PACS Group (PACS) President & COO sells 40,000 shares in Rule 10b5-1 trades
Rhea-AI Filing Summary
PACS Group, Inc. executive Joshua Jergensen, President & COO, reported two open-market sales of 40,000 shares of common stock on August 12, 2026. The transactions, executed under a Rule 10b5-1 trading plan adopted on March 12, 2026, occurred at weighted average prices of $44.5299 and $45.6981 per share, each reflecting multiple trades within disclosed price ranges.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 40,000 shares
Net Sell
2 txns
Insider
Jergensen Joshua
Role
President & COO
Sold
40,000 shs ($1.82M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 3,625 | $44.5299 | $161K |
| Sale | Common Stock F1, F3 | 36,375 | $45.6981 | $1.66M |
Holdings After Transaction:
Common Stock — 2,536,320 shares (Direct)
Footnotes (3)
- F1. 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.
- F2. The price reported in Column 4 is a weighted average price. The securities were sold in multiple transactions at prices ranging from $44.13 to $45.12 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.
- F3. The price reported in Column 4 is a weighted average price. The securities were sold in multiple transactions at prices ranging from $45.15 to $46.125 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 (total): 40,000 shares
First trade size: 3,625 shares
Second trade size: 36,375 shares
+3 more
6 metrics
Shares sold (total)
40,000 shares
Total common shares sold by President & COO on August 12, 2026
First trade size
3,625 shares
Common stock sold at $44.5299 weighted average price
Second trade size
36,375 shares
Common stock sold at $45.6981 weighted average price
Weighted avg price (first trade)
$44.5299 per share
Executed across prices from $44.13 to $45.12 per share
Weighted avg price (second trade)
$45.6981 per share
Executed across prices from $45.15 to $46.125 per share
10b5-1 plan adoption date
March 12, 2026
Date the Rule 10b5-1 trading plan governing these sales was adopted
Key Terms
Rule 10b5-1 trading plan, weighted average price, open market or private transaction
3 terms
Rule 10b5-1 trading plan regulatory
"The sale reported ... 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 or private transaction market
"transaction_code_description: Sale in open market or private transaction"
FAQ
What insider transaction did PACS (PACS) report for Joshua Jergensen?
PACS reported that President & COO Joshua Jergensen sold 40,000 shares of common stock on August 12, 2026. The sales were split into two transactions, each reported with weighted average prices and detailed price ranges.
Were the PACS (PACS) insider sales made under a Rule 10b5-1 plan?
Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted by Joshua Jergensen on March 12, 2026. Such plans pre-arrange trading activity, reducing the informational value of trade timing.
Does the PACS (PACS) filing provide detailed price breakdowns for the insider sales?
The filing discloses weighted average prices and price ranges for the sales and notes that full trade-by-trade price details will be provided to the issuer, any security holder, or SEC staff upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.