur losses at maturity based on the defined buffer formula.

Bank of Montreal priced a US$807,000 offering of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons linked to the common stock of Deckers Outdoor Corporation. The notes price at 100% of principal and settle on February 19, 2026, maturing on March 19, 2027.

The notes pay contingent monthly coupons of 0.9375% (approximately 11.25% per annum) if the Reference Asset closes at or above a Coupon Barrier of $67.12 (58.00% of the Initial Level) on each Observation Date. Beginning on August 14, 2026, the notes are subject to automatic redemption if the Reference Asset closes at or above the Call Level (100% of the Initial Level) on an Observation Date. At maturity, if the Final Level is below the Trigger Level ($67.12), investors may receive shares (Physical Delivery Amount) or a cash equivalent based on the Final Level; otherwise they receive principal plus any due Contingent Coupons.

Bank of Montreal priced a US$2,497,000 issuance of Senior Medium-Term Notes, Series K: Autocallable Barrier Notes with Memory Coupons linked to the ordinary shares of LyondellBasell Industries N.V. The notes price was 100% of principal and settle on February 19, 2026, with a February 20, 2029 maturity and a valuation date of February 14, 2029.

The notes pay a contingent coupon of 3.10% per quarter (approximately 12.40% per annum) when the Reference Asset closes at or above a Coupon Barrier of $28.81 (50.00% of the Initial Level). They are autocallable if the Reference Asset closes at or above the Call Level (100.00% of the Initial Level) on Observation Dates starting August 17, 2026. At maturity, if the Final Level is below the Trigger Level of $28.81, holders receive a declining cash payment tied to the Percentage Change, which can result in significant loss of principal.

Bank of Montreal priced US$4,833,000 of Senior Medium-Term Notes, Series K — Callable Barrier Notes with Contingent Coupons due February 20, 2029.

The notes pay contingent semiannual coupons of 4.20% per semiannual period (approximately 8.40% per annum) if each reference index is at or above its Coupon Barrier Level on the Observation Date, and are callable by the issuer beginning on August 17, 2026 subject to the Issuer Call feature. At maturity, if any Reference Asset closes below its Trigger Level on the Valuation Date (February 14, 2029), holders receive $1,000 × the Percentage Change of the Least Performing Reference Asset plus $1,000, which may be less than principal or zero.

Bank of Montreal priced US$3,931,000 Senior Medium-Term Notes, Series K: Autocallable Barrier Notes with Memory Coupons linked to the common stock of NRG Energy, Inc. The notes were priced on February 13, 2026, settle on February 19, 2026, and mature on February 20, 2029.

The notes pay a contingent quarterly coupon of 3.5875% (approximately 14.35% per annum) when the Reference Asset closes at or above the Coupon Barrier of $120.65 (70.00% of the Initial Level of $172.35). Beginning on February 17, 2027, the notes are subject to automatic redemption if the Reference Asset closes at or above the Call Level (100% of the Initial Level). At maturity investors receive $1,000 per $1,000 principal unless a Trigger Event occurs (Final Level below the Trigger Level of $120.65), in which case the cash payoff equals $1,000 plus $1,000 times the Percentage Change and may be less than principal.

The estimated initial value on the pricing date was $953.47 per $1,000 principal. The notes pay only in cash, are unsecured obligations of the Bank, and involve structural, reference-asset and tax risks described in the accompanying supplements.

Bank of Montreal priced US$1,966,000 Senior Medium-Term Notes, Series K. These are Barrier Notes with Contingent Coupons due February 20, 2029 linked to the least performing of the Dow Jones Industrial Average, Russell 2000 and S&P 500.

