ADI Global Distribution (ADIG) 10% Owner Resideo Receives & Distributes Shares

What Happened
Resideo Technologies, Inc., reported as a 10% owner, received roughly 75.9 million shares of ADI Global Distribution Inc. common stock and 150,000 shares of ADI Series A convertible preferred as part of the internal reorganization related to ADI’s August 3, 2026 spin‑off. Resideo immediately disposed of those holdings by distributing the ADI common stock pro rata to Resideo common stockholders (one ADI share for every two Resideo shares) and exchanging/disposing of the 150,000 preferred shares. The common share disposition shows a $0.00 sale value (pro rata dividend); prices for the grants are listed as N/A. The preferred is convertible at the holder’s option (initial conversion price $16.152) and has no expiration.

Key Details

• Transaction date: August 3, 2026 (reported on Form 4 filed Aug 5, 2026). Filing appears timely.
• Common stock: ADI issued to Resideo ~75,918,198 shares (A); Resideo distributed ~75,923,198 shares (J) as a pro rata dividend — disposition reported at $0.00.
• Preferred (derivative): ADI issued 150,000 shares of Series A convertible preferred to Resideo (A); Resideo exchanged/disposed of 150,000 preferred (S). Conversion price: $16.152 initially (subject to anti‑dilution). Preferred convertible at holder’s option; no expiration.
• Shares owned after transaction: Resideo disposed of the ADI common and preferred it was issued in the reorganization, so it does not retain those ADI holdings reported here.
• Notable footnotes: transactions were part of the announced ADI spin‑off (F1–F4). Remark notes an employee of Resideo was a director of ADI on Aug 3, 2026, so Resideo “may be deemed” a director by deputization.
• Transaction codes: A = grant/award/acquisition, J = other acquisition/disposition in connection with spin‑off, S = open market/private sale (used here for derivative disposition).

Context
This filing documents corporate, not personal, insider trading: it reflects an institutional reorganization (spin‑off) and the pro rata distribution of ADI shares to Resideo shareholders, not a market buy or sell signal by an individual executive. The preferred shares are convertible into ADI common shares at the holder’s option, which could affect future share count if converted.