[144/A] Casella Waste Systems Inc SEC Filing

Rhea-AI Filing Summary

An amended Form 144 filed for Casella Waste Systems (NASDAQ: CWST) discloses a proposed Rule 144 sale by an affiliated insider. The filer plans to dispose of 1,292 common shares through broker Raymond James on or after 12 Mar 2025, with an estimated aggregate market value of $136,302. The shares, originating from recent restricted-stock-unit grants dated 10-12 Mar 2025 (totalling 2,507 shares), were received as equity compensation. Casella has 63.36 million shares outstanding, so the contemplated sale equals roughly 0.002 % of the float—too small to influence liquidity or price.

The same insider previously sold 5,206 shares for $592,182 on 3 Mar 2025. Rule 144 requires this notice and the signer affirms no undisclosed adverse information. Overall, the filing signals routine portfolio diversification rather than a material change in CWST’s fundamentals.

Positive

• Sale size is immaterial at 0.002 % of outstanding shares, limiting market impact.
• Shares stem from recent RSU grants, indicating continued use of equity-based incentives that align management and shareholder interests.

Negative

• Continued insider selling (5,206 shares earlier in March plus 1,292 planned) could be interpreted by some investors as a mildly bearish signal.

Insights

Securities Analyst

TL;DR: 1,292-share Form 144 sale (~$136k) equals 0.002 % of CWST float; fundamentally neutral.

The proposed disposal is immaterial relative to Casella’s market cap and daily volume. RSU origin confirms compensation alignment, while prior 5,206-share sale indicates ongoing diversification. No financial metrics or guidance are affected, so valuation drivers—waste-service pricing, margin expansion, M&A pipeline—remain unchanged. I view the filing as neutral for investors.

Corporate Governance Expert

TL;DR: Routine insider sale within Rule 144 framework; governance risk minimal.

The insider certifies unawareness of undisclosed adverse information, satisfying Rule 10b5-1 safeguards. Sale size is well below 1 % three-month volume threshold, reflecting adherence to SEC limits. Repeated but modest dispositions suggest liquidity needs rather than confidence erosion. Governance profile remains sound; no red flags on control, related-party activity or trading violations.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144/A

144/A: Filer Information

Filer CIK
Filer CCC
Previous Accession Number Of The Filing
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144/A: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144/A: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Raymond James & Associates, Inc. 880 Carillon Parkway St. Petersburg FL 33716	1292	136302.24	63358000	03/12/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144/A: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/10/2025	Restricted Stock Units Grant	Casella Waste Systems, Inc.			884	03/10/2025	Equity Compensation
Common	03/11/2025	Restricted Stock Units Grant	Casella Waste Systems, Inc.			735	03/11/2025	Equity Compensation
Common	03/12/2025	Restricted Stock Units Grant	Casella Waste Systems, Inc.			888	03/12/2025	Equity Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144/A: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Edmond Coletta 240 Grove Street Rutland VT 05701	Common	03/03/2025	5206	592182.5

144/A: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Casella Waste Systems' Form 144 filing disclose?

It reports an insider’s intent to sell 1,292 CWST common shares (≈$136k) under Rule 144 on or after 12 Mar 2025.

How significant is the planned 1,292-share sale relative to CWST’s float?

The sale equals about 0.002 % of the 63.36 million shares outstanding—an immaterial amount.

Where did the insider obtain the shares being sold?

They were acquired via restricted-stock-unit grants dated 10-12 Mar 2025 as part of equity compensation.

Has the insider recently sold other CWST shares?

Yes, the same filer sold 5,206 shares for $592,182 on 3 Mar 2025.

Does the filing indicate any undisclosed negative information about CWST?

No. The signer affirms awareness of no material adverse information not already public.