PACS Group (NASDAQ: PACS) CAO sells 15,000 shares under 10b5-1 plan

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

PACS Group, Inc. Chief Accounting Officer Michelle Renee Lewis reported selling a total of 15,000 shares of common stock in three open-market transactions at weighted average prices around $45 per share. These sales were made pursuant to a Rule 10b5-1 trading plan adopted on March 3, 2026, and she continues to hold 355,338 shares directly after the transactions.

Insider Trade Summary 10b5-1

Net Seller: 15,000 shares ($675,424)

Net Sell 3 txns

Insider Lewis Michelle Renee

Role Chief Accounting Officer

Sold 15,000 shs ($675K)

Type	Security	Shares	Price	Value
Sale	Common Stock	4,137	$45.0406	$186K
Sale	Common Stock	6,663	$45.0296	$300K
Sale	Common Stock	4,200	$45.0141	$189K

Holdings After Transaction: Common Stock — 355,338 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 3, 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 $45.06 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 $45.115 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 $45.15 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: 15,000 shares Shares sold on July 1, 2026: 4,200 shares Shares sold on July 2, 2026: 6,663 shares +5 more

8 metrics

Total shares sold 15,000 shares Aggregate open-market sales reported in Form 4

Shares sold on July 1, 2026 4,200 shares Open-market sale of common stock

Shares sold on July 2, 2026 6,663 shares Open-market sale of common stock

Shares sold on July 6, 2026 4,137 shares Open-market sale of common stock

Weighted average price July 1 $45.0141 per share Common stock sale weighted average price

Weighted average price July 2 $45.0296 per share Common stock sale weighted average price

Weighted average price July 6 $45.0406 per share Common stock sale weighted average price

Shares held after transactions 355,338 shares Direct ownership following reported sales

Key Terms

Rule 10b5-1 trading plan, weighted average price, open-market sale, common stock

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 3, 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.

common stock financial

"The securities were sold in multiple transactions at prices ranging from $45.00 to $45.06 per share of common stock."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 06:50 PM Accepted by SEC EDGAR 07/06/2026 - 06:50 PM

FAQ

What insider transactions did PACS (PACS) report in this Form 4?

PACS Group reported that Chief Accounting Officer Michelle Renee Lewis sold 15,000 shares of common stock in three open-market transactions at weighted average prices near $45 per share, leaving her with 355,338 shares directly held after the reported sales.

Who is the PACS Group insider involved in the latest Form 4 filing?

The insider is Michelle Renee Lewis, Chief Accounting Officer of PACS Group, Inc. She reported three open-market sales of common stock totaling 15,000 shares and now directly holds 355,338 shares following the transactions disclosed in the Form 4.

At what prices did the PACS Group CAO sell shares in this Form 4?

The reported weighted average sale prices were $45.0141, $45.0296, and $45.0406 per share. Footnotes state the actual trades occurred in multiple transactions within narrow ranges around $45 per share for PACS Group common stock.

How many PACS Group shares does the CAO hold after these Form 4 sales?

After selling 15,000 shares across three open-market transactions, Chief Accounting Officer Michelle Renee Lewis directly holds 355,338 shares of PACS Group common stock, as reported in the post-transaction ownership figures in the Form 4 filing.

Were the PACS (PACS) insider sales made under a Rule 10b5-1 plan?

Yes. A footnote explains the reported sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 3, 2026, indicating the trades were pre-arranged under that plan.

Over what dates did the PACS Group CAO sell the 15,000 shares?

The 15,000 PACS Group shares were sold in three tranches: 4,200 shares on July 1, 2026, 6,663 shares on July 2, 2026, and 4,137 shares on July 6, 2026, all reported as open-market sales.

SEC Form 4

FORM 4

UNITED 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^*

Lewis Michelle Renee

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/01/2026		S⁽¹⁾		4,200	D	$45.0141⁽²⁾	366,138	D
Common Stock	07/02/2026		S⁽¹⁾		6,663	D	$45.0296⁽³⁾	359,475	D
Common Stock	07/06/2026		S⁽¹⁾		4,137	D	$45.0406⁽⁴⁾	355,338	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

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 3, 2026.

2. 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 $45.06 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.

3. 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 $45.115 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.

4. 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 $45.15 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.

Remarks:

	/s/ John Mitchell, Attorney-in-Fact	07/06/2026
	** Signature of Reporting Person	Date
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)

Source: View Original Filing on SEC EDGAR