Contingent coupons pay 3.30% per semiannual period (approximately 6.60% per annum) when each Reference Asset on an Observation Date is at or above a Coupon Barrier Level equal to 65.00% of its Initial Level. A Trigger Event occurs if any Reference Asset’s Final Level is below its Trigger Level (also 65.00% of initial). At maturity the investor receives $1,000 per $1,000 unless a Trigger Event occurred, in which case the cash payment equals $1,000 plus $1,000 times the Percentage Change of the Least Performing Reference Asset. The Pricing Date was February 13, 2026, Settlement Date February 19, 2026, Valuation Date February 14, 2029, and the estimated initial value on the Pricing Date was $955.34 per $1,000 in principal.

Bank of Montreal priced US$2,040,000 of Senior Medium-Term Notes, Series K: Callable Barrier Notes with Contingent Coupons linked to the least performing of the S&P 500, NASDAQ-100 and Russell 2000.

The notes were priced on February 13, 2026 with settlement on February 19, 2026 and mature on February 20, 2029. Contingent coupons pay 3.625% per semiannual period (approximately 7.25% per annum) if each Reference Asset is at or above a Coupon Barrier (set at 60% of each Initial Level) on Observation Dates. The issuer may call the notes beginning on August 17, 2026 on an Observation Date.

The cover shows an estimated initial value of $962.36 per $1,000 principal amount; payment at maturity depends on the Percentage Change of the least performing Reference Asset and may be less than principal if a Trigger Event occurs.

Bank of Montreal is offering US$538,000 of Senior Medium‑Term Notes, Series K — Contingent Risk Absolute Return Buffer Notes due February 20, 2029, linked to the least performing of the S&P 500® and Russell 2000® indices. The notes provide 109.35% upside leverage on any positive Percentage Change of the least performing index and include an 18.00% buffer (Buffer Level = 82.00% of Initial Level). If the Least Performing Reference Asset falls but remains at or above the Buffer Level, investors can receive a capped positive downside payment up to the Maximum Downside Redemption Amount of $1,180.00 per $1,000 principal. If that asset falls below the Buffer Level, losses accrue one‑for‑one beyond the buffer and holders may lose up to 82.00% of principal. All payments are subject to the credit risk of Bank of Montreal. The issuer’s estimated initial value was $982.11 per $1,000.

Bank of Montreal priced $153,000 of Senior Medium-Term Notes, Series K — Capped Buffer Notes due August 19, 2027. Each note has a Maximum Redemption Amount of $1,140.00 per $1,000 principal (a 14.00% capped return) and a 10.00% downside buffer. If the S&P 500® Index falls more than the 10.00% buffer, the investor loses 1% of principal for each 1% decline beyond that point, up to a 90.00% loss. The notes pay no interest, are unsecured obligations of the Bank, are subject to the Bank’s credit risk, and will not be listed on an exchange. Payment at maturity is tied to the S&P 500® Index final level on the Valuation Date of August 16, 2027, and the notes were priced on the Pricing Date of February 13, 2026 with settlement on February 19, 2026.

Bank of Montreal is offering non-interest notes linked to the iShares® MSCI Emerging Markets ex China ETF. The trade date is February 13, 2026 and the original issue date is February 19, 2026, with a stated maturity of August 17, 2027 (determination date August 13, 2027, subject to postponement).

Key economic terms: initial underlier level $84.31; upside participation 125%; cap level $103.1819504 (122.384% of initial); maximum settlement amount $1,279.80 per $1,000 principal. If final underlier < initial, investors lose 1% of principal per 1% decline. Original issue price is $1,000.00, initial estimated value $968.72, underwriting discount $15.10.

The notes are unsecured obligations of Bank of Montreal, not FDIC‑insured, not listed for trading, and subject to issuer credit risk and U.S. federal tax uncertainty. The offering proceeds and underwriting figures are set forth on the cover page.

