PACS Group (PACS) director awarded 4,660 restricted stock units as equity pay

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

PACS Group, Inc. director Jacqueline Millard reported a stock-based compensation award. She acquired 4,660 shares of Common Stock in the form of restricted stock units (RSUs) granted at no cash cost, increasing her direct holdings to 15,930 shares after the transaction.

The RSUs entitle her to one share of Common Stock for each unit when they vest. All 4,660 RSUs will vest on the earlier of June 10, 2027 or the next annual meeting following the grant date, as long as she continues to serve the company.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Millard Jacqueline

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	4,660	$0.00	--

Holdings After Transaction: Common Stock — 15,930 shares (Direct, null)

Footnotes (1)

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Key Figures

RSU grant size: 4,660 units Price per share: $0.0000 Post-transaction holdings: 15,930 shares +1 more

4 metrics

RSU grant size 4,660 units Restricted stock units granted to director

Price per share $0.0000 Grant price for RSUs

Post-transaction holdings 15,930 shares Common Stock held directly after grant

Vesting date June 10, 2027 Latest possible RSU vesting date

Key Terms

restricted stock units ("RSUs"), vesting, annual meeting, continued service

4 terms

restricted stock units ("RSUs") financial

"Represents restricted stock units ("RSUs") for which the Reporting Person is entitled"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

vesting financial

"one (1) share of Common Stock for each RSU upon vesting."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

annual meeting financial

"on the earlier to occur of (i) June 10, 2027 and (ii) the date of the next annual meeting"

A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.

continued service financial

"subject to the Reporting Person's continued service to the Issuer."

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Form 4 Insider Transactions: What Each Field Means →

06/12/2026 - 04:00 PM

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^*

Millard Jacqueline

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

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	06/10/2026		A		4,660⁽¹⁾	A	$0	15,930	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. Represents restricted stock units ("RSUs") for which the Reporting Person is entitled to receive one (1) share of Common Stock for each RSU upon vesting. 100% of the RSUs will vest on the earlier to occur of (i) June 10, 2027 and (ii) the date of the next annual meeting following the grant date, subject to the Reporting Person's continued service to the Issuer.

Remarks:

	/s/ John Mitchell, Attorney-in-Fact	06/12/2026
	** 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

FAQ

What insider transaction did PACS (PACS) director Jacqueline Millard report?

Director Jacqueline Millard reported receiving 4,660 restricted stock units from PACS Group, Inc. The grant is a stock-based compensation award, not an open-market purchase, and increases her direct holdings to 15,930 shares after the transaction.

How many PACS (PACS) shares does Jacqueline Millard hold after this Form 4?

After the grant, Jacqueline Millard holds 15,930 shares of PACS Group, Inc. Common Stock directly. This total includes 4,660 restricted stock units that convert into one share each upon vesting under the terms of the award.

What are the vesting terms of Jacqueline Millard’s PACS (PACS) RSU grant?

The 4,660 PACS restricted stock units granted to Jacqueline Millard vest 100% on the earlier of June 10, 2027 or the date of the next annual meeting after the grant, provided she continues to serve the company through that vesting date.

Did Jacqueline Millard buy PACS (PACS) shares on the open market?

No, Jacqueline Millard did not buy shares on the open market. The Form 4 shows an acquisition coded as a grant or award, reflecting 4,660 restricted stock units granted at no cash price as part of her director compensation.

What does the Form 4 code “A” mean in the PACS (PACS) filing?

In this PACS Group, Inc. Form 4, the transaction code “A” indicates a grant, award, or other acquisition. Here, it reflects 4,660 restricted stock units granted to director Jacqueline Millard as equity compensation rather than a market trade.

What conditions apply to Jacqueline Millard’s PACS (PACS) RSU vesting?

The RSUs vest only if Jacqueline Millard continues her service to PACS Group, Inc. through the vesting date. They convert into Common Stock upon the earlier of June 10, 2027 or the next annual meeting following the grant date.