John Paulson - Sep 30, 2025 Form 4/A - Amendment Insider Report for Bausch Health Companies Inc. (BHC)

Role: Director
Signature: /s/ Brianna M. Cetrulo, attorney-in-fact
Stock symbol: BHC
Transactions as of: Sep 30, 2025
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 10/6/2025, 04:48 PM
Date Of Original Report: Oct 2, 2025
Previous filing: Aug 14, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Paulson John	Director	180 LAKEVIEW AVENUE, WEST PALM BEACH	/s/ Brianna M. Cetrulo, attorney-in-fact	2025-10-06	0001394923

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	BHC	Common Shares, No Par Value						70.8M	Sep 30, 2025	By Managed Funds	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This amendment is being filed to correct an administrative error in the Form 4 filed by the reporting person on October 2, 2025, which inadvertently misstated the amount of securities beneficially owned (indirectly). As corrected in this amendment, the amount of securities beneficially owned indirectly by the reporting person as of the transaction date is 70,755,869, which is consistent with the amount previously reported on the Form 4 filed on August 14, 2025.
F2	John Paulson, the controlling person of Paulson Capital Inc. ("Paulson"), serves on the board of directors of the Issuer. Paulson is the investment manager of investment funds (the "Funds"). John Paulson may be deemed an indirect beneficial owner of the securities, which are directly owned by the Funds. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Act"), the reporting person disclaims beneficial ownership of any securities reported herein, except to the extent that the reporting person has a pecuniary interest therein. This report shall not be deemed an admission that such reporting person is the beneficial owner of any securities not directly owned by such reporting person.

Content

This amendment is being filed to correct an administrative error in the Form 4 filed by the reporting person on October 2, 2025, which inadvertently misstated the amount of securities beneficially owned (indirectly). As corrected in this amendment, the amount of securities beneficially owned indirectly by the reporting person as of the transaction date is 70,755,869, which is consistent with the amount previously reported on the Form 4 filed on August 14, 2025.

John Paulson, the controlling person of Paulson Capital Inc. ("Paulson"), serves on the board of directors of the Issuer. Paulson is the investment manager of investment funds (the "Funds"). John Paulson may be deemed an indirect beneficial owner of the securities, which are directly owned by the Funds. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Act"), the reporting person disclaims beneficial ownership of any securities reported herein, except to the extent that the reporting person has a pecuniary interest therein. This report shall not be deemed an admission that such reporting person is the beneficial owner of any securities not directly owned by such reporting person.