The concentrated selling by a former CEO insider over a one-week window is a bearish signal. Traders should monitor for additional Form 144 or Form 4 filings and watch for any negative company-specific news or earnings pre-announcements that may have prompted the sales.
Price Chart
Executive Summary
Jay L. Geldmacher, former CEO of Resideo (REZI) and current insider at ADI Global Distribution, filed a Form 144 on August 20, 2026, signaling intent to sell up to 35,000 shares of ADIG common stock, valued at approximately $798,017.50. The filing also references two recent prior sales on August 14 and August 19 totaling 119,563 shares for ~$2.69M, indicating a concentrated selling campaign by a key insider. This is a notable bearish signal given the insider's role and the magnitude of recent sales.
Key Facts
- Jay L. Geldmacher (former REZI CEO, current ADIG insider) filed Form 144 to sell 35,000 shares of ADIG common stock, valued at ~$798,017.50.
- The filing also discloses two recent prior sales: 37,000 shares on 08/19/2026 (~$790,297.80) and 82,563 shares on 08/14/2026 (~$1,899,926.08).
- Total recent sales (including the proposed sale) amount to 154,563 shares worth approximately $3.49 million.
- The shares to be sold are from restricted stock and performance shares granted in 2023 and 2024.
- The proposed sale is to be executed through Morgan Stanley Smith Barney LLC.
Financial Impact
Proposed sale of 35,000 shares (~$798K) plus two prior sales totaling 119,563 shares (~$2.69M) in the same week, for a combined ~$3.49M in insider selling.
Risk Factors
- Insider selling may signal lack of confidence in near-term prospects or upcoming negative catalyst.
- The proposed sale may not be completed, but the pattern of recent sales is already established.
- No company-specific financial data (earnings, guidance) was provided in the filing to contextualize the sales.
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (ADIG) — Batch item 1 | 0001950047-26-008496 |
| Document: 0001950047-26-008496-index.html | 0001950047-26-008496 |
| Document: 0001950047-26-008496.txt | 0001950047-26-008496 |
| 144 Filing (ADIG) — Batch item 4 | 0001950047-26-008496 |
| Document: 0001950047-26-008496-index.html | 0001950047-26-008496 |
| Document: 0001950047-26-008496.txt | 0001950047-26-008496 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 14d ago | 144 | $16.51 | awaiting T+20 | — | $17.14 (+3.82%) |
Oct 8, 2026 18d ago | SC 13G | $17.20 | awaiting T+20 | — | $17.14 (−0.35%) |
Sep 11, 2026 6w ago | 144 | $20.35 $16.95 | ▲ +16.71% | ▲ +18.97% | $17.14 (+15.77%) |
Aug 21, 2026 9w ago | 144 | $22.10 $21.02 | ▲ +4.89% | ▲ +6.20% | $17.14 (+22.44%) |
Aug 20, 2026 9w ago | 144 | $21.12 $20.92 | ▲ +0.95% | ▲ +0.42% | $17.14 (+18.84%) |
Aug 13, 2026 10w ago | 8-K | $25.82 $20.53 | ▼ −20.49% | ▼ −18.74% | $17.14 (−33.62%) |
Aug 4, 2026 12w ago | 8-K | $22.00 $20.34 | ▼ −7.55% | ▼ −6.31% | $17.14 (−22.09%) |
Jul 14, 2026 15w ago | 8-K | — | awaiting T+20 | — | — |
Jul 7, 2026 15w ago | 3 | — | awaiting T+20 | — | — |
Jul 7, 2026 15w ago | 3 | — | awaiting T+20 | — | — |
US Market Status
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