Saich John A. 4

What Happened

• John A. Saich, President of Select Medical Holdings Corp (SEM), disposed of 736,412 shares on 2026-06-30. The filing reports the disposition at $0.00 per share (total proceeds $0) because the shares were transferred under the Agreement and Plan of Merger and converted into interests of the acquiring parent.

Key Details

• Transaction date: 2026-06-30; Transaction code: J (other acquisition or disposition).
• Shares reported disposed: 736,412 (519,745 common shares + 216,667 restricted shares, per footnote).
• Price: $0.00 per share; Total proceeds reported: $0.
• Shares owned after transaction: not specified in the provided Form 4.
• Footnotes: F1 — disposition occurred under the Merger Agreement (Stallion/Parent) dated March 2, 2026. F2 — immediately prior to the merger effective time, Mr. Saich contributed the listed common and restricted shares to Parent and received equivalent Parent common/restricted shares, which were then exchanged for interests in Stallion Group Parent, LP.
• Filing date: 2026-07-01; the Form 4 covers the period ending 2026-06-30 (no late-filing indication in the provided data).

Context

• This was not an open-market sale but a transfer as part of a corporate merger/transaction; the $0 proceeds reflect an equity conversion rather than a cash sale. Such merger-related dispositions change holdings in the issuer but typically reflect deal mechanics rather than a direct signal of the insider’s view on the public equity price.