Addus HomeCare Insider Filing Shows New Equity Grant to Director

Rhea-AI Filing Summary

On June 18, 2025, Addus HomeCare Corp. (ADUS) filed a Form 4 reporting that board director Michael Earley was granted 1,172 restricted common shares at a purchase price of $0. The award will vest in full on June 18, 2026. After the grant, Earley now directly owns 11,951 ADUS shares and indirectly controls 2,695 shares through Bird Asset Management, LP, bringing his total beneficial ownership to 14,646 shares. No derivative securities were involved, and the filing does not reference any Rule 10b5-1 trading plan. Because the shares were awarded rather than purchased, the disclosure primarily reflects routine equity compensation intended to align the director’s interests with shareholders and encourage board retention, carrying limited immediate market impact.

Positive

• Director's direct shareholding rises to 11,951 shares, marginally increasing insider alignment with shareholders.
• One-year vesting period incentivizes board member retention through June 2026.

Negative

• No cash outlay; the grant does not reflect personal investment conviction.
• Grant size is modest (1,172 shares), limiting its signaling value to investors.

Insights

Securities Analyst

TL;DR: Routine equity grant; boosts director holdings, limited market signal.

The Form 4 shows an automatic equity compensation grant of 1,172 restricted shares to director Michael Earley. As no cash changed hands, the transaction does not indicate an active buying decision or revised valuation view. Post-grant ownership of 14,646 shares offers modest alignment but is unlikely to materially influence ADUS’s float or trading dynamics. I view the filing as informational and neutral for the share-price outlook.

Corporate Governance Expert

TL;DR: Standard board compensation; supports retention through 2026, no governance red flags.

The one-year vesting schedule encourages director continuity while avoiding multi-year overhang. The grant size appears typical for non-employee directors and keeps equity compensation within common practice. No indirect or derivative complexities were disclosed, and the attorney-in-fact signature meets Section 16 requirements. Overall, the event is governance-neutral with minor positive alignment effects.

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
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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^*

EARLEY MICHAEL

(Last) (First) (Middle)

6303 COWBOYS WAY

SUITE 600

(Street)

FRISCO TX 75034

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Addus HomeCare Corp [ ADUS ]

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025

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	06/18/2025		A		1,172(1)	A	$0	11,951	D
Common Stock								2,695	I	By Bird Asset Management, LP

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. Restricted shares granted to non-employee directors that will vest in full on June 18, 2026.

	/s/ Brian Poff, Attorney-In-Fact for Michael Earley	06/20/2025
	** 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

How many Addus HomeCare (ADUS) shares did director Michael Earley acquire?

He received 1,172 restricted common shares.

When will Michael Earley’s restricted ADUS shares vest?

The award will vest in full on June 18, 2026.

What is Michael Earley’s total ADUS share ownership after the transaction?

He now owns 11,951 shares directly and 2,695 shares indirectly, totaling 14,646.

Was the transaction an open-market purchase of ADUS stock?

No. It was a zero-cost equity grant (Transaction Code "A").

Did the Form 4 note a Rule 10b5-1 trading plan?

The filing does not indicate that the transaction was executed under a Rule 10b5-1 plan.