Pennant Group (PNTG) Chief Clinical Officer sells 1,394 shares in Rule 10b5-1 trade
Rhea-AI Filing Summary
Pennant Group, Inc. Chief Clinical Officer Jason Paul Steik reported a sale of 1,394 shares of common stock on 2026-08-06 at $38.522 per share in an open-market or private transaction. Following this transaction, he directly holds 15,106 shares of Pennant Group common stock. The trade was affirmed as made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,394 shares
Net Sell
1 txn
Insider
Steik Jason Paul
Role
Chief Clinical Officer
Sold
1,394 shs ($54K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,394 | $38.522 | $54K |
Holdings After Transaction:
Common Stock — 15,106 shares (Direct)
Key Figures
Shares sold: 1,394 shares
Sale price: $38.522 per share
Shares held after: 15,106 shares
3 metrics
Shares sold
1,394 shares
Common stock sale on 2026-08-06 by Chief Clinical Officer
Sale price
$38.522 per share
Price for the 1,394-share sale on 2026-08-06
Shares held after
15,106 shares
Direct common stock holdings following the reported sale
Key Terms
Rule 10b5-1, Form 4, open-market or private transaction
3 terms
Rule 10b5-1 regulatory
"affirmed under a Rule 10b5-1 trading plan checkbox"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
Form 4 regulatory
"executive trading must be reported publicly on 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.
open-market or private transaction financial
"Sale in open market or private transaction"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Pennant Group (PNTG) report for Jason Paul Steik?
Pennant Group (PNTG) reported that Chief Clinical Officer Jason Paul Steik sold 1,394 shares of common stock on 2026-08-06. The sale was executed at a price of $38.522 per share in an open-market or private transaction.
Was the Pennant Group (PNTG) insider sale under a Rule 10b5-1 trading plan?
Yes. The filing indicates the transaction was affirmed under a Rule 10b5-1 trading plan. Such plans pre-arrange trading activity, which can reduce the informational value of the timing of this 1,394-share sale for investors.
What role does Jason Paul Steik hold at Pennant Group (PNTG)?
Jason Paul Steik is Pennant Group’s Chief Clinical Officer. In this capacity, he is an executive officer, and his sale of 1,394 shares at $38.522 per share must be reported publicly on Form 4.