STOCK TITAN

PACS (PACS) President & COO has 197,525 shares withheld to cover tax liability

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

PACS Group, Inc. President & COO Joshua Jergensen reported a tax-withholding disposition related to equity compensation. On the vesting of previously granted restricted stock units, 197,525 shares of common stock were withheld at $33.14 per share to cover tax liabilities. After this non-market transaction, Jergensen directly holds 2,616,320 shares of PACS Group common stock, indicating this was a routine compensation-related tax event rather than an open-market sale.

Positive

  • None.

Negative

  • None.
Insider Jergensen Joshua
Role President & COO
Type Security Shares Price Value
Tax Withholding Common Stock 197,525 $33.14 $6.55M
Holdings After Transaction: Common Stock — 2,616,320 shares (Direct)
Footnotes (1)
  1. [object Object]
Shares withheld for taxes 197,525 shares Tax-withholding disposition on RSU vesting
Withholding price per share $33.14 per share Value used for tax-withholding shares
Shares held after transaction 2,616,320 shares Direct holdings after tax-withholding event
restricted stock units financial
"upon the vesting of previously granted and reported restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax liability financial
"Payment of tax liability through the withholding of securities"
withholding of securities financial
"through the withholding of securities upon the vesting"
SEC Form 4
FORM 4UNITED 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
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*
Jergensen Joshua

(Last)(First)(Middle)
C/O PACS GROUP, INC.
90 S. 400 W. SUITE 700

(Street)
SALT LAKE CITY UTAH 84101

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
PACS Group, Inc. [ PACS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
President & COO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock04/15/2026F(1)197,525D$33.142,616,320D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Payment of tax liability through the withholding of securities upon the vesting of previously granted and reported restricted stock units.
Remarks:
/s/ John Mitchell, Attorney-in-Fact04/17/2026
** Signature of Reporting PersonDate
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 insider transaction did PACS President & COO Joshua Jergensen report?

Joshua Jergensen reported a tax-withholding disposition, where 197,525 PACS common shares were withheld to cover taxes on vested restricted stock units. This was a compensation-related event, not an open-market purchase or sale of shares.

How many PACS (PACS) shares were withheld for Joshua Jergensen’s taxes?

A total of 197,525 PACS common shares were withheld to satisfy Joshua Jergensen’s tax liability when his restricted stock units vested. The shares were valued at $33.14 each for this withholding transaction, according to the Form 4 filing.

Did PACS executive Joshua Jergensen sell shares in the open market?

The filing shows no open-market sale by Joshua Jergensen. Instead, 197,525 shares were withheld by the company to cover tax obligations on vested restricted stock units, a standard non-market mechanism for paying equity-related taxes.

How many PACS shares does Joshua Jergensen hold after this Form 4 event?

Following the tax-withholding disposition, Joshua Jergensen directly holds 2,616,320 shares of PACS Group common stock. This remaining stake indicates the transaction represented a small portion of his overall reported holdings in the company.

What does transaction code "F" mean in the PACS Form 4 filing?

Transaction code “F” indicates shares were used to pay an exercise price or tax liability. For PACS, it reflects shares withheld from Joshua Jergensen upon vesting of restricted stock units to satisfy taxes, not a discretionary market sale or purchase.