STOCK TITAN

[Form 4] Waste Connections, Inc. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

PSTG – Form 144 filing dated 07/31/2025 discloses a proposed sale of 163,925 common shares of Pure Storage, Inc. through Morgan Stanley Smith Barney on the NYSE. At the 07/30/2025 closing price implied by the filing, the transaction is valued at ≈ $9.71 million. The shares represent roughly 0.05 % of the company’s 326.8 million shares outstanding.

The shares were originally acquired on 10 Oct 2009 as “Founders Shares.” The seller plans to rely on Rule 10b5-1 and affirms possession of no undisclosed material information.

Recent activity: trusts identified as “THE COLGROVE FAM CHARITABLE REM TR” and “THE COLGROVE FAM LIVING TR” executed five 10b5-1 trades over the past three months, selling a combined 301,251 shares for ≈ $17.28 million.

Investor take-away: The filing signals continued insider monetization but involves a small fraction of outstanding equity. While not dilutive, the size and cadence of sales could modestly pressure near-term sentiment.

PSTG – Deposito del modulo 144 datato 31/07/2025 rivela una proposta di vendita di 163.925 azioni ordinarie di Pure Storage, Inc. tramite Morgan Stanley Smith Barney alla NYSE. Al prezzo di chiusura del 30/07/2025 indicato nel deposito, la transazione è valutata circa 9,71 milioni di dollari. Le azioni rappresentano circa lo 0,05% delle 326,8 milioni di azioni in circolazione della società.

Le azioni sono state originariamente acquisite il 10 ottobre 2009 come “Azioni dei Fondatori”. Il venditore intende avvalersi della Regola 10b5-1 e conferma di non possedere informazioni materiali non divulgate.

Attività recente: i trust identificati come “THE COLGROVE FAM CHARITABLE REM TR” e “THE COLGROVE FAM LIVING TR” hanno eseguito cinque operazioni 10b5-1 negli ultimi tre mesi, vendendo complessivamente 301.251 azioni per circa 17,28 milioni di dollari.

Considerazioni per gli investitori: Il deposito indica una continua monetizzazione da parte degli insider, ma riguarda una piccola frazione del capitale in circolazione. Pur non essendo diluitivo, la dimensione e la frequenza delle vendite potrebbero esercitare una modesta pressione sul sentiment nel breve termine.

PSTG – Presentación del formulario 144 con fecha 31/07/2025 revela una propuesta de venta de 163,925 acciones ordinarias de Pure Storage, Inc. a través de Morgan Stanley Smith Barney en la NYSE. Al precio de cierre del 30/07/2025 indicado en la presentación, la transacción está valorada en aproximadamente 9,71 millones de dólares. Las acciones representan aproximadamente el 0,05% de las 326,8 millones de acciones en circulación de la compañía.

Las acciones fueron adquiridas originalmente el 10 de octubre de 2009 como “Acciones de Fundadores”. El vendedor planea acogerse a la Regla 10b5-1 y afirma no poseer información material no divulgada.

Actividad reciente: los fideicomisos identificados como “THE COLGROVE FAM CHARITABLE REM TR” y “THE COLGROVE FAM LIVING TR” realizaron cinco operaciones 10b5-1 en los últimos tres meses, vendiendo en conjunto 301,251 acciones por aproximadamente 17,28 millones de dólares.

Conclusión para inversores: La presentación señala una continua monetización por parte de los insiders, pero involucra una pequeña fracción del capital en circulación. Aunque no es dilutiva, el tamaño y la frecuencia de las ventas podrían ejercer una presión moderada sobre el sentimiento a corto plazo.

PSTG – 2025년 7월 31일자 Form 144 제출은 Morgan Stanley Smith Barney를 통해 NYSE에서 Pure Storage, Inc.의 163,925주 보통주 매각 제안을 공개합니다. 제출서류에 따른 2025년 7월 30일 종가 기준으로 거래 가치는 약 9.71백만 달러에 달합니다. 해당 주식은 회사의 3억 2,680만 주 발행 주식의 약 0.05%에 해당합니다.

