This is a routine insider intent-to-sell filing with no material impact. The sale is small relative to market cap and follows typical insider diversification. Monitor the actual sale on Form 4 for confirmation, but no further action is warranted.
How the stock moved after the report
⚠ Clustered NEUTRAL VIEWSTOCK ABOVE ENTRY AT T+1- T+0 · Oct 29 $184.08entry
- T+1 · 6d ago +2.22%α +2.70% · $188.17
- T+5 · due 10h ago Pending
- T+5 · todayOpen
- T+20 · in 22d Pending
- T+60 · in 3mo Pending
Price Chart
How similar events traded
Executive Summary
Matthew Black, an officer of Waste Connections, filed a Form 144 notice of intent to sell 11,000 shares of common stock with an approximate market value of $1.99 million, based on a filing date of October 29, 2026. The shares were acquired through vesting of performance shares and restricted stock between 2020 and 2023. This is a routine insider sale for diversification or tax planning purposes, representing a small fraction of the company's $45.5 billion market cap.
Key Facts
- Officer Matthew Black filed Form 144 to sell 11,000 shares of Waste Connections common stock.
- Estimated sale value: approximately $1,986,684.94 based on the filing.
- Shares were acquired via vesting of performance shares (10,276 shares on 02/12/2020) and restricted stock (724 shares on 02/19/2022).
- The sale is proposed to occur on or after October 29, 2026 on the NYSE.
- The proposed sale represents roughly 0.004% of the company's $45.5 billion market cap.
- Recent insider activity (30 days prior) showed 2 sells totaling $557K, indicating this filing is consistent with normal insider selling patterns.
Financial Impact
Proposed sale of 11,000 shares valued at ~$1.99 million, which is immaterial relative to the company's $45.5 billion market cap.
Risk Factors
- Form 144 is only an intent to sell; the sale may not be executed.
- No additional context or financial data from the company was provided in the filing to assess broader implications.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001950047-26-010489 |
| Document: 0001950047-26-010489-index.html | 0001950047-26-010489 |
| Document: 0001950047-26-010489.txt | 0001950047-26-010489 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Nov 3, 2026 2d ago | Insider Cluster | $191.81 $191.66 | ▼ −0.08% | ▲ +4.33% | $191.66 (−0.08%) |
Nov 2, 2026 3d ago | Insider Cluster | $186.66 $191.81 | ▲ +2.76% | ▲ +1.11% | $191.66 (+2.68%) |
Oct 29, 2026 7d ago | 144 | $184.08 $188.17 | ▲ +2.22% | ▲ +2.70% | $191.66 (+4.12%) |
Oct 29, 2026 7d ago | Insider Cluster | $184.08 $188.17 | ▲ +2.22% | ▲ +2.70% | $191.66 (+4.12%) |
Oct 27, 2026 9d ago | 144 | $179.76 $181.97 | ▲ +1.23% | ▲ +1.61% | $191.66 (+6.62%) |
Oct 21, 2026 15d ago | 8-K | $184.88 $186.60 | ▲ +0.93% | ▲ +1.45% | $191.66 (+3.67%) |
Oct 20, 2026 16d ago | Institutional Cluster | $168.28 $184.88 | ▲ +9.86% | ▲ +11.05% | $191.66 (+13.89%) |
Oct 12, 2026 24d ago | Institutional Cluster | $153.71 $153.67 | ▼ −0.03% | ▼ −0.01% | $191.66 (+24.69%) |
Aug 21, 2026 10w ago | Insider Cluster | $168.97 $166.15 | ▼ −1.67% | ▼ −1.99% | $191.66 (+13.43%) |
Aug 20, 2026 11w ago | Insider Cluster | $169.40 $168.97 | ▼ −0.25% | ▲ +0.04% | $191.66 (+13.14%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers