WATTENBARGER MICHAEL D. 4

What Happened

• Michael D. Wattenbarger, EVP and Chief Information Officer of Addus HomeCare (ADUS), was granted 3,117 restricted shares (RSUs) on Feb 20, 2026 (acquired at $0.00) and sold 577 shares in an open‑market transaction on Feb 23, 2026 at $114.91 each, generating $66,303.
• The grant is an award (not a purchase); the sale is a disposition and is typically viewed as routine (the filing notes it was done under a pre‑established plan to satisfy tax obligations).

Key Details

• Transaction dates and prices:
  • 2026-02-20: Award of 3,117 RSUs (price $0.00).
  • 2026-02-23: Sale of 577 shares at $114.91 each for $66,303.
• Vesting: The 3,117 RSUs vest in equal installments on Feb 20 of 2027, 2028 and 2029 (subject to continued service and change‑in‑control acceleration).
• Sale reason: The sale was executed under a previously established 10b5‑1 trading plan to satisfy tax obligations arising from vesting of restricted stock awards (10b5‑1 plan adoption date: 03/05/2025).
• Shares owned after the reported transactions: Not provided in the summary filing excerpt.
• Filing timeliness: Form 4 filed 2026-02-24 for transactions reported through 2026-02-20/02-23; no late filing indicated.

Context

• The award (A) is a standard RSU grant that vests over multiple years; the sale (S) appears to be a routine tax‑related disposition under a 10b5‑1 plan rather than a directional investment bet. For retail investors, awards increase insider stake potential over time but do not necessarily signal near‑term insider optimism; sales under 10b5‑1 plans are commonly used to meet tax obligations.