LaSala Joseph Frank 4

What Happened Joseph Frank LaSala, a director of Augusta SpinCo Corp, disposed of two blocks of the issuer's common stock on Feb 9, 2026: 1,155 shares and 944.478 shares (total 2,099.478 issuer shares). These issuer shares were first received by LaSala via a pro rata distribution from Becton, Dickinson & Co. (one block) and through his Becton 401(k) account (the other block), and then converted in a merger: each Augusta SpinCo share was exchanged for 0.135343148384084 shares of Waters Corporation common stock. Using Waters’ Feb 9, 2026 closing price of $328.14, the exchange equals roughly 284.15 Waters shares, with an approximate market value of $93,240. These were dispositions under a corporate transaction, not open-market sales.

Key Details

• Transaction date: Feb 9, 2026 (filed on Form 4 Feb 11, 2026).
• Transaction code: D (Disposition to issuer via merger/exchange).
• Shares disposed: 1,155 and 944.478 (total 2,099.478 issuer shares).
• Exchange ratio: 0.135343148384084 Waters shares per issuer share.
• Waters closing price on Feb 9, 2026: $328.14 → approximate value received: ~$93,240.
• Footnotes: F1/F3 — the issuer shares were acquired by LaSala via a pro rata distribution from Becton, Dickinson (one block) and via his BDX 401(k) account (the other); F2 — the shares were disposed in the merger pursuant to the merger agreement and converted into Waters stock.
• Shares owned after transaction: not specified on the filing; issuer shares were converted into Waters shares as part of the transaction.
• Filing timeliness: Form 4 was filed Feb 11, 2026 (within the typical 2-business-day window).

Context This activity reflects a corporate reorganization (a distribution from Becton, Dickinson followed by a merger exchange into Waters stock) rather than a personal open-market sale. The reporting person received Waters common stock in exchange — not cash — so the transaction is procedural under the merger terms. For retail investors, note this type of disposition is driven by deal mechanics and not necessarily a signal of the insider's view on the company.