ROSENBERG MICHELLE 4

What Happened
Michelle Rosenberg, Chief Administrative Officer & General Counsel of Janus Henderson Group plc (JHG), sold 22,000 shares in an open‑market transaction on February 18, 2026. The reported weighted average price was $49.27 per share, for aggregate proceeds of approximately $1,083,962. This was a sale (S) — a disposition of shares rather than a purchase.

Key Details

• Transaction date: 2026-02-18 (reported on Form 4 filed 2026-02-19).
• Transaction type/code: Open‑market sale (S).
• Shares sold: 22,000.
• Price: Weighted average $49.27; per‑share prices ranged $49.27–$49.295 (see footnote).
• Proceeds: ~$1,083,962.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The filing notes the reported price is a weighted average; the shares were sold in multiple transactions at prices between $49.27 and $49.295. The reporting person offers to provide details of amounts sold at each price upon request (Footnote F1).
• Timeliness: Filed the next day (2026-02-19), which is within normal Form 4 reporting windows — not indicated as late.

Context
This is a straightforward open‑market sale. Sales by corporate insiders can be routine (diversification, tax planning, liquidity) and do not by themselves confirm a change in outlook on the company. For retail investors, purchases are often more informative about insider confidence; a single sale should be considered alongside other insider activity and company fundamentals.