Anderson Darby 4

What Happened
Darby Anderson, EVP & Chief Government Relations Officer of Addus HomeCare (ADUS), received a grant of 3,897 restricted shares on 2026-02-20 (award, $0 acquisition price). On 2026-02-23 Anderson sold 666 shares in an open-market transaction at $114.91 per share, generating proceeds of $76,530. The sale was executed under a previously established 10b5-1 trading plan and the filing lists the grant as subject to future vesting.

Key Details

• Transaction dates and prices: 2026-02-20 – Award of 3,897 shares at $0.00; 2026-02-23 – Sale of 666 shares at $114.91 ($76,530 proceeds).
• Shares owned after transaction: Not specified in the Form 4 excerpt.
• Footnotes from the filing:
  • F1: Award vests in equal installments on Feb 20 of 2027, 2028 and 2029, subject to continued service and change-in-control acceleration.
  • F2: Sale was made pursuant to a previously established 10b5-1 plan to satisfy tax obligations upon vesting of restricted stock awards.
  • F3: 10b5-1 plan adoption date: 03/05/2025.
• Filing: Report filed 2026-02-24 (timely within standard Form 4 reporting window).

Context
A restricted stock award (the A entry) is a non-cash grant that vests over time and does not itself indicate a market purchase. A 10b5-1 plan allows insiders to sell pre-scheduled shares; sales under such plans are often routine and used for purposes like tax withholding (as noted here). The open-market sale of 666 shares appears to be a planned transaction to cover tax obligations rather than an impromptu sale signaling a change in view.