Brown-Stevenson Tina L. 4

What Happened
Tina L. Brown‑Stevenson, a director of Enhabit, Inc. (EHAB), had two dispositions on May 15, 2026 that together removed 52,698 company-equivalent shares and resulted in $727,232 in cash proceeds. The transactions were dispositions to the issuer at $13.80 per share: 1,550 shares for $21,390 and 51,148 shares for $705,842. These dispositions occurred under the company’s March/February 2026 Merger Agreement, in which outstanding common stock and deferred stock units were converted into cash consideration.

Key Details

• Transaction date: 2026-05-15. Price: $13.80 per share for both dispositions. Total value: $727,232.
• Nature of transaction: Disposition to issuer (code D) — shares/units were cancelled and converted into the merger cash consideration.
• Shares reported disposed: 1,550 and 51,148 (total 52,698).
• Shares owned after transaction: the reported shares/DSUs were cancelled and converted into cash at the merger Effective Time (i.e., those securities are no longer outstanding).
• Relevant footnotes:
  • F1: Common stock outstanding immediately prior to the Effective Time was canceled and converted into $13.80 cash per share under the Merger Agreement.
  • F2: Deferred stock units (DSUs) were likewise canceled and converted into the $13.80 Merger Consideration, less applicable taxes/withholding.
• Filing timeliness: Reported and filed on 2026-05-15 (no late filing indicated).

Context: These were not open-market sales but cash conversions tied to a merger — shareholders and DSU holders received $13.80 per share/unit. This is a transactional disposition under the Merger Agreement rather than an independent insider sell signal in the market.