이 주식은 원래 2009년 10월 10일에 “창립자 주식”으로 취득되었습니다. 판매자는 Rule 10b5-1을 적용할 계획이며, 공개되지 않은 중요 정보를 보유하지 않았음을 확인합니다.

최근 동향: “THE COLGROVE FAM CHARITABLE REM TR”와 “THE COLGROVE FAM LIVING TR”로 식별된 신탁들이 지난 3개월간 5건의 10b5-1 거래를 실행하여 총 301,251주를 약 17.28백만 달러에 판매했습니다.

투자자 참고 사항: 이번 제출은 내부자의 지속적인 자산 현금화 신호이지만, 발행 주식의 극히 일부에 해당합니다. 희석 효과는 없으나, 매도 규모와 빈도가 단기적인 투자 심리에 다소 압박을 줄 수 있습니다.

PSTG – Dépôt du formulaire 144 daté du 31/07/2025 révèle une proposition de vente de 163 925 actions ordinaires de Pure Storage, Inc. via Morgan Stanley Smith Barney à la NYSE. Au cours de clôture du 30/07/2025 indiqué dans le dépôt, la transaction est estimée à environ 9,71 millions de dollars. Ces actions représentent environ 0,05 % des 326,8 millions d’actions en circulation de la société.

Les actions ont été initialement acquises le 10 octobre 2009 en tant que « Actions des Fondateurs ». Le vendeur prévoit de se conformer à la règle 10b5-1 et affirme ne pas détenir d’informations matérielles non divulguées.

Activité récente : les trusts identifiés comme « THE COLGROVE FAM CHARITABLE REM TR » et « THE COLGROVE FAM LIVING TR » ont réalisé cinq transactions 10b5-1 au cours des trois derniers mois, vendant au total 301 251 actions pour environ 17,28 millions de dollars.

À retenir pour les investisseurs : Le dépôt indique une monétisation continue par les initiés, mais concerne une faible fraction du capital en circulation. Bien que non dilutif, le volume et la fréquence des ventes pourraient exercer une pression modérée sur le sentiment à court terme.

PSTG – Form 144 Einreichung vom 31.07.2025 offenbart einen geplanten Verkauf von 163.925 Stammaktien von Pure Storage, Inc. über Morgan Stanley Smith Barney an der NYSE. Basierend auf dem Schlusskurs vom 30.07.2025, der im Einreichungsdokument angegeben ist, wird die Transaktion auf etwa 9,71 Millionen US-Dollar geschätzt. Die Aktien entsprechen etwa 0,05% der insgesamt 326,8 Millionen ausstehenden Aktien des Unternehmens.

Die Aktien wurden ursprünglich am 10. Oktober 2009 als „Gründeraktien“ erworben. Der Verkäufer plant, sich auf Regel 10b5-1 zu berufen und bestätigt, keine nicht offengelegten wesentlichen Informationen zu besitzen.

Aktuelle Aktivitäten: Die Trusts „THE COLGROVE FAM CHARITABLE REM TR“ und „THE COLGROVE FAM LIVING TR“ führten in den letzten drei Monaten fünf 10b5-1-Transaktionen durch und verkauften zusammen 301.251 Aktien im Wert von etwa 17,28 Millionen US-Dollar.

Fazit für Investoren: Die Einreichung signalisiert eine fortgesetzte Monetarisierung durch Insider, betrifft jedoch nur einen kleinen Bruchteil der ausstehenden Aktien. Obwohl nicht verwässernd, könnten Umfang und Frequenz der Verkäufe den kurzfristigen Markttrend leicht belasten.

Positive
  • None.
Negative
  • Founding family–linked entities plan to sell 163,925 shares (~$9.7 m) after unloading 301,251 shares (~$17.3 m) in the prior three months, signaling continued insider selling.

Insights

TL;DR – Small but steady insider sales; marginal downward sentiment risk.

The notice covers 163.9 k shares (~$9.7 m) to be sold by entities linked to the founding family. Coupled with the prior 301 k-share divestiture in the last quarter, total cash raised tops $27 m in nine months. Although the absolute stake is immaterial to the float, repetitive 10b5-1 activity can act as an overhang when investor conviction depends on accelerating subscription revenue. No operational data is provided; therefore, fundamental value is unchanged. I view the impact as slightly negative given the optics of founder-related selling.

