Supernus (SUPN) director Carrolee Barlow receives RSU and option grants

Rhea-AI Filing Summary

Supernus Pharmaceuticals director Carrolee Barlow reported equity awards consisting of restricted stock units and stock options. On February 18, 2026, Barlow acquired 2,989 restricted stock units and 4,977 director stock options as compensation awards, with no cash paid per unit or option.

Each restricted stock unit represents the right to receive one share of Supernus common stock upon vesting. Both the restricted stock units and the options vest on February 18, 2027, at which time the restricted stock units will be settled in common stock and the options will become exercisable.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Barlow Carrolee

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	2,989	$0.00	--
Grant/Award	Director Stock Option (Right to Buy)	4,977	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 2,989 shares (Direct); Director Stock Option (Right to Buy) — 4,977 shares (Direct)

Footnotes (1)

1. Each restricted stock unit represents the right to receive one share of Supernus common stock upon vesting. These restricted stock units will be settled in common stock upon vesting, which will occur on February 18, 2027. Each option vests on February 18, 2027.

Form 4 Insider Transactions: What Each Field Means →

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^*

Barlow Carrolee

(Last) (First) (Middle)

C/O SUPERNUS PHARMACEUTICALS, INC.

9715 KEY WEST AVENUE

(Street)

ROCKVILLE MD 20850

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SUPERNUS PHARMACEUTICALS, INC. [ SUPN ]

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)
02/18/2026

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

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 Unit	(1)	02/18/2026		A		2,989		(2)	(2)	Common Stock	2,989	$0	2,989	D
Director Stock Option (Right to Buy)	$50.2	02/18/2026		A		4,977		(3)	02/18/2036	Common Stock	4,977	$0	4,977	D

Explanation of Responses:

1. Each restricted stock unit represents the right to receive one share of Supernus common stock upon vesting.

2. These restricted stock units will be settled in common stock upon vesting, which will occur on February 18, 2027.

3. Each option vests on February 18, 2027.

Remarks:

	/s/ Timothy C. Dec, as attorney-in-fact	02/20/2026
	** 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.

FAQ

What insider transactions did Supernus (SUPN) director Carrolee Barlow report?

Carrolee Barlow reported receiving equity awards, not open-market trades. She acquired 2,989 restricted stock units and 4,977 director stock options on February 18, 2026, as compensation, each with a grant price of $0.00 per unit or option.

What do the 2,989 restricted stock units granted to the SUPN director represent?

Each of the 2,989 restricted stock units represents the right to receive one share of Supernus common stock. These units will be settled in common stock when they vest, aligning the director’s compensation with the company’s share performance over time.

When do Carrolee Barlow’s Supernus (SUPN) restricted stock units and options vest?

Both the restricted stock units and the director stock options vest on February 18, 2027. At that time, the restricted stock units will be settled in common stock, and the options will become fully vested and exercisable according to their terms.

Were any Supernus (SUPN) shares bought or sold in this Form 4 filing?

No open-market share purchases or sales were reported. The Form 4 shows only equity award grants: 2,989 restricted stock units and 4,977 director stock options granted to Carrolee Barlow as compensation, with no cash transaction price per unit or option.

How many Supernus (SUPN) director stock options did Carrolee Barlow receive?

Carrolee Barlow received 4,977 director stock options described as rights to buy Supernus common stock. These options were granted on February 18, 2026, at a grant price of $0.00 and are scheduled to vest on February 18, 2027.