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  "docSlug": "c1709c763a52",
  "documentTitle": "Resideo Technologies, Inc. (REZI)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2026-01-27 00:00:00",
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  "pageNumber": 87,
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  "notes": "Uses SEC Form 4 data to contrast the sale date with the company's official announcement date and the trading plan's disclosed window.",
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      "kind": "callout",
      "text": "We are troubled to see that ADI President Aarnes sold a large block of stock under a 10b5-1 program on the exact day that REZI’s separation announcement was made on July 30, 2025.",
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      "kind": "image",
      "text": "Form 4 snippet showing 47,000 shares sold on 07/30/2025",
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      "kind": "paragraph",
      "text": "Shares Sold On The Day of Separation Announcement. Resideo Announces Intention To Separate ADI Business... July 30, 2025",
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      "kind": "paragraph",
      "text": "All 47,000 Shares Were Sold Under The Program. On December 3, 2024, Robert Aarnes... adopted a Rule 10b5-1 trading agreement... The duration of the trading agreement is from March 4, 2025 to December 31, 2025.",
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      "kind": "quote",
      "text": "On December 3, 2024, Robert Aarnes, our President, ADI, adopted a Rule 10b5-1 trading agreement, pursuant to which he may sell up to 47,000 shares of the Company’s common stock. The trading agreements is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. The duration of the trading agreement is from March 4, 2025 to December 31, 2025. — Resideo Technologies, Inc. (Form 4)",
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      "kind": "source-note",
      "text": "Source: Form 4, 2024 10-K, Separation Announcement, Spruce Point red emphasis.",
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      "kind": "title",
      "text": "Key Insider Sold At Separation Announcement",
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