TL;DR – Routine Rule 144 disclosure; governance controls appear intact.

The seller utilizes a 10b5-1 plan, reducing litigation risk and signaling compliance discipline. Filing language reaffirms no possession of MNPI. Size is below 1 % of daily volume, limiting market impact. Continuous diversification by long-tenured insiders is expected as the firm matures. I classify the event as neutral-to-minor; it warrants monitoring but does not indicate governance stress.

PSTG – Deposito del modulo 144 datato 31/07/2025 rivela una proposta di vendita di 163.925 azioni ordinarie di Pure Storage, Inc. tramite Morgan Stanley Smith Barney alla NYSE. Al prezzo di chiusura del 30/07/2025 indicato nel deposito, la transazione è valutata circa 9,71 milioni di dollari. Le azioni rappresentano circa lo 0,05% delle 326,8 milioni di azioni in circolazione della società.

Le azioni sono state originariamente acquisite il 10 ottobre 2009 come “Azioni dei Fondatori”. Il venditore intende avvalersi della Regola 10b5-1 e conferma di non possedere informazioni materiali non divulgate.

Attività recente: i trust identificati come “THE COLGROVE FAM CHARITABLE REM TR” e “THE COLGROVE FAM LIVING TR” hanno eseguito cinque operazioni 10b5-1 negli ultimi tre mesi, vendendo complessivamente 301.251 azioni per circa 17,28 milioni di dollari.

Considerazioni per gli investitori: Il deposito indica una continua monetizzazione da parte degli insider, ma riguarda una piccola frazione del capitale in circolazione. Pur non essendo diluitivo, la dimensione e la frequenza delle vendite potrebbero esercitare una modesta pressione sul sentiment nel breve termine.

PSTG – Presentación del formulario 144 con fecha 31/07/2025 revela una propuesta de venta de 163,925 acciones ordinarias de Pure Storage, Inc. a través de Morgan Stanley Smith Barney en la NYSE. Al precio de cierre del 30/07/2025 indicado en la presentación, la transacción está valorada en aproximadamente 9,71 millones de dólares. Las acciones representan aproximadamente el 0,05% de las 326,8 millones de acciones en circulación de la compañía.

Las acciones fueron adquiridas originalmente el 10 de octubre de 2009 como “Acciones de Fundadores”. El vendedor planea acogerse a la Regla 10b5-1 y afirma no poseer información material no divulgada.

Actividad reciente: los fideicomisos identificados como “THE COLGROVE FAM CHARITABLE REM TR” y “THE COLGROVE FAM LIVING TR” realizaron cinco operaciones 10b5-1 en los últimos tres meses, vendiendo en conjunto 301,251 acciones por aproximadamente 17,28 millones de dólares.

Conclusión para inversores: La presentación señala una continua monetización por parte de los insiders, pero involucra una pequeña fracción del capital en circulación. Aunque no es dilutiva, el tamaño y la frecuencia de las ventas podrían ejercer una presión moderada sobre el sentimiento a corto plazo.

PSTG – 2025년 7월 31일자 Form 144 제출은 Morgan Stanley Smith Barney를 통해 NYSE에서 Pure Storage, Inc.의 163,925주 보통주 매각 제안을 공개합니다. 제출서류에 따른 2025년 7월 30일 종가 기준으로 거래 가치는 약 9.71백만 달러에 달합니다. 해당 주식은 회사의 3억 2,680만 주 발행 주식의 약 0.05%에 해당합니다.

이 주식은 원래 2009년 10월 10일에 “창립자 주식”으로 취득되었습니다. 판매자는 Rule 10b5-1을 적용할 계획이며, 공개되지 않은 중요 정보를 보유하지 않았음을 확인합니다.

최근 동향: “THE COLGROVE FAM CHARITABLE REM TR”와 “THE COLGROVE FAM LIVING TR”로 식별된 신탁들이 지난 3개월간 5건의 10b5-1 거래를 실행하여 총 301,251주를 약 17.28백만 달러에 판매했습니다.