Bank of Montreal priced US$233,000 of Senior Medium-Term Notes, Series K Capped Buffer Notes linked to the S&P 500® Index. The notes were priced on February 13, 2026, settle on February 19, 2026 and mature on August 19, 2027. Each $1,000 note offers 1x positive participation up to a Maximum Redemption Amount of $1,190.00 (a 19.00% cap). The notes include a 10.00% buffer (Buffer Level = 6,152.55 from Initial Level 6,836.17); losses beyond the buffer reduce principal dollar-for-dollar, to a possible maximum loss of 90.00% of principal. The notes do not bear interest, are unsecured obligations of Bank of Montreal, and are subject to the issuer’s credit risk.

Bank of Montreal priced a US$846,000 series of Senior Medium‑Term Notes (Series K) due February 20, 2029, linked to shares of iShares® MSCI EAFE ETF (EFA). The notes offer a 120.00% upside leverage on any appreciation and carry an 80.00% barrier (Initial Level $104.24; Barrier Level $83.39). If EFA finishes below the barrier, investors lose 1% of principal for each 1% decline in the Reference Asset; the notes are payable only in cash and are unsecured obligations of the Bank of Montreal.

The Pricing Date was February 13, 2026, settlement February 19, 2026, and Valuation Date February 14, 2029. The issuer’s estimated initial value was $969.81 per $1,000 principal; price to public equals par. Payments and secondary market liquidity are subject to the issuer’s credit and BMOCM may act as agent and calculation agent.

Bank of Montreal prices US$20,000 Series K senior notes linked to iShares MSCI EAFE ETF

The pricing supplement sets terms for US$20,000 in Senior Medium-Term Notes, Series K, priced on February 13, 2026 with settlement February 19, 2026 and maturity February 20, 2029. Each $1,000 note offers a 105.00% upside leverage factor if the Reference Asset finishes at or above its initial level. A Barrier Level at $83.39 (80.00% of the Initial Level $104.24) means that if the Final Level is below the Barrier, investors lose 1% of principal for each 1% decline; principal may be lost in full. Notes pay no interest, will be paid in cash only, are unsecured obligations of Bank of Montreal and carry the issuer’s credit risk. The initial estimated value was $950.44 per $1,000 principal and the public offering price was 100% per note.

Bank of Montreal prices US$809,000 Senior Medium-Term Notes, Series K Autocallable Barrier Notes with Memory Coupons due February 20, 2029. The notes pay a contingent coupon of 0.7417% per month (~8.90% per annum) if each reference asset meets its coupon barrier on observation dates and include a Memory Coupon feature.

The notes link to the S&P 500® (SPX), Russell 2000® (RTY) and the Nasdaq-100 Technology Sector (NDXT). Coupon and trigger levels equal 60.00% of each Initial Level (SPX: 4,101.70; RTY: 1,588.018; NDXT: 7,444.41). Automatic redemption can occur beginning on August 17, 2026 if each Reference Asset is at or above its Call Level (100% of Initial Level). At maturity, if a Trigger Event occurs you receive $1,000 adjusted by the Percentage Change of the least performing Reference Asset; payments may be less than principal and could be zero.

Bank of Montreal priced US$3,100,000 Senior Medium-Term Notes, Series K: Autocallable Buffer Notes with Memory Coupons linked to the least performing of the S&P 500, Russell 2000 and the Nasdaq-100 Technology Sector.

Key terms: Pricing Date February 13, 2026, Settlement Date February 19, 2026, Valuation Date February 14, 2029, Maturity Date February 20, 2029. Contingent coupon equals 0.65% per month (approximately 7.80% per annum) if each reference asset meets its coupon barrier on an Observation Date. The notes carry a 30.00% buffer and a downside leverage factor of ~142.86%; estimated initial value was $985.39 per $1,000 principal on the Pricing Date.

Bank of Montreal priced a primary offering of US$2,431,000 in Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons linked to the S&P 500, Russell 2000 and Dow Jones Industrial Average.

