Bausch Health (BHC) director reports 4,586 RSUs and 38,408 shares owned

Rhea-AI Filing Summary

Bausch Health Companies Inc. director reported receiving an equity-based compensation award for board service. On December 31, 2025, the director acquired 4,586 restricted share units, each representing a contingent right to receive one common share of the company with no par value. These units were issued in lieu of cash compensation for serving on the board for the quarter ending December 31, 2025. Following this award, the director beneficially owned 38,408 common shares on a direct basis.

Insider Trade Summary

Net Buyer: 4,586 shares

Net Buy 1 txn

Insider LEUNG SANDRA

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Shares, No Par Value	4,586	$0.00	$0.00

Holdings After Transaction: Common Shares, No Par Value — 38,408 shares (Direct)

Footnotes (1)

1. F1. Reflects Restricted Share Units issued in lieu of cash compensation in connection with the Reporting Person's service on the Issuer's Board of Directors for the quarter ending December 31, 2025, each representing a contingent right to receive one common share, no par value, of the Issuer.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 01/02/2026 - 04:07 PM Learn about SEC filing dates

FAQ

What insider transaction did Bausch Health (BHC) report in this filing?

The filing reports that a director of Bausch Health Companies Inc. acquired 4,586 restricted share units on December 31, 2025, as part of their board compensation.

How many Bausch Health (BHC) shares does the director beneficially own after this transaction?

After the reported transaction, the director beneficially owned 38,408 common shares of Bausch Health Companies Inc., held directly.

What are the terms of the restricted share units granted by Bausch Health (BHC)?

The 4,586 restricted share units each represent a contingent right to receive one common share, no par value, of Bausch Health Companies Inc.

Why did Bausch Health (BHC) issue restricted share units instead of cash?

The restricted share units were issued in lieu of cash compensation for the director's service on the Bausch Health board for the quarter ending December 31, 2025.

Is this Bausch Health (BHC) insider transaction a purchase on the open market?

No. The filing shows the director acquired 4,586 common shares at a price of $0, indicating an equity compensation grant, not an open-market purchase.

What role does the reporting person have at Bausch Health (BHC)?

The reporting person is identified as a Director of Bausch Health Companies Inc. and filed the form as one reporting person.

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^*

LEUNG SANDRA

(Last) (First) (Middle)

400 SOMERSET CORPORATE BLVD.

(Street)

BRIDGEWATER NJ 08807

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Bausch Health Companies Inc. [ BHC ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

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 Shares, No Par Value	12/31/2025		A		4,586(1)	A	$0	38,408	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

Explanation of Responses:

1. Reflects Restricted Share Units issued in lieu of cash compensation in connection with the Reporting Person's service on the Issuer's Board of Directors for the quarter ending December 31, 2025, each representing a contingent right to receive one common share, no par value, of the Issuer.

	/s/ Brianna M. Cetrulo, attorney-in-fact	01/02/2026
	** 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.