[Form 4] Pennant Group, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Pennant Group (PNTG) executive Kirk Cheney, EVP, General Counsel and Corporate Secretary, reported an insider transaction on 11/11/2025. He acquired 3,800 shares of common stock via an option exercise (Code M) at $15.09 per share.

After the transaction, he beneficially owned 16,920 common shares directly. The exercised employee stock option carried a $15.09 exercise price, first became exercisable on 10/01/2020, and expires on 10/01/2029. Following the exercise, 4,200 derivative securities (stock options) remained beneficially owned.

Insights

Governance & Insider Transactions Analyst

Routine insider option exercise increases shares held; neutral impact.

The filing records a Code M option exercise of 3,800 shares at $15.09 by a senior officer. Code M indicates conversion of a derivative (option) into common stock, which raises direct share ownership while reducing derivative holdings.

Post-transaction, direct holdings are 16,920 common shares, and 4,200 options remain. The option was first exercisable on 10/01/2020 and expires on 10/01/2029. This is a standard administrative update without disclosed proceeds or strategic signals.

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^*

Cheney Kirk Sterling

(Last) (First) (Middle)

1675 E. RIVERSIDE DR

SUITE 150

(Street)

EAGLE ID 83616

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Pennant Group, Inc. [ PNTG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, GC and Corp Secy

3. Date of Earliest Transaction (Month/Day/Year)
11/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	11/11/2025		M		3,800	A	$15.09	16,920	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
Stock Option (right to buy)	$15.09	11/11/2025		M			3,800	10/01/2020	10/01/2029	Common Stock	3,800	(1)	4,200	D

Explanation of Responses:

1. Represents the exercise of an employee option that fully vested in 2024, first became exercisable on October 1, 2020, and expires on October 1, 2029 (to the extent not previously exercised).

Remarks:

	/s/ Kirk Cheney	11/13/2025
	** 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.

FAQ

What insider activity did PNTG report?

An executive exercised stock options (Code M) for 3,800 shares at $15.09 on 11/11/2025.

How many PNTG shares does the executive hold after the transaction?

Direct beneficial ownership is 16,920 common shares after the exercise.

What was the exercise price of the options?

The stock options were exercised at $15.09 per share.

How many options remain after the transaction?

The filing shows 4,200 derivative securities (stock options) beneficially owned following the transaction.

When do the exercised options expire?

The option expires on 10/01/2029 and first became exercisable on 10/01/2020.

What is the insider's role at Pennant Group (PNTG)?

Kirk Cheney is the EVP, General Counsel and Corporate Secretary.