Bolton Jeffrey 4

What Happened
Jeffrey Bolton, a director of Enhabit, had a total of 139,682 equity units disposed/converted in connection with the company’s merger. Transactions: a gift of 11,000 shares (11,000 x $13.80 = $151,800) on 2026-05-13, and two dispositions to the issuer of 48,000 shares ($662,400) and 80,682 shares ($1,113,412) on 2026-05-15. All reported units were converted/cancelled for $13.80 per share under the merger agreement (total cash ≈ $1,927,612). These were not open-market sales but cash-outs under the merger; the gift is a non-sale transfer and does not necessarily signal trading intent.

Key Details

• Transaction dates and prices: 2026-05-13 (gift) and 2026-05-15 (dispositions) at $13.80 per share.
• Total reported consideration: approximately $1,927,612.
• Shares owned after transaction: The reported shares/DSUs were cancelled and converted to cash per the merger; the filing does not state any remaining common shares retained by Bolton.
• Footnotes: F1 = Merger Agreement converted each outstanding common share into $13.80 in cash at the merger’s effective time. F2 = Deferred Stock Units (DSUs) were similarly cancelled and converted into the Merger Consideration (cash), less taxes/withholding.
• Filing timeliness: Transactions dated 5/13 and 5/15 were reported on Form 4 filed 2026-05-15 (appears timely under the two-business-day rule).

Context: Dispositions labeled as "to the issuer" reflect the company buying back/canceling shares as part of the merger cash-out, not insider-driven market sales. Gifts are transfers, not purchases, and generally do not reflect a buy/sell signal.