STOCK TITAN

Mark Hancock sells 236,320 PACS shares (NYSE: PACS) via Citi

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

PACS filing a Form 144 reporting proposed sales by an insider. The filing lists two sale notices by Mark Hancock totaling 236,320 shares sold on 06/15/2026 ($5,568,759.95) and 06/16/2026 ($2,982,385.05), respectively. The record shows securities originally acquired at formation on 03/01/2023 and an aggregate holding line of 54,626,199 shares as of 03/01/2023. The broker-dealer listed is Citigroup Global Markets Inc on the NYSE.

Positive

  • None.

Negative

  • None.

Insights

Form 144 notifies the SEC and broker-dealer of intended insider dispositions.

Form 144 is a statutory notice required when insiders propose to sell restricted or control securities; it lists the broker-dealer (Citigroup Global Markets Inc) and the proposed sale amounts. The filing shows two sale notices by Mark Hancock on 06/15/2026 and 06/16/2026.

Timing and clearance depend on broker confirmation and Rule 144 eligibility; subsequent Form 4 or trade confirmations will show completion. Future filings may clarify whether sales were executed and whether any volume limitations applied.

Insider sales totaling 236,320 shares reported; cash proceeds are disclosed.

The two reported dispositions total $8,551,144.99 in gross proceeds across 236,320 shares on consecutive dates. The securities were noted as "acquired at formation" on 03/01/2023, and an issuer-side line shows 54,626,199 shares associated with that date.

These notices are routine disclosure of planned sales; whether they affect supply or trading dynamics depends on actual execution details and remaining insider ownership reported in subsequent filings.

Shares reported sold (06/15/2026) 153,254 shares disposition reported on 06/15/2026
Proceeds (06/15/2026) $5,568,759.95 gross proceeds from 153,254-share notice
Shares reported sold (06/16/2026) 83,066 shares disposition reported on 06/16/2026
Proceeds (06/16/2026) $2,982,385.05 gross proceeds from 83,066-share notice
Aggregate shares in issuer line 54,626,199 shares listed with date 03/01/2023 (acquired at formation)
Total shares in notices 236,320 shares sum of reported dispositions across two dates
Total gross proceeds $8,551,144.99 combined proceeds from both reported dispositions
Form 144 regulatory
"Filing header and disposition notices specifying proposed sales"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
acquired at formation market
"Securities line: 'shares acquired at formation of the issuer'"
broker-dealer financial
"Citigroup Global Markets Inc listed as the executing broker-dealer"
A broker-dealer is a licensed firm or individual that both executes trades on behalf of clients (acting as a broker) and buys or sells securities for its own account (acting as a dealer). Investors care because broker-dealers provide the plumbing of markets — they place orders, hold or move cash and securities, offer research or advice, and their stability and fees directly affect trade execution, costs, and the safety of client funds; think of them as a combined travel agent and taxi for your investments.
proposed disposition regulatory
"Securities Sold During The Past 3 Months section lists dates and amounts"
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144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does PACS Form 144 filed by Mark Hancock mean?

It notifies regulators and a broker-dealer of proposed insider sales. The filing lists two proposed dispositions totaling 236,320 shares with gross proceeds of $8,551,144.99, reported on 06/15/2026 and 06/16/2026.

Who is the broker handling the sales in the PACS Form 144?

The broker-dealer listed is Citigroup Global Markets Inc at 388 Greenwich Street, New York. This is the intermediary identified for executing the proposed transactions on the NYSE.

How many shares did Mark Hancock report selling in the filing?

The filing shows two sales: 153,254 shares on 06/15/2026 and 83,066 shares on 06/16/2026, totaling 236,320 shares and combined proceeds of $8,551,144.99.

Were the securities acquired recently or long-held according to the Form 144?

The securities are shown as acquired at formation on 03/01/2023. The filing also includes an issuer-side line listing 54,626,199 shares with that same 03/01/2023 reference.

Does Form 144 confirm the sales were executed?

No. Form 144 reports proposed or intended dispositions; execution and settlement are not confirmed here. Completion would typically appear in subsequent trade confirmations or Form 4 filings if required.