BrightSpring President Scott A. Greenwell Exercises Options, Sells Shares

What Happened
Scott A. Greenwell, President of PharMerica (an affiliate of BrightSpring Health Services, BTSG), exercised options and sold shares on Sept 14, 2026. He exercised or converted 11,973 option-derived shares at an exercise price of $22.27 per share (total cost ~$266,639). On the same day he sold 15,099 shares in an open-market transaction at $57.91 per share, receiving approximately $874,383. The filing also shows a derivative disposition of 11,973 shares at $0, which is reported alongside the exercise.

Key Details

• Transaction date: 2026-09-14; Form 4 filed: 2026-09-16 (within the typical 2-business-day window).
• Option exercise: 11,973 shares acquired at $22.27 each = $266,639.
• Open-market sale: 15,099 shares sold at $57.91 each = $874,383.
• Derivative entry: 11,973 shares reported disposed at $0 (reported alongside the exercise).
• Shares owned after transaction: not specified in the provided filing summary.
• Footnote: F1 — options vest in three equal annual installments commencing June 20, 2026.
• No 10% owner status or 10b5-1 plan is indicated in the provided data.

Context
This was both an option exercise (acquisition) and a sale. Option exercises can be informative because they represent a purchase at a set price; the concurrent sale(s) may reflect liquidity or tax/settlement activity. The separate derivative disposition entry is commonly used in Form 4s when options are converted; the filing does not explicitly state tax withholding, whether shares were used to cover exercise costs, or a cashless-exercise mechanism.