The notes pay a contingent quarterly coupon of 2.25% per quarter (approximately 9.00% per annum) if each Reference Asset on an Observation Date is at or above its Coupon Barrier Level (set at 70.00% of each Initial Level). The notes may auto‑redeem beginning on February 16, 2027 if each Reference Asset is at or above its Call Level. If not redeemed, maturity payment on February 19, 2031 depends on the performance of the least performing Reference Asset; a Trigger Event occurs if any Reference Asset closes below its Trigger Level (70.00% of initial) on the Valuation Date.

Estimated initial value was $982.83 per $1,000 principal; proceeds to the issuer equal $2,431,000.

Bank of Montreal issues US$1,519,000 Senior Medium‑Term Notes, Series K, a barrier enhanced return structured note linked to the least performing of shares of the SPDR® Gold Trust (GLD) and the iShares® Silver Trust (SLV), priced on February 13, 2026 with settlement on February 19, 2026 and maturity on February 19, 2031.

The notes offer a 234.00% Upside Leverage Factor on any appreciation of the Least Performing Reference Asset, pay no interest, and return principal only if the Least Performing Reference Asset finishes at or above its Barrier Level (60.00% of the Initial Level). If the Least Performing Reference Asset falls below its Barrier Level, investors lose 1% of principal per 1% decline, potentially losing up to 100% of principal at maturity. Payments are unsecured and subject to Bank of Montreal credit risk; physical delivery of reference shares is not available.

Bank of Montreal priced $2,506,000 aggregate principal of Senior Medium-Term Notes, Series K — Autocallable Barrier Enhanced Return Notes due February 20, 2029 linked to the least performing of the common stock of Alcoa, Cenovus and Lam Research. The notes offer 200.00% upside leverage on the Least Performing Reference Asset if not auto‑redeemed and carry an automatic redemption feature on May 14, 2026 if each Reference Asset closes above its 70.00% Call Level; automatic redemption pays principal plus the Call Amount. Payments at maturity depend on the Least Performing Reference Asset relative to its Barrier Level (60.00% of Initial Level), can result in full loss of principal, do not pay interest, and are subject to issuer credit risk.

Bank of Montreal priced a US$1,884,000 offering of Senior Medium-Term Notes, Series K: Digital Return Barrier Notes due March 19, 2027, linked to the least performing of the S&P 500, NASDAQ-100 and Russell 2000. The notes pay a 7.75% digital return if the least performing index’s Final Level is >= 60.00% of its Pricing Date level; otherwise investors participate 1:1 in losses below that barrier, potentially losing up to 100% of principal. The notes are unsecured, non‑interest bearing, not exchange‑listed and subject to Bank of Montreal credit risk. Price to public was 100% (aggregate $1,884,000) with agent commission of 0.375% and estimated initial value of $982.71 per $1,000.

Bank of Montreal priced market‑linked notes—ETF Linked Securities due February 17, 2028 that reference an equally weighted basket of PPLT, GLD and SLV. The original offering price is $1,000.00 per security and the issuer’s estimated initial value is $954.12 per security.

The notes provide 125% upside participation subject to a 50.00% maximum return ($500.00) and a 15% downside buffer (threshold 85.00). If the basket’s ending value is below the threshold, investors bear 1:1 downside beyond the buffer and may lose up to 85% of face amount at maturity.

Bank of Montreal priced US$5,000,000 Senior Medium-Term Notes, Series K, callable barrier notes linked to the least performing of the S&P 500®, EURO STOXX 50® and Russell 2000®. The notes were priced on February 13, 2026, settle on February 19, 2026, have a valuation date of February 14, 2029 and mature on February 20, 2029. Coupons are contingent: 2.4375% per quarter (≈9.75% per annum) payable on scheduled Contingent Coupon Payment Dates only if each reference asset is at or above its 60.00% Coupon Barrier Level on the related Observation Date. The issuer may call the notes in whole on any Observation Date beginning May 15, 2026, in which case investors receive principal plus any applicable contingent coupon on the Call Settlement Date. At maturity, if not called, payment depends on the Percentage Change of the Least Performing Reference Asset; a Trigger Event occurs if any Final Level is below its Trigger Level (60.00% of Initial Level), which can reduce the principal repayment and could result in a repayment substantially below principal. The public offering price was generally 100% of principal (certain fee-based accounts between $995.40 and $1,000), estimated initial value was $990.73 per $1,000, and agent’s commission is disclosed as 0.46% on the cover.

