PACS Group, Inc. (NYSE: PACS) COO sells 40,000 shares in 10b5-1 trades
Rhea-AI Filing Summary
PACS Group, Inc. President & COO Joshua Jergensen reported three open-market sales totaling 40,000 shares of common stock on July 15, 2026. The shares were sold at weighted average prices between $43.74 and $45.78 per share under a Rule 10b5-1 trading plan adopted March 12, 2026. The transactions were reported as sales of stock held in his direct ownership, and he continues to hold PACS Group common stock afterward.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 40,000 shares ($1,800,718)
Net Sell
3 txns
Insider
Jergensen Joshua
Role
President & COO
Sold
40,000 shs ($1.80M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,440 | $44.4983 | $331K |
| Sale | Common Stock | 32,327 | $45.1322 | $1.46M |
| Sale | Common Stock | 233 | $45.7585 | $11K |
Holdings After Transaction:
Common Stock — 2,608,880 shares (Direct)
Footnotes (1)
- The sale reported in the Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 12, 2026. The price reported in Column 4 is a weighted average price. The securities were sold in multiple transactions at prices ranging from $43.74 to $44.735 per share of common stock. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. The securities were sold in multiple transactions at prices ranging from $44.74 to $45.735 per share of common stock. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. The securities were sold in multiple transactions at prices ranging from $45.75 to $45.78 per share of common stock. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Total shares sold: 40000 shares
Sale at $45.7585: 233 shares
Sale at $45.1322: 32327 shares
+3 more
6 metrics
Total shares sold
40000 shares
Aggregate open-market sales of PACS common stock on July 15, 2026
Sale at $45.7585
233 shares
Common stock sold at weighted average price of $45.7585 per share
Sale at $45.1322
32327 shares
Common stock sold at weighted average price of $45.1322 per share
Sale at $44.4983
7440 shares
Common stock sold at weighted average price of $44.4983 per share
Net shares sold
-40000 shares
Net share change from reported transactions in transaction summary
Lowest price range
$43.74 to $44.735 per share
Price range for one group of sales described as weighted average
Key Terms
Rule 10b5-1 trading plan, weighted average price, open-market sale
3 terms
Rule 10b5-1 trading plan regulatory
"The sale reported in the Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price. The securities were sold in multiple"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action": "open-market sale","transaction_code_description": "Sale in open market"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did PACS (PACS) disclose for July 15, 2026?
PACS Group, Inc. disclosed that President & COO Joshua Jergensen sold 40,000 shares of common stock on July 15, 2026. The Form 4 lists three separate open-market sales of PACS common stock at weighted average prices in the mid-$40s per share.
Were the PACS (PACS) insider sales made under a Rule 10b5-1 trading plan?
Yes. A footnote states the sale reported in the Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by Joshua Jergensen on March 12, 2026. This indicates the transactions followed that pre-adopted plan’s terms.