ADUS EVP/CIO Wattenbarger sells 21,917 shares ($2.9M) across 6 transactions on 2024-08-26 at $133.29 blended average; retains 7,215 shares (75.2% reduction).
WATTENBARGER MICHAEL D., EVP/Chief Information Officer, executed 6 separate sales totaling 21,917 shares for $2,921,266.94 on 2024-08-26, reducing his holdings from 29,132 shares to 7,215 shares. The transaction prices ranged from $133.01 to $134.54, with a blended average of $133.29, near the current price of $132.14 and within 1.1% of the 52-week high of $133.58. The magnitude of this reduction—75.2% of pre-transaction holdings in a single filing date—represents a substantial liquidation by a senior executive at a company with $286.9M quarterly revenue and a P/E of 34.68. The multi-transaction structure and timing near 52-week highs warrant investor review of the circumstances driving such a material change in insider exposure.