BHATT PADMANABH P. (Sr. VP of IP, CSO) sold 86.3% of their position (107.25K shares) of SUPERNUS PHARMACEUTICALS, INC. on the open market

Open‑market sale worth $5.39M — a major position exit. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 6 sales

BHATT PADMANABH P.

Filed: 3/18/2026ACC: 0001539215-26-000008

InsiderBHATT PADMANABH P.CIK 1539215

→

IssuerSUPERNUS PHARMACEUTICALS, INC.CIK 1356576

Officer· Sr. VP of IP, CSO

Since Feb 2026

-107.25K

Net shares

Net seller

$5.39M

Total sold

Open market trades

0B · 6S

Total transactions

107.25K acquired · 214.50K disposed

Non-Derivative Transactions14

Common Stock

Direct

M · Option Exercise

+22.75K

Price / share

$36.75

Trade value

$836.06K

% of position

133.5%

3/16/2026

17.04K→39.79K

Common Stock

Direct

M · Option Exercise

+4.25K

Price / share

$29.61

Trade value

$125.84K

% of position

10.7%

3/16/2026

39.79K→44.04K

Common Stock

Direct

M · Option Exercise

+18K

Price / share

$32.20

Trade value

$579.60K

% of position

40.9%

3/16/2026

44.04K→62.04K

Common Stock

Direct

M · Option Exercise

+5K

Price / share

$27.94

Trade value

$139.70K

% of position

8.1%

3/16/2026

62.04K→67.04K

Common Stock

Direct

S · Sale

−34.11K

Price / share

$50.18

Trade value

$1.71M

% of position

50.9%

3/16/2026

67.04K→32.93K

Common Stock

Direct

S · Sale

−15.89K

Price / share

$50.49

Trade value

$802.08K

% of position

48.2%

3/16/2026

32.93K→17.04K

Common Stock

Direct

M · Option Exercise

+22.75K

Price / share

$39.40

Trade value

$896.35K

% of position

133.5%

3/17/2026

17.04K→39.79K

Common Stock

Direct

M · Option Exercise

+12.25K

Price / share

$36.75

Trade value

$450.19K

% of position

30.8%

3/17/2026

39.79K→52.04K

Common Stock

Direct

M · Option Exercise

+15K

Price / share

$38.60

Trade value

$579K

% of position

28.8%

3/17/2026

52.04K→67.04K

Common Stock

Direct

S · Sale

−27.71K

Price / share

$49.95

Trade value

$1.38M

% of position

41.3%

3/17/2026

67.04K→39.33K

Common Stock

Direct

S · Sale

−22.29K

Price / share

$50.73

Trade value

$1.13M

% of position

56.7%

3/17/2026

39.33K→17.04K

Common Stock

Direct

M · Option Exercise

+7.25K

Price / share

$39.40

Trade value

$285.65K

% of position

42.5%

3/18/2026

17.04K→24.29K

Common Stock

Direct

S · Sale

−6.84K

Price / share

$49.55

Trade value

$338.82K

% of position

28.1%

3/18/2026

24.29K→17.46K

Common Stock

Direct

S · Sale

−412.00

Price / share

$50.48

Trade value

$20.80K

% of position

2.4%

3/18/2026

17.46K→17.04K

Total

Net shares

+0.00

Net value

-$1.50M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	3/16/2026	M · Option Exercise	+22.75K	$36.75	$836.06K	133.5%	17.04K	39.79K
Common Stock Direct	3/16/2026	M · Option Exercise	+4.25K	$29.61	$125.84K	10.7%	39.79K	44.04K
Common Stock Direct	3/16/2026	M · Option Exercise	+18K	$32.20	$579.60K	40.9%	44.04K	62.04K
Common Stock Direct	3/16/2026	M · Option Exercise	+5K	$27.94	$139.70K	8.1%	62.04K	67.04K
Common Stock Direct	3/16/2026	S · Sale	−34.11K	$50.18	$1.71M	50.9%	67.04K	32.93K
Common Stock Direct	3/16/2026	S · Sale	−15.89K	$50.49	$802.08K	48.2%	32.93K	17.04K
Common Stock Direct	3/17/2026	M · Option Exercise	+22.75K	$39.40	$896.35K	133.5%	17.04K	39.79K
Common Stock Direct	3/17/2026	M · Option Exercise	+12.25K	$36.75	$450.19K	30.8%	39.79K	52.04K
Common Stock Direct	3/17/2026	M · Option Exercise	+15K	$38.60	$579K	28.8%	52.04K	67.04K
Common Stock Direct	3/17/2026	S · Sale	−27.71K	$49.95	$1.38M	41.3%	67.04K	39.33K
Common Stock Direct	3/17/2026	S · Sale	−22.29K	$50.73	$1.13M	56.7%	39.33K	17.04K
Common Stock Direct	3/18/2026	M · Option Exercise	+7.25K	$39.40	$285.65K	42.5%	17.04K	24.29K
Common Stock Direct	3/18/2026	S · Sale	−6.84K	$49.55	$338.82K	28.1%	24.29K	17.46K
Common Stock Direct	3/18/2026	S · Sale	−412.00	$50.48	$20.80K	2.4%	17.46K	17.04K
Total			+0.00		-$1.50M

Derivative Transactions8

Employee Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

22.75K shares

−22.75K

Strike price

36.75

Held after

12.25K

Exercisable

—

3/16/2026

Employee Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

4.25K shares

−4.25K

Strike price

29.61

Held after

0.00

Exercisable

—

3/16/2026

Employee Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

18K shares

−18K

Strike price

32.20

Held after

0.00

Exercisable

—

3/16/2026

Employee Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

5K shares

−5K

Strike price

27.94

Held after

15K

Exercisable

—

3/16/2026

Employee Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

22.75K shares

−22.75K

Strike price

39.40

Held after

7.25K

Exercisable

—

3/17/2026

Employee Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

12.25K shares

−12.25K

Strike price

36.75

Held after

0.00

Exercisable

—

3/17/2026

Employee Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

15K shares

−15K

Strike price

38.60

Held after

Exercisable

—

3/17/2026

Employee Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

7.25K shares

−7.25K

Strike price

39.40

Held after

0.00

Exercisable

—

3/18/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Employee Stock Option (Right to Buy) Direct	Common Stock22.75K shares	3/16/2026	M · Option Exercise	−22.75K	36.75	—	12.25K
Employee Stock Option (Right to Buy) Direct	Common Stock4.25K shares	3/16/2026	M · Option Exercise	−4.25K	29.61	—	0.00
Employee Stock Option (Right to Buy) Direct	Common Stock18K shares	3/16/2026	M · Option Exercise	−18K	32.20	—	0.00
Employee Stock Option (Right to Buy) Direct	Common Stock5K shares	3/16/2026	M · Option Exercise	−5K	27.94	—	15K
Employee Stock Option (Right to Buy) Direct	Common Stock22.75K shares	3/17/2026	M · Option Exercise	−22.75K	39.40	—	7.25K
Employee Stock Option (Right to Buy) Direct	Common Stock12.25K shares	3/17/2026	M · Option Exercise	−12.25K	36.75	—	0.00
Employee Stock Option (Right to Buy) Direct	Common Stock15K shares	3/17/2026	M · Option Exercise	−15K	38.60	—	5K
Employee Stock Option (Right to Buy) Direct	Common Stock7.25K shares	3/18/2026	M · Option Exercise	−7.25K	39.40	—	0.00