[Form 4] The Ensign Group, Inc. Insider Trading Activity
The Ensign Group director Barry M. Smith reported insider dispositions on 09/02/2025. The filing shows a sale of 700 shares at $172.06 per share and a separate 1,200-share transaction coded G (a gift), leaving the reporting person with 25,852 shares beneficially owned after these transactions. The filing states the sale was executed under a Rule 10b5-1 trading plan adopted on July 31, 2024. The Form 4 was signed by a power of attorney on behalf of the reporting person on 09/04/2025. This document records routine insider activity rather than operational or financial results.
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Insights
TL;DR: Director sold 700 shares at $172.06 and gifted 1,200 shares under a 10b5-1 plan; remaining beneficial ownership is 25,852 shares.
This Form 4 documents non-derivative dispositions by a director of The Ensign Group. The sale was effected pursuant to a pre-established Rule 10b5-1 trading plan, which reduces the likelihood the sale was timed based on material nonpublic information. The presence of a gift (code G) is a non-sale transfer and does not produce cash proceeds. With total disposals of 1,900 shares and post-transaction ownership of 25,852 shares, the transactions are modest in scale relative to typical institutional positions and do not, by themselves, indicate a change in company fundamentals.
TL;DR: Insider activity appears procedural and covered by a 10b5-1 plan; documentation and POA signature are included.
The filing includes the required explanatory note that the sale was made under a Rule 10b5-1 plan adopted on July 31, 2024, and bears a power-of-attorney signature dated 09/04/2025. From a governance perspective, adherence to a 10b5-1 plan and timely Form 4 disclosure are appropriate compliance behaviors. The combination of a sale and a gift should be tracked in future filings for any pattern, but this single filing reflects routine compliance rather than governance concerns.