RESIDEO TECHNOLOGIES, INC. bought ADIG
August 3, 2026 · Form 4 insider transaction
RESIDEO TECHNOLOGIES, INC. bought 150,000 shares of ADIG, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
The Series A Cumulative Convertible Participating Preferred Stock, par value $0.001 per share (the "ADI Preferred Stock"), of ADI is convertible into shares of the ADI Common Stock at an initial conversion price per share of $16.152, which is subject to anti-dilution adjustments, including in the event of any stock split, stock dividend, recapitalization or similar event.; On August 3, 2026, ADI issued to Resideo 150,000 shares of the ADI Preferred Stock as part of the internal reorganization transactions undertaken in connection with the Spin-Off. Resideo exchanged such shares of ADI Preferred Stock for an equal number of shares of Series A Cumulative Convertible Participating Preferred Stock, par value $0.001 per share, of Resideo with holders thereof.; The ADI Preferred Stock is convertible at any time at the option of the holder and has no expiration date.