Bank of Montreal is offering Market Linked Securities—auto‑callable, contingent‑coupon notes due February 16, 2029 linked to the lowest performing common stock of Amazon.com, Inc., NVIDIA Corporation and UnitedHealth Group Incorporated. The contingent coupon rate is 19.40% per annum, paid monthly if the lowest performing underlier meets its coupon threshold on the related calculation day. The original offering price is $1,000 per security and the issuer’s estimated initial value on the pricing date was $945.88. The securities are unsecured obligations of Bank of Montreal and expose holders to credit risk, limited upside (coupon-only) and full downside to the lowest performing underlier at maturity if that underlier’s ending value is below its downside threshold of 70% of starting value.

Bank of Montreal is issuing US$88,000 of Senior Medium-Term Notes, Series K, autocallable barrier enhanced return notes due February 20, 2029, linked to the Class A common stock of Palantir Technologies Inc. (PLTR). The notes offer 150.00% leveraged upside on any positive price change of Palantir at maturity if they are not called early, but pay no interest and are unsecured obligations of Bank of Montreal.

The notes can be automatically redeemed on February 19, 2027 if Palantir’s share price is above 100.00% of the $129.13 Initial Level, paying principal plus a $225 Call Amount per $1,000, equal to about 22.50% per annum. If not called and the Final Level is below the 60.00% Barrier Level of $77.48, investors lose 1% of principal for each 1% decline, up to a total loss.

The notes are sold at 100% of principal with a 4.50% agent commission, so net proceeds to Bank of Montreal are 95.50% of the offering amount. The estimated initial value is $910.57 per $1,000, reflecting structuring and hedging costs. The notes will not be listed, may be illiquid, and all payments depend on Bank of Montreal’s credit.

Bank of Montreal is offering US$25,000 Senior Medium‑Term Notes, Series K: Autocallable Barrier Enhanced Return Notes linked to the common stock of Tesla, Inc.

The notes pay no interest, have an Initial Level of $417.07, a Barrier Level of $250.24 (60.00% of Initial Level), and a Valuation Date of February 14, 2029 with Maturity on February 20, 2029. If on February 19, 2027 the closing level exceeds the Call Level (100.00% of Initial Level), the notes autocall and pay principal plus a Call Amount equal to $180.00 per $1,000 (approximately 18.00% per annum). If not called and the Final Level is below the Barrier Level, investors lose 1% of principal for each 1% decline below the Initial Level, potentially losing all principal.

The price to public was 100% ($1,000 per $1,000), Agent’s Commission 4.50%, estimated initial value $920.56 per $1,000, and payments are subject to the issuer’s credit risk.

Bank of Montreal priced US$2,384,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons linked to the least performing of the common stock of Tesla, Inc. and NVIDIA Corporation. The Pricing Date was February 12, 2026, Settlement Date February 18, 2026, and Maturity Date February 18, 2028. The notes pay a contingent monthly coupon of 1.9833% per month (approximately 23.80% per annum) if each reference asset on an Observation Date is at or above its Coupon Barrier Level (70% of Initial Level), with a Memory Coupon feature for unpaid coupons. The notes are automatically redeemable beginning on May 13, 2026 if each Reference Asset is at or above its Call Level (100% of Initial Level). At maturity, if a Trigger Event (any Final Level below its Trigger Level, 60% of Initial Level) occurs, the cash payment equals $1,000 plus the Percentage Change of the Least Performing Reference Asset, which may result in principal loss. The estimated initial value on the Pricing Date was $958.14 per $1,000 principal amount. The public offering price was 100% of principal, with an Agent’s Commission of 2.20% and Proceeds to Bank of Montreal of 97.80%.

