Director Johnson Mercedes sold 6,000 ADI shares (-76.6% of holdings) at $227.12 on 2025-03-05 for $1.4M.
Director Johnson Mercedes liquidated 76.6% of his ADI position, reducing holdings from 7,836 to 1,836 shares via a $1.4M sale at $227.12. The sale occurred near the 52-week high of $243.82 (within -8.6%), and comes as ADI faces headwinds: annual revenue declined -23.4% year-over-year, the P/E stands elevated at 70.72, and the stock has recovered +8.1% over 30 days and +2.1% over 90 days from depressed levels. Across his cross-ticker track record, Mercedes' prior three sales averaged +6.5% returns over 90 days (33.33% well-timed rate), indicating mixed execution timing historically. This substantial reduction in personal ownership warrants observation against ADI's revenue contraction and valuation profile.