Weigl Christopher 4
4 · SELECT MEDICAL HOLDINGS CORP · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
Select Medical SVP Christopher Weigl Sells 12,382 Shares for $204k
What Happened
Christopher Weigl, Senior Vice President of Select Medical Holdings Corp (SEM), reported dispositions tied to the company’s March 2, 2026 merger agreement. On 2026-06-30: 12,382 pre-merger shares were converted into cash at $16.50 per share for $204,303 (Disposition to the issuer, code D). Additionally, 1,872 shares were surrendered to satisfy tax withholding (code F) valued at $16.50 each ($30,888). A separate entry shows 40,000 restricted shares were contributed/exchanged into parent/LP interests (code J) with no immediate cash reported.
Key Details
- Transaction date(s): 2026-06-30; Form 4 filed 2026-07-01 (appears timely).
- Prices and values: merger consideration was $16.50 per share; 12,382 shares = $204,303; 1,872 shares = $30,888.
- Total shares affected (per filing): 40,000 (contributed/exchanged), 12,382 (cashed out), 1,872 (surrendered for taxes) — 54,254 shares involved across entries.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: transactions occurred under the Agreement and Plan of Merger (F1); 40,000 restricted shares were contributed to Parent and then converted to interests in Stallion Group Parent, LP (F2); at the merger effective time, each pre-merger share converted into the right to receive $16.50 cash (F3); 1,872 shares were surrendered to satisfy tax withholding on vested restricted stock (F4).
- Transaction codes explained: D = disposition to issuer (merger cash-out); F = shares surrendered to cover tax withholding; J = other disposition/acquisition (contribution/exchange into Parent).
Context
These entries reflect corporate-merger mechanics rather than an open-market sale. Under the merger, each pre-merger share was converted into the right to receive $16.50 in cash; some restricted shares were exchanged into parent/LP interests instead of immediate cash. Surrenders for tax withholding are routine and do not necessarily signal insider sentiment.
Insider Transaction Report
- Other
Common Stock
[F1][F2]2026-06-30−40,000→ 14,524 total - Disposition to Issuer
Common Stock
[F1][F3]2026-06-30$16.50/sh−12,382$204,303→ 1,872 total - Tax Payment
Common Stock
[F4]2026-06-30$16.50/sh−1,872$30,888→ 0 total
Footnotes (4)
- [F1]This Form 4 reports securities disposed of under the Agreement and Plan of Merger (the "Merger Agreement"), entered into on March 2, 2026, by and among the Issuer, Stallion Intermediate Corporation ("Parent"), and Stallion MergerSub Corporation (filed as Exhibit 2.1 to the Form 8-K filed with the Securities and Exchange Commission on March 3, 2026).
- [F2]Immediately prior to the effective time of the merger, the Reporting Person contributed 40,000 restricted shares to Parent in exchange for an equivalent amount of shares restricted shares of Parent, which restricted shares were then exchanged for an equivalent amount of interests in Stallion Group Parent, LP.
- [F3]At the effective time of the merger, each of the Reporting Person's shares of common stock reported in this row of this Form 4 issued and outstanding immediately prior to the effective time of the merger was converted into the right to receive $16.50 per share in cash without interest.
- [F4]Surrender of shares to satisfy tax withholding obligation incident to vesting of restricted stock.