Hoeflinger Erin 4

What Happened

• Erin Hoeflinger, a director of Enhabit, reported two dispositions to the issuer on 2026-05-15: 11,100 shares disposed at $13.80 each ($153,180) and 69,305 units disposed at $13.80 each ($956,409), for a total of 80,405 units and $1,109,589. These were not open-market sales but cash-outs under the company’s merger agreement that converted outstanding common stock and deferred stock units (DSUs) into $13.80 per share in cash.

Key Details

• Transaction date and price: 2026-05-15 at $13.80 per share/unit.
• Total disposed: 80,405 (11,100 shares + 69,305 units) for $1,109,589 total.
• Shares owned after transaction: Not stated in the provided filing excerpt.
• Notable footnotes:
  • F1: Under the Merger Agreement dated Feb 22, 2026, each outstanding share was canceled and converted into $13.80 cash at the merger’s effective time.
  • F2: DSUs (deferred stock units) were likewise canceled and converted into the $13.80 cash Merger Consideration, less applicable taxes/withholding.
• Filing timeliness: The report covers and was filed for the 2026-05-15 transaction date (no late-filing indicated in the provided data).

Context

• This activity reflects the merger cash-out mechanism (conversion of shares and DSUs into cash), not an independent trading decision by the insider. Such dispositions under a merger are corporate actions that simply settle holdings for the agreed merger consideration.