PACS officer reports tax-withholding share disposition

PACS Group, Inc. Chief Accounting Officer Michelle Renee Lewis reported a routine tax-withholding transaction related to equity compensation.

Rhea-AI Filing Summary

PACS Group, Inc. Chief Accounting Officer Michelle Renee Lewis reported a routine tax-withholding transaction related to equity compensation. On the vesting of previously granted restricted stock units, 24,691 shares of common stock were withheld at $33.14 per share to cover tax liabilities, rather than sold in the open market. After this withholding, Lewis directly holds 385,338 shares of PACS Group common stock, indicating she retains a substantial equity position following the compensation-related event.

Insider Trade Summary

Exercise Price or Tax Liability: 24,691 shares

Exercise Price or Tax Liability 1 txn

Insider Lewis Michelle Renee

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	24,691	$33.14	$818K

Holdings After Transaction: Common Stock — 385,338 shares (Direct)

Footnotes (1)

1. F1. Payment of tax liability through the withholding of securities upon the vesting of previously granted and reported restricted stock units.

Key Figures

Shares withheld for taxes: 24,691 shares Withholding price per share: $33.14 per share Shares held after transaction: 385,338 shares

3 metrics

Shares withheld for taxes 24,691 shares Tax-withholding disposition on RSU vesting

Withholding price per share $33.14 per share Value applied to withheld PACS common stock

Shares held after transaction 385,338 shares Direct PACS common stock holdings post-transaction

Key Terms

tax-withholding disposition, restricted stock units, Form 4, Chief Accounting Officer

4 terms

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

restricted stock units financial

"vesting of previously granted and reported restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Chief Accounting Officer financial

"officer_title: "Chief Accounting Officer""

A chief accounting officer is a senior executive responsible for overseeing a company's financial records and ensuring all accounting practices are accurate and compliant with regulations. They play a key role in preparing financial reports that help investors understand the company's financial health, much like a trusted navigator guiding a ship through complex waters. Their work ensures transparency and trust in the company's financial information.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did PACS Chief Accounting Officer report on this Form 4?

PACS Chief Accounting Officer Michelle Renee Lewis reported a compensation-related share withholding. Upon vesting of restricted stock units, 24,691 PACS common shares were withheld at $33.14 per share to satisfy tax obligations, rather than being sold in an open-market transaction.

Was the PACS Form 4 transaction an open-market sale of shares?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. 24,691 PACS common shares were withheld to cover tax liabilities linked to vesting restricted stock units, as described in the filing’s footnote, which explains the nature of the transaction.

How many PACS shares does Michelle Renee Lewis hold after the reported transaction?

After the tax-withholding transaction, Michelle Renee Lewis directly holds 385,338 PACS common shares. This post-transaction balance, reported on the Form 4, shows she maintains a significant ongoing equity stake in PACS Group, Inc. following the restricted stock unit vesting event.

What was the share price used for the PACS tax-withholding transaction?

The tax-withholding disposition used a price of $33.14 per PACS common share. This price is applied to the 24,691 withheld shares in the Form 4, reflecting the value used to satisfy the related tax liabilities on the vested restricted stock units.

What does the tax-withholding code F mean on the PACS Form 4 filing?

Code F on the PACS Form 4 indicates payment of tax liability by delivering securities. In this case, 24,691 PACS shares were withheld when restricted stock units vested, satisfying taxes due and not representing a discretionary market sale by the insider.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/17/2026 - 06:09 PM EDT Learn about SEC filing dates

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)
04/15/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/15/2026		F(1)		24,691	D	$33.14	385,338	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Payment of tax liability through the withholding of securities upon the vesting of previously granted and reported restricted stock units.

Remarks:

	/s/ John Mitchell, Attorney-in-Fact	04/17/2026
	** 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)