Schochet Barry P. 4

What Happened

• Barry P. Schochet, a director of Enhabit, disposed of company equity on 2026-05-15 as part of the announced merger. He had two dispositions: 7,325 shares at $13.80 each for $101,085, and 64,605 shares at $13.80 each for $891,549 — total proceeds of $992,634.
• These were dispositions to the issuer under the Merger Agreement (i.e., equity converted into cash), not open-market sales. Such cash-outs are typically a transaction result of the merger rather than an independent trading signal.

Key Details

• Transaction date and price: 2026-05-15, $13.80 per share.
  • 7,325 shares → $101,085
  • 64,605 shares → $891,549
  • Total ≈ $992,634
• Shares owned after transaction: The filing shows the equity was canceled/converted under the merger; company common stock outstanding was converted to merger consideration (effectively no remaining public common shares).
• Notable footnotes:
  • F1: Per the Merger Agreement, each outstanding share of common stock was canceled and converted into the right to receive $13.80 in cash.
  • F2: Deferred stock units (DSUs) also converted into the same cash Merger Consideration (less taxes/withholding).
• Filing/timeliness: Report filed 2026-05-15 (no late filing indicated in the provided excerpt).

Context

• Transaction code: D (Disposition to issuer) — this reflects the merger cash-out rather than a voluntary open-market sale by the insider.
• For retail investors: merger conversions and DSU cash-outs are routine corporate-event transactions and do not necessarily signal insider sentiment. Purchases or open-market sales outside of a merger are generally more informative about an insider’s view.