Tax-driven 10b5-1 stock sale by Addus (ADUS) EVP and CIO

Rhea-AI Filing Summary

Addus HomeCare Corp executive Michael D. Wattenbarger, EVP and Chief Information Officer, reported selling 892 shares of common stock in two open-market transactions. He sold 592 shares at $107.35 per share and 300 shares at $105.36 per share, all classified as direct ownership.

According to the filing, these sales were made under a previously established Rule 10b5-1 trading plan and were undertaken to satisfy tax obligations arising from the vesting of restricted stock awards granted by Addus. After these transactions, Wattenbarger directly holds 9,444 shares of Addus common stock.

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

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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).

X

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^*

WATTENBARGER MICHAEL D.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Information Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

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	02/24/2026		S(1)(2)		592	D	$107.35	9,744	D
Common Stock	02/25/2026		S(1)(2)		300	D	$105.36	9,444	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. This transaction reflects the sale of shares, made pursuant to a previously established 10b5-1 plan, for the purpose of satisfying tax obligations due upon the vesting of restricted stock awards granted by the Issuer.

2. Adoption date of referenced 10b5-1(c) plan is: 03/05/2025

	/s/ Brian Poff, Attorney-in-Fact for Michael D. Wattenbarger	02/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider stock transactions did Addus HomeCare (ADUS) report for Michael D. Wattenbarger?

Addus HomeCare reported that EVP and Chief Information Officer Michael D. Wattenbarger sold 892 shares of common stock. The transactions involved two open-market sales on consecutive days, with all shares held and sold as direct ownership according to the Form 4 filing details.

At what prices did Addus HomeCare (ADUS) executive Michael D. Wattenbarger sell his shares?

Michael D. Wattenbarger sold 592 Addus HomeCare shares at $107.35 per share and 300 shares at $105.36 per share. Both transactions were reported as open-market sales of common stock, reflecting routine insider activity disclosed in the Form 4 filing.

How many Addus HomeCare (ADUS) shares does Michael D. Wattenbarger hold after these sales?

After the reported transactions, Michael D. Wattenbarger directly holds 9,444 shares of Addus HomeCare common stock. This post-transaction balance reflects the net position following his sale of 892 shares in two open-market trades disclosed in the Form 4 insider report.

Were Michael D. Wattenbarger’s Addus HomeCare (ADUS) stock sales part of a 10b5-1 plan?

Yes. The filing states that Michael D. Wattenbarger’s stock sales were executed under a previously established Rule 10b5-1 trading plan. Such plans pre-schedule trades, and in this case the sales were linked to meeting tax obligations on vesting restricted stock awards.

Why did Addus HomeCare (ADUS) executive Michael D. Wattenbarger sell shares?

The Form 4 notes that Michael D. Wattenbarger sold the shares to satisfy tax obligations arising when restricted stock awards vested. These tax-related sales were carried out under an adopted Rule 10b5-1 trading plan, indicating pre-arranged transactions rather than discretionary market-timing trades.

What is the significance of the 10b5-1 plan mentioned in the Addus HomeCare (ADUS) Form 4?

The 10b5-1 plan allows pre-arranged trading of Addus HomeCare shares by Michael D. Wattenbarger. The filing specifies his sales followed this established plan and were tied to tax obligations from vesting restricted stock, helping separate routine tax-related activity from discretionary insider trading decisions.