GAFFNEY SEAN 4

What Happened Sean Gaffney, Executive Vice President and Chief Legal Officer of Addus HomeCare Corp (ADUS), was granted 3,897 restricted shares on 2026-02-20 (no purchase price) and sold 737 shares in an open-market transaction on 2026-02-23 at $114.91 per share, generating proceeds of $84,689. The grant is a restricted stock award (reported as an acquisition A = award); the sale (S) was executed under a pre-established 10b5-1 trading plan and was used to cover tax obligations associated with the award.

Key Details

• Grant: 3,897 restricted shares on 2026-02-20, reported at $0.00 acquisition price. (Footnote F1)
• Sale: 737 shares sold on 2026-02-23 at $114.91 per share, proceeds $84,689. (Footnote F2)
• Shares owned after transaction: not specified in the provided filing excerpt.
• Vesting: Award vests in equal installments on Feb 20 of 2027, 2028 and 2029; standard continued-service conditions and potential acceleration on a change in control. (F1)
• Sale reason: Transaction made pursuant to a 10b5-1 plan to satisfy tax withholding on the restricted shares; plan adoption date 03/07/2025. (F2, F3)
• Filing timeliness: Form filed 2026-02-24; based on transaction dates (2/20 and 2/23) this filing is within the normal two-business-day Form 4 reporting window.

Context

• The award is restricted stock with multi-year vesting; the reported sale was not a market-timing buy signal but a routine disposition tied to tax obligations under a pre-set 10b5-1 plan.
• For retail investors, grants increase an insider’s potential future stake but are subject to vesting conditions; sales under 10b5-1 plans are typically planned in advance and do not necessarily reflect a change in an insider’s view of the company.