Sec Form 4 Filing - APPIO THOMAS @ Bausch Health Companies Inc. - 2021-03-08

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person APPIO THOMAS 2. Issuer Name and Ticker or Trading Symbol Bausch Health Companies Inc. [ BHC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Pres&Co-Head Bausch&Lomb/Int'l (Last) (First) (Middle) 400 SOMERSET CORPORATE BOULEVARD 3. Date of Earliest Transaction (MM/DD/YY) 03/08/2021 (Street) BRIDGEWATER, NJ08807 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 03/08/2021 M 9,161 ( 1 ) A 219,762 D Common Shares, No Par Value 03/08/2021 A 28,144 ( 1 ) A $ 0 247,906 D Common Shares, No Par Value 03/10/2021 F 17,480 ( 3 ) D $ 32.97 230,426 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 Share Units ( 2 ) 03/08/2021 M 9,161 ( 4 ) 03/07/2021( 4 ) Common Stock 9,161 ( 2 ) 0 ( 5 ) D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other APPIO THOMAS 400 SOMERSET CORPORATE BOULEVARD BRIDGEWATER, NJ08807 Pres&Co-Head Bausch&Lomb/Int'l Signatures /s/ Kirsten O'Donnell, attorney-in-fact for Thomas Appio 03/10/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Reflects common shares, no par value ("Common Shares") of Bausch Health Companies Inc. (the "Company") issued to the reporting person following the vesting of, and certification of performance metrics relating to, performance-based Restricted Share Units ("PSUs") granted to the reporting person on March 7, 2018. ( 2 )Each PSU converts into Common Shares on a one-for-one basis. ( 3 )This number represents Common Shares withheld to satisfy the tax withholding obligations due upon vesting of PSUs and RSUs. ( 4 )The PSUs granted to the reporting person on March 7, 2018 were distributed on March 10, 2021 following certification of the achievement of certain performance metrics. ( 5 )This PSU award was previously reported on a Form 4 filed on March 9, 2018 with the maximum potential award amount of 14,776 shares. Any portion of the award not vested as of the transaction date was cancelled as of that 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).

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