Sunlink Hlth SEC Filings

Ford C. Michael, an officer of SunLink Health Systems, Inc. (SSY), reported transactions on 08/14/2025 related to a corporate merger. The filing shows a disposition of 49,422 shares of SunLink common stock, leaving the reporting person with 0 shares of common stock following the transaction. The filing also reports dispositions of three director stock options (5,000; 12,000; and 10,000 options) that each had specified exercise prices and expiration dates and are shown as resulting in 0 options beneficially owned after the transactions. The explanatory note states that at the effective time of the merger between SunLink and Regional Health Properties, Inc., each five shares of SunLink common stock were converted into 1.1330 shares of Regional common stock plus one share of a Series D preferred of Regional, and that an option was terminated in the merger. The Form 4 was executed by M. Timothy Elder pursuant to power of attorney on 08/14/2025.

Insider dispositions and merger conversion reported for SunLink Health Systems, Inc. (SSY). Gene E. Burleson reported that on 08/14/2025 he disposed of 81,601 shares of SunLink common stock and an additional 10,000 shares that were held indirectly, leaving zero shares beneficially owned directly after the transactions. A director stock option for 5,000 shares (exercise price $1.79) was disposed/terminated in the same transaction.

The filing explains these changes arose at the effective time of a merger between SunLink and Regional Health Properties, Inc.: each five SunLink shares were converted into the right to receive 1.1330 shares of Regional common stock and one share of Series D 8% cumulative convertible redeemable participating preferred stock of Regional. The form was signed by power of attorney on 08/14/2025.

Steven J. Baileys, a reporting person for SunLink Health Systems, Inc. (SSY), reported multiple dispositions on 08/14/2025 that reduced his beneficial ownership in SunLink to 0 shares. The Form 4 shows sales/dispositions of 832,844 common shares in aggregate (551,244 + 50,000 + 50,000 + 180,000 + 1,600), and the filing notes these changes occurred at the effective time of a merger between SunLink and Regional Health Properties, Inc., under which SunLink shares were converted into Regional common stock and a Series D preferred share right per the merger terms. Several director stock options (5,000; 12,000; 10,000) were recorded as disposed/terminated in the merger, leaving 0 underlying shares held after the transactions.

SunLink Health Systems insider reporting: disposition of common stock tied to merger conversion. The filing shows that Mark J. Stockslager, identified as a former director and former CFO/accounting officer, reported a disposition on 08/14/2025 of 108,051 shares of SunLink common stock, resulting in 0 shares beneficially owned following the transaction. The explanation states that at the effective time of the merger between SunLink and Regional Health Properties, each five SunLink shares were converted into 1.1330 shares of Regional common stock plus one share of Series D preferred of Regional. The Form 4 was signed via power of attorney.

Robert M. Thornton Jr. reported dispositions of SunLink Health Systems, Inc. (SSY) common stock on 08/14/2025 in a transaction tied to a merger with Regional Health Properties, Inc. The Form 4 shows two dispositions: 554,562 shares and 5,000 shares (the latter held in an IRA), leaving 0 shares beneficially owned following the reported transactions. The filing explains that at the merger Effective Time each five SunLink shares were converted into 1.1330 shares of Regional common stock plus one share of Series D 8% cumulative convertible redeemable participating preferred stock of Regional. The 554,562 shares are reported as owned indirectly by CareVest Capital, L.L.C., of which Mr. Thornton owns 100% of the voting shares and is reporting CareVest’s holdings.