PACS Group director receives 4,287-share RSU grant

PACS Group, Inc. director Patrick Hugh Conway reported receiving an equity award in the form of 4,287 restricted stock units of Common Stock.

Accepted by SEC EDGAR 07/06/2026 - 06:49 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

PACS Group, Inc. director Patrick Hugh Conway reported receiving an equity award in the form of 4,287 restricted stock units of Common Stock. These RSUs carry no purchase price and increase his direct holdings to 12,444 shares after the award.

The footnote explains that each RSU will convert into one share of Common Stock upon vesting. All RSUs vest on the earlier of July 1, 2027 or the company’s next annual meeting after the grant date, as long as Conway continues to serve the company through that time.

Insider Trade Summary

Grant/Award: 4,287 shares

Grant/Award 1 txn

Insider Conway Patrick Hugh

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	4,287	$0.00	$0.00

Holdings After Transaction: Common Stock — 12,444 shares (Direct)

Holdings Before and After: Common Stock, 8,157 to 12,444 shares (Direct)

Footnotes (1)

1. F1. 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) July 1, 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.

Key Figures

RSU grant size: 4,287 RSUs Price per RSU: $0.0000 per unit Total shares after transaction: 12,444 shares +1 more

4 metrics

RSU grant size 4,287 RSUs Restricted stock units awarded to director on July 1, 2026

Price per RSU $0.0000 per unit Reported transaction price for the RSU award

Total shares after transaction 12,444 shares Director’s reported beneficial ownership after RSU grant

Vesting date trigger July 1, 2027 Latest date when 100% of RSUs vest if still serving

Key Terms

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

3 terms

restricted stock units ("RSUs") financial

"Represents restricted stock units ("RSUs") for which the Reporting Person is entitled to receive one (1) share"

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. 100% of the RSUs will vest"

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

"will vest on the earlier to occur of (i) July 1, 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.

FAQ

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

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

PACS Group reported that director Patrick Hugh Conway received 4,287 restricted stock units as an equity award. Each RSU represents the right to receive one share of Common Stock when it vests, rather than an open-market purchase or sale.

How many PACS Group (PACS) shares does the director hold after the award?

After the RSU grant, Patrick Hugh Conway is reported to beneficially own 12,444 shares of PACS Group Common Stock. This total includes the 4,287 restricted stock units that were awarded and reflected in the Form 4 filing.

What are the vesting terms of the PACS (PACS) restricted stock units?

All 4,287 restricted stock units vest on the earlier of July 1, 2027, or the date of the next annual meeting following the grant. Vesting is conditioned on Conway’s continued service to PACS Group through that applicable date.

Did the PACS (PACS) director pay a price for the RSU grant?

No cash price was paid for the award, as the RSUs were granted with a reported price per share of 0.0000. They represent compensation that will convert into shares if vesting conditions tied to continued service are satisfied.

Is this PACS (PACS) Form 4 an open-market buy or sell?

This Form 4 reflects an acquisition through a grant or award, not an open-market trade. The transaction code is “A,” indicating a compensation-related grant of restricted stock units rather than a discretionary purchase or sale in the market.

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

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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^*

Conway Patrick Hugh

(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)
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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/01/2026		A		4,287(1)	A	$0	12,444	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. 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) July 1, 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	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)