PACS Group (PACS) director and 10% owner sells 13,628 shares under plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PACS Group, Inc. director and ten percent owner Mark Hancock reported open-market sales of 13,628 shares of common stock on July 14 and 15, 2026. The shares were sold at weighted average prices of $45.0350 and $45.0525 per share under a Rule 10b5-1 trading plan adopted on March 11, 2026. Following these transactions, Hancock directly holds 53,906,884 shares of PACS Group common stock.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 13,628 shares ($613,795)
Net Sell
2 txns
Insider
Hancock Mark
Role
Director, 10% Owner
Sold
13,628 shs ($614K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,332 | $45.0525 | $150K |
| Sale | Common Stock | 10,296 | $45.035 | $464K |
Holdings After Transaction:
Common Stock — 53,906,884 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 11, 2026. The price reported in Column 4 is a weighted average price. The securities were sold in multiple transactions at prices ranging from $45.00 to $45.1727 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 $45.00 to $45.07 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
Net shares sold: 13,628 shares
July 14, 2026 sale: 10,296 shares at $45.0350 per share
July 15, 2026 sale: 3,332 shares at $45.0525 per share
+3 more
6 metrics
Net shares sold
13,628 shares
Total common shares sold in open-market transactions reported in this Form 4
July 14, 2026 sale
10,296 shares at $45.0350 per share
Open-market sale of PACS common stock on 2026-07-14
July 15, 2026 sale
3,332 shares at $45.0525 per share
Open-market sale of PACS common stock on 2026-07-15
Shares owned after transactions
53,906,884 shares
Direct PACS common stock holdings following the July 15, 2026 sale
Price range for July 15, 2026 trades
$45.00–$45.1727 per share
Weighted average price footnote for one sale day
Price range for July 14, 2026 trades
$45.00–$45.07 per share
Weighted average price footnote for one sale day
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"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did PACS (PACS Group, Inc.) report for Mark Hancock?
PACS reported that Mark Hancock sold 13,628 shares of common stock in open-market transactions on July 14 and 15, 2026. These sales were executed under a Rule 10b5-1 trading plan, indicating they were pre-arranged rather than discretionary trades.
Were Mark Hancock’s PACS (PACS Group, Inc.) stock sales under a Rule 10b5-1 plan?
Yes. The filing states the sales were made under a Rule 10b5-1 trading plan adopted by Hancock on March 11, 2026. Such plans pre-schedule trades, reducing the significance of trade timing as an indicator of management’s short-term views.
What type of transactions did PACS (PACS Group, Inc.) disclose for Mark Hancock in this Form 4?
PACS disclosed two open-market sales of common stock by Mark Hancock, both coded as “S” transactions. There were no option exercises, gifts, or tax-withholding entries reported, and no derivative securities transactions were included in this Form 4.