Bank of Montreal is offering US$563,000 of Series K Callable Barrier Notes due February 18, 2028, linked to XLE, the S&P 500 Index and XLRE. The notes pay a contingent coupon of 0.935% per month (about 11.22% per year) if all three reference assets stay at or above their coupon barrier levels, each set at 70% of its initial level.

The notes can be called at the issuer’s option beginning November 13, 2026, returning principal plus any due coupon. If held to maturity without a trigger event, investors receive full principal; if any reference asset finishes below its 70% trigger level, repayment is reduced one-for-one with the worst performer and can fall to zero. The estimated initial value is $981.37 per $1,000 in principal.

Bank of Montreal is offering unsecured notes linked to the S&P 500® Index that pay no interest and are designed to be held to maturity over roughly 13 to 15 months. Each note has a $1,000 principal amount.

If the final index level is at or above 85.00% of the initial level, investors receive a fixed threshold settlement amount expected to range between $1,069.80 and $1,081.90 per note, giving a limited, capped positive return. If the final index level is below 85.00% of the initial level, the payoff falls below principal, with about 1.1765% of principal lost for every 1% the index finishes below the threshold, potentially down to zero.

The estimated initial value of each note is expected between $957.30 and $987.30, below the original issue price, reflecting dealer costs and hedging. The notes will not be listed on any exchange, may have little or no secondary market, and all payments depend on the creditworthiness of Bank of Montreal. Complex U.S. and Canadian tax rules and potential future tax changes also create additional risk.

Bank of Montreal is issuing $9,038,000 of S&P 500®‑linked notes due June 7, 2028. The notes pay no interest and are designed to be held to maturity. Each $1,000 note returns $1,197 at maturity if the S&P 500 final level is at least 85% of its initial level of 6,832.76.

If the index finishes below the 85% threshold, investors lose about 1.1765% of principal for every 1% the index falls below that level, up to a total loss. The notes are unsecured obligations of Bank of Montreal, have an estimated initial value of $996.82 per $1,000, and will not be listed on any exchange.

Bank of Montreal is issuing US$1,520,000 of Senior Medium-Term Notes, Series K, maturing on February 18, 2031, linked to the worst performer of the S&P 500 Index and the Russell 2000 Index. These “Digital Return Barrier Notes” offer a 43.20% digital return at maturity per $1,000 principal if the final level of the least performing index is at least 65% of its initial level.

If the least performing index falls more than 35% from its initial level (i.e., finishes below the 65% barrier), investors lose 1% of principal for each 1% decline, up to a total loss of principal. The notes pay no interest, are unsecured obligations of Bank of Montreal, and will not be listed on any exchange. The price to the public is 100% of principal, with a 0.15% agent’s commission and 99.85% of proceeds to Bank of Montreal. The estimated initial value is $981.38 per $1,000 based on the bank’s internal models, reflecting structuring and hedging costs and credit spreads.

Bank of Montreal is offering US$1,110,000 of Senior Medium-Term Notes, Series K, autocallable barrier notes due February 20, 2029, linked to the least performing of Coca-Cola (KO), Duke Energy (DUK) and Dell Technologies (DELL) shares.

The notes pay a 1.4333% monthly contingent coupon (about 17.20% per year) only if each stock stays at or above its coupon barrier, set at 60% of its initial level. If all three stocks are above their initial levels on specified call observation dates, the notes are automatically redeemed at par plus the coupon.

At maturity, if not called and no trigger event occurs, investors receive full principal; if any stock finishes below its 50% trigger level, repayment is reduced in line with the worst-performing stock and can fall to zero. The notes are unsecured obligations, not insured deposits, and their estimated initial value is $964.24 per $1,000 of principal.