PACS Group (PACS) director Mark Hancock sells 63,680 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PACS Group, Inc. director and executive vice chair Mark Hancock reported two open-market sales of common stock on June 17, 2026 totaling 63,680 shares. The shares were sold at weighted average prices of $35.2838 and $35.7491 per share under a pre-arranged Rule 10b5-1 trading plan adopted on March 11, 2026. After these transactions, Hancock directly holds about 54.3 million shares of PACS Group common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 63,680 shares ($2,248,415)
Net Sell
2 txns
Insider
Hancock Mark
Role
Co Fndr; Exec V Chair
Sold
63,680 shs ($2.25M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 60,364 | $35.2838 | $2.13M |
| Sale | Common Stock | 3,316 | $35.7491 | $119K |
Holdings After Transaction:
Common Stock — 54,305,913 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 $34.6757 to $35.67 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 $35.6799 to $36.0685 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): 63,680 shares
Block 1 shares sold: 3,316 shares
Block 2 shares sold: 60,364 shares
+3 more
6 metrics
Shares sold (total)
63,680 shares
Open-market sales on June 17, 2026
Block 1 shares sold
3,316 shares
Weighted average price $35.7491 per share
Block 2 shares sold
60,364 shares
Weighted average price $35.2838 per share
Post-transaction holdings
54,302,597 shares
Direct ownership after June 17, 2026 sales
Price range block 2
$34.6757–$35.67 per share
Detailed sale range for weighted average $35.2838
Price range block 1
$35.6799–$36.0685 per share
Detailed sale range for weighted average $35.7491
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 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.
Common Stock financial
"security_title: 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.
FAQ
What insider transaction did PACS (PACS) report for Mark Hancock?
Mark Hancock reported selling 63,680 shares of PACS Group common stock in two open-market transactions. These sales were executed on June 17, 2026 and disclosed in a Form 4 insider trading report filed with regulators.
Was the PACS (PACS) insider sale under a Rule 10b5-1 plan?
Yes. The filing states the sale was executed under a Rule 10b5-1 trading plan adopted by Mark Hancock on March 11, 2026. Such plans are pre-arranged to automate trades over time under preset conditions.
How are the PACS (PACS) sale prices described in the Form 4?
The prices are reported as weighted averages across multiple trades. Footnotes explain that individual sales ranged from $34.6757 to $36.0685 per share, and detailed trade data is available upon request from the issuer or regulators.