David Smail credited 221.11 RSU dividend units at $0; vesting 03/01/2026

Rhea-AI Filing Summary

Insider acquisition of dividend-equivalent units added 221.11 shares to ADT Inc. insider David W. Smail's holdings on 10/02/2025. The Form 4 reports these units were credited as $0 cost transactions tied to restricted stock units and will vest on 03/01/2026. After this change, the reporting person beneficially owns 399,510.11 shares (includes fractional shares previously unreported).

The filing clarifies the credited amount represents dividend equivalent units that accrued based on the closing share price on 10/02/2025, and fractional shares were included now due to brokerage reporting practices.

Positive

• Insider holdings increased by 221.11 dividend-equivalent units, signaling retained alignment with shareholders
• Transaction is non-cash ($0), reflecting standard accrual treatment for restricted stock unit dividend equivalents

Negative

• Units vest on 03/01/2026, creating a future date when shares may become tradable and potentially increase supply
• Fractional shares were previously unreported, indicating prior brokerage reporting practices omitted small amounts now corrected

Insights

Equity Compensation Analyst

Insider received dividend-equivalent units on outstanding RSUs that vest in 03/01/2026.

The transaction records 221.11 dividend-equivalent units granted at $0, which is standard when units represent accrued dividends on restricted stock units rather than a cash purchase. These units increase the reporting person’s beneficial ownership to 399,510.11 shares including fractional shares.

This change does not reflect a cash outlay and will only convert to full economic interest upon vesting on 03/01/2026; watch vesting and any subsequent sales or dispositions near that date for potential liquidity or signaling effects.

Corporate Governance Specialist

The Form 4 is a routine insider disclosure showing accrual-based share increases, not market purchases.

The filing identifies the reporting person as an executive officer (EVP, CLO and Secretary) and records units credited under existing equity awards; the transaction code and $0 price are consistent with dividend equivalents on RSUs. Inclusion of fractional shares was noted as a reporting correction tied to brokerage practices.

Material investor considerations are limited: monitor aggregate insider holdings and any future exercises, sales, or amendments to equity plans that could affect dilution or insider alignment over the next 6 months, especially around the 03/01/2026 vest date.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Smail David W

(Last) (First) (Middle)

C/O ADT INC.

1501 YAMATO ROAD

(Street)

BOCA RATON FL 33431

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ADT Inc. [ ADT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CLO and Secretary

3. Date of Earliest Transaction (Month/Day/Year)
10/02/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/02/2025		A		221.11(1)(2)	A	$0	399,510.11	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents dividend equivalent units, which accrued in accordance with the terms of the restricted stock units based on the closing price per share of Common Stock as of October 2, 2025, and which vest on March 1, 2026.

2. Amounts include fractional shares, which were not previously reported due to brokerage reporting practices.

Remarks:

	/s/MaryJon Donnelly, attorney-in-fact	10/06/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did ADT insider David W. Smail report on Form 4 (ADT)?

The Form 4 reports acquisition of 221.11 dividend-equivalent units on 10/02/2025, added at $0, increasing beneficial ownership to 399,510.11 shares.

Why is the transaction price listed as $0 on the Form 4 for ADT?

The $0 price reflects that these were dividend-equivalent units credited under restricted stock unit terms, not a cash purchase.

When do the credited units vest for ADT insider shares?

The filing states the dividend-equivalent units vest on 03/01/2026.

Does the Form 4 indicate any sale or disposition by the insider (ADT)?

No; the filing records an acquisition (code A) of 221.11 units and shows no dispositions.

Why were fractional shares included in this Form 4?

The filing explains fractional shares were not previously reported due to brokerage reporting practices and are now included.