PACS Group (PACS) co-founder Mark Hancock sells 200,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PACS Group, Inc. director and executive vice chair Mark Hancock reported open-market sales of a total of 200,000 shares of common stock. The trades occurred on June 25 and 26, 2026 at weighted average prices around $40–$41 per share.
The filing shows Hancock continues to hold more than 54 million shares of PACS Group common stock directly after these transactions. According to a footnote, the June 2026 sales were effected under a pre‑arranged Rule 10b5-1 trading plan adopted on March 11, 2026, indicating they were scheduled in advance rather than timed discretionarily.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 200,000 shares ($8,075,787)
Net Sell
3 txns
Insider
Hancock Mark
Role
Co Fndr; Exec V Chair
Sold
200,000 shs ($8.08M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 61,731 | $40.4964 | $2.50M |
| Sale | Common Stock | 200 | $41.01 | $8K |
| Sale | Common Stock | 138,069 | $40.3255 | $5.57M |
Holdings After Transaction:
Common Stock — 54,102,797 shares (Direct, null)
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 11, 2026. The price reported in Column 4 is a weighted average price. The securities were sold in multiple transactions at prices ranging from $40.00 to $40.67 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 $40.01 to $41.0016 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
Shares sold: 200,000 shares
Sale price 1: $40.3255 per share
Sale price 2: $40.4964 per share
+5 more
8 metrics
Shares sold
200,000 shares
Total common stock sold across three transactions
Sale price 1
$40.3255 per share
Weighted average price on June 25, 2026 sale
Sale price 2
$40.4964 per share
Weighted average price on one June 26, 2026 sale
Sale price 3
$41.0100 per share
Weighted average price on second June 26, 2026 sale
Post-transaction holdings
54,102,597 shares
Common stock held directly after June 26, 2026 trades
Trading plan adoption date
March 11, 2026
Rule 10b5-1 plan governing the reported sale
Reported price range (footnote F2)
$40.00–$40.67 per share
Actual trade range underlying one weighted average
Reported price range (footnote F3)
$40.01–$41.0016 per share
Actual trade range underlying another weighted average
Key Terms
Rule 10b5-1 trading plan, weighted average price, open-market sale, Form 4
4 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 by the Reporting Person on March 11, 2026."
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."
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""
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.
Form 4 regulatory
"The sale reported in the Form 4 was effected pursuant to a Rule 10b5-1 trading plan"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
Were Mark Hancock’s PACS (PACS) sales open-market transactions?
Yes. Each transaction is coded “S” and described as a sale in open market or private transaction, with the filing specifying open-market sale. The shares involved were PACS Group common stock held directly by Hancock, not derivative securities.
How many PACS (PACS) sell transactions does this Form 4 report?
The Form 4 lists three separate non-derivative sale transactions in PACS Group common stock. Two occurred on June 26, 2026 and one on June 25, 2026, together totaling 200,000 shares sold according to the transaction summary data.