Addus (ADUS) EVP Michael Wattenbarger Sells 892 Shares

What Happened Michael D. Wattenbarger, EVP and Chief Information Officer of Addus HomeCare Corp (ADUS), sold a total of 892 shares in two open-market transactions: 592 shares on 2026-02-24 at $107.35 each ($63,551) and 300 shares on 2026-02-25 at $105.36 each ($31,608), for aggregate proceeds of approximately $95,159. These were sales (not purchases) and thus do not indicate a purchase-based bullish signal.

Key Details

• Transaction dates & prices: 2026-02-24 — 592 shares @ $107.35; 2026-02-25 — 300 shares @ $105.36.
• Total shares sold: 892; total proceeds: ~$95,159.
• Purpose/footnotes: Sales were made pursuant to a pre-established 10b5‑1 trading plan to satisfy tax obligations upon vesting of restricted stock awards (10b5‑1 plan adoption date: 03/05/2025).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Report filed 2026-02-26; appears to be timely relative to the trade dates.

Context These sales were executed under a 10b5‑1 plan and cited tax withholding for vested restricted stock — a common, pre-arranged mechanism for executives to sell shares to cover taxes. Such sales are typically considered routine and do not, by themselves, imply management sentiment about the company’s near‑term prospects.