CASELLA WASTE SYSTEMS INC — Director's Dealing 2025

Mar 14, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CASELLA WASTE SYSTEMS INC (CWST)
CIK: 0000911177
Period of Report: 2025-03-12

Reporting Person: CASELLA JOHN W (Director, CHIEF EXECUTIVE OFFICER)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-03-12	Class A Common Stock	A	5944	—	Acquired	32202	Direct
2025-03-12	Class A Common Stock	S	1076	$107.94	Disposed	31126	Direct
2025-03-12	Class A Common Stock	S	752	$106.38	Disposed	30374	Direct
2025-03-13	Class A Common Stock	S	865	$104.23	Disposed	29509	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	694	Indirect
Class B Common Stock	166000	Direct
Class B Common Stock	137000	Indirect
Class B Common Stock	134000	Indirect
Class B Common Stock	57100	Indirect

Footnotes

F1: Represents the award of Restricted Stock Units (RSUs) under the Casella Waste Systems, Inc. Amended and Restated 2016 Incentive Plan. Each RSU represents a contingent right to receive one share of Casella's Class A Common Stock. RSUs vest in three equal annual installments beginning on March 12, 2026.

F2: Represents the sale of shares of Class A Common Stock pursuant to a "sell-to-cover" transaction in order to satisfy tax withholding obligations in connection with the vesting of RSUs previously granted to the reporting person. This sale was effected pursuant to an automatic sell-to-cover instruction adopted by the reporting person on August 22, 2023 and does not represent a discretionary sale by the reporting person.

F3: Represents the sale of shares of Class A Common Stock pursuant to a "sell-to-cover" transaction in order to satisfy tax withholding obligations in connection with the vesting of RSUs previously granted to the reporting person. This sale was effected pursuant to an automatic sell-to-cover instruction adopted by the reporting person on May 12, 2022 and does not represent a discretionary sale by the reporting person.

F4: Held by Mr. Casella's spouse. Mr. Casella disclaims beneficial ownership of the securities indicated to the extent to which he does not have an actual pecuniary interest in such securities.

F5: Held by the Spousal Lifetime Access Trust for the benefit of Mr. Casella ("SLAT 2"). Mr. Casella is the trustee of the SLAT 2.

F6: Held by the Spousal Lifetime Access Trust for the benefit of Mr. Casella's spouse ("SLAT"). Mr. Casella's spouse is the trustee of the SLAT. Mr. Casella disclaims beneficial ownership of the securities indicated to the extent to which he does not have an actual pecuniary interest in such securities.