투자자 참고 사항: 이번 제출은 내부자의 지속적인 자산 현금화 신호이지만, 발행 주식의 극히 일부에 해당합니다. 희석 효과는 없으나, 매도 규모와 빈도가 단기적인 투자 심리에 다소 압박을 줄 수 있습니다.

PSTG – Dépôt du formulaire 144 daté du 31/07/2025 révèle une proposition de vente de 163 925 actions ordinaires de Pure Storage, Inc. via Morgan Stanley Smith Barney à la NYSE. Au cours de clôture du 30/07/2025 indiqué dans le dépôt, la transaction est estimée à environ 9,71 millions de dollars. Ces actions représentent environ 0,05 % des 326,8 millions d’actions en circulation de la société.

Les actions ont été initialement acquises le 10 octobre 2009 en tant que « Actions des Fondateurs ». Le vendeur prévoit de se conformer à la règle 10b5-1 et affirme ne pas détenir d’informations matérielles non divulguées.

Activité récente : les trusts identifiés comme « THE COLGROVE FAM CHARITABLE REM TR » et « THE COLGROVE FAM LIVING TR » ont réalisé cinq transactions 10b5-1 au cours des trois derniers mois, vendant au total 301 251 actions pour environ 17,28 millions de dollars.

À retenir pour les investisseurs : Le dépôt indique une monétisation continue par les initiés, mais concerne une faible fraction du capital en circulation. Bien que non dilutif, le volume et la fréquence des ventes pourraient exercer une pression modérée sur le sentiment à court terme.

PSTG – Form 144 Einreichung vom 31.07.2025 offenbart einen geplanten Verkauf von 163.925 Stammaktien von Pure Storage, Inc. über Morgan Stanley Smith Barney an der NYSE. Basierend auf dem Schlusskurs vom 30.07.2025, der im Einreichungsdokument angegeben ist, wird die Transaktion auf etwa 9,71 Millionen US-Dollar geschätzt. Die Aktien entsprechen etwa 0,05% der insgesamt 326,8 Millionen ausstehenden Aktien des Unternehmens.

Die Aktien wurden ursprünglich am 10. Oktober 2009 als „Gründeraktien“ erworben. Der Verkäufer plant, sich auf Regel 10b5-1 zu berufen und bestätigt, keine nicht offengelegten wesentlichen Informationen zu besitzen.

Aktuelle Aktivitäten: Die Trusts „THE COLGROVE FAM CHARITABLE REM TR“ und „THE COLGROVE FAM LIVING TR“ führten in den letzten drei Monaten fünf 10b5-1-Transaktionen durch und verkauften zusammen 301.251 Aktien im Wert von etwa 17,28 Millionen US-Dollar.

Fazit für Investoren: Die Einreichung signalisiert eine fortgesetzte Monetarisierung durch Insider, betrifft jedoch nur einen kleinen Bruchteil der ausstehenden Aktien. Obwohl nicht verwässernd, könnten Umfang und Frequenz der Verkäufe den kurzfristigen Markttrend leicht belasten.

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*
Netherton Susan

(Last) (First) (Middle)
3 WATERWAY SQUARE PLACE
SUITE 110

(Street)
THE WOODLANDS TX 77380

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Waste Connections, Inc. [ WCN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SR VP People, Training & Dev
3. Date of Earliest Transaction (Month/Day/Year)
07/29/2025
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 Shares 07/29/2025 S 1,500 D $191.12 11,726 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:
Remarks:
Susan Netherton 07/31/2025
** 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 Pure Storage (PSTG) shares are being registered for sale?

The Form 144 covers 163,925 common shares.

What is the estimated value of the proposed PSTG share sale?

Based on the filing, the sale is valued at approximately $9.71 million.

When is the planned sale date for the PSTG shares?

The filing lists an approximate sale date of 07/31/2025.

How many PSTG shares were sold by the same trusts in the last 3 months?

301,251 shares were sold, generating ≈ $17.28 million in gross proceeds.

What percentage of Pure Storage’s shares outstanding does the new sale represent?

The 163,925 shares equal roughly 0.05 % of the 326.8 million shares outstanding.
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