Enhabit (EHAB) director’s shares and DSUs cashed out at $13.80 in merger

Rhea-AI Filing Summary

Enhabit, Inc. director Tina L. Brown-Stevenson reported dispositions of equity tied to the company’s merger with Anchor Parent, LLC. In connection with the merger, 51,148 shares of common stock and 1,550 deferred stock units were canceled and converted into the right to receive $13.80 in cash per share or unit, referred to as the Merger Consideration. These are issuer dispositions under the merger agreement rather than open‑market trades, and leave the reporting person without the previously reported equity awards.

Insights

Corporate actions analyst

Director’s equity is cashed out via merger-related issuer disposition.

The filing shows Tina L. Brown-Stevenson, a director of Enhabit, Inc., disposing of common stock and deferred stock units as a result of a completed merger. Each equity unit converts into $13.80 in cash, consistent with the Agreement and Plan of Merger.

These D-code transactions are dispositions to the issuer, triggered automatically at the merger’s effective time rather than discretionary market selling. They reflect the cash-out of director holdings as Enhabit becomes a wholly owned subsidiary of Anchor Parent, LLC, not a change in standalone insider sentiment.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Brown-Stevenson Tina L.

Role null

Type	Security	Shares	Price	Value
Disposition	Common Stock	1,550	$13.80	$21K
Disposition	Common Stock	51,148	$13.80	$706K

Holdings After Transaction: Common Stock — 51,148 shares (Direct, null)

Footnotes (1)

1. Pursuant to the Agreement and Plan of Merger ('Merger Agreement'), dated as of February 22, 2026, by and among Enhabit, Inc. (the 'Company'), Anchor Parent, LLC ('Parent'), and Anchor Merger Sub, Inc., a wholly owned subsidiary of Parent ('Merger Sub'), Merger Sub will be merged with and into the Company (the 'Merger'), with the Company surviving the Merger as a wholly owned subsidiary of Parent (the 'Surviving Corporation'). At the effective time of the Merger (the 'Effective Time'), each share of the Company's common stock, par value $0.01 per share, that was issued and outstanding immediately prior to the Effective Time was automatically canceled and converted into the right to receive $13.80 in cash (the 'Merger Consideration'). Represents deferred stock units ('DSUs'). Each DSU represents a contingent right to receive one share of common stock of the Company. Pursuant to the Merger Agreement, each DSU that was outstanding as of immediately prior to the Effective Time, was automatically canceled and converted into the right to receive the Merger Consideration, without interest less applicable taxes and withholding.

Key Figures

Common shares disposed: 51,148 shares Deferred stock units converted: 1,550 units Merger Consideration: $13.80 per share +1 more

4 metrics

Common shares disposed 51,148 shares Disposition to issuer at $13.80 per share under merger agreement

Deferred stock units converted 1,550 units DSUs canceled and converted to $13.80 cash each at Effective Time

Merger Consideration $13.80 per share Cash paid for each Enhabit common share and DSU in the merger

Disposition transactions 2 entries (code D) Both non-derivative issuer dispositions on 2026-05-15

Key Terms

Agreement and Plan of Merger, Merger Consideration, deferred stock units, Effective Time

4 terms

Agreement and Plan of Merger regulatory

"Pursuant to the Agreement and Plan of Merger ('Merger Agreement'), dated as of February 22, 2026"

An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.

Merger Consideration financial

"converted into the right to receive $13.80 in cash (the 'Merger Consideration')"

Merger consideration is the total payment a company or buyer offers to shareholders of a target company in exchange for combining the two businesses, and can include cash, shares in the surviving company, debt assumption, or a mix of these. Investors care because the form and amount affect the deal’s value, tax consequences, immediate cash received versus future ownership, and the risk and upside of holding new shares — similar to choosing between cash now or stock that could grow later.

deferred stock units financial

"Represents deferred stock units ('DSUs'). Each DSU represents a contingent right"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

Effective Time regulatory

"At the effective time of the Merger (the 'Effective Time'), each share"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Brown-Stevenson Tina L.

(Last) (First) (Middle)

6688 N. CENTRAL EXPRESSWAY

SUITE 1300

(Street)

DALLAS TEXAS 75206

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Enhabit, Inc. [ EHAB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	05/15/2026		D		1,550	D	$13.8	51,148	D
Common Stock(2)	05/15/2026		D		51,148	D	$13.8	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Pursuant to the Agreement and Plan of Merger ('Merger Agreement'), dated as of February 22, 2026, by and among Enhabit, Inc. (the 'Company'), Anchor Parent, LLC ('Parent'), and Anchor Merger Sub, Inc., a wholly owned subsidiary of Parent ('Merger Sub'), Merger Sub will be merged with and into the Company (the 'Merger'), with the Company surviving the Merger as a wholly owned subsidiary of Parent (the 'Surviving Corporation'). At the effective time of the Merger (the 'Effective Time'), each share of the Company's common stock, par value $0.01 per share, that was issued and outstanding immediately prior to the Effective Time was automatically canceled and converted into the right to receive $13.80 in cash (the 'Merger Consideration').

2. Represents deferred stock units ('DSUs'). Each DSU represents a contingent right to receive one share of common stock of the Company. Pursuant to the Merger Agreement, each DSU that was outstanding as of immediately prior to the Effective Time, was automatically canceled and converted into the right to receive the Merger Consideration, without interest less applicable taxes and withholding.

Remarks:

	/s/ Sarah W. Braley, Attorney in Fact	05/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Enhabit (EHAB) director Tina L. Brown-Stevenson report in this Form 4?

She reported issuer dispositions of common stock and deferred stock units of Enhabit, Inc. These equity awards were canceled and converted into cash at $13.80 per share or unit in connection with the company’s merger with Anchor Parent, LLC.

How many Enhabit (EHAB) shares were affected and at what price?

The Form 4 shows 51,148 shares of common stock and 1,550 deferred stock units affected. Each share or unit was converted into the right to receive $13.80 in cash, the merger consideration specified in Enhabit’s Agreement and Plan of Merger.

Was this an open-market sale of Enhabit (EHAB) stock by the director?

No, the transactions are coded “D” for disposition to issuer. The shares and deferred stock units were automatically canceled and converted into cash at $13.80 per unit under the merger terms, rather than sold in open-market trading by the director.

What is the Merger Consideration mentioned for Enhabit (EHAB)?

The Merger Consideration is $13.80 in cash per share of Enhabit common stock. At the merger’s effective time, each outstanding share and each deferred stock unit converted into the right to receive this cash amount, subject to applicable taxes and withholding.

How were Enhabit (EHAB) deferred stock units treated in the merger?

Each deferred stock unit (DSU), representing a right to receive one Enhabit common share, was automatically canceled at the merger’s effective time. Each DSU converted into the right to receive the same $13.80 per-unit Merger Consideration, less any applicable taxes and withholding.