Hancock Mark 4
4 · PACS Group, Inc. · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
PACS 10% Owner Mark Hancock Sells 236,320 Shares
What Happened
Mark Hancock, a reported 10% owner of PACS Group, Inc. (PACS), sold a total of 236,320 shares in open-market transactions on June 15–16, 2026, for aggregate proceeds of approximately $8,551,140. Individual transactions reported: 134,093 shares at a weighted average $36.23 ($4.86M); 19,138 shares at $37.05 ($709K); 23 shares at $37.88 ($871); and 83,066 shares at $35.90 ($2.98M). These were sales (S), which are often routine liquidity transactions rather than a direct bullish signal.
Key Details
- Transaction dates: June 15, 2026 (three lots) and June 16, 2026 (one lot). Filing date: June 17, 2026 (timely — Form 4s must be filed within two business days).
- Total shares sold: 236,320; total proceeds: ~$8.55 million.
- Reported weighted-average prices and ranges:
- 134,093 @ $36.23 (weighted avg; executions ranged $35.84–$36.835).
- 19,138 @ $37.05 (weighted avg; executions ranged $36.84–$37.445).
- 23 @ $37.88 (single small execution reported).
- 83,066 @ $35.90 (weighted avg; executions ranged $35.62–$36.49).
- The filing states at least some sales were effected pursuant to a Rule 10b5-1 trading plan adopted March 11, 2026. The reporting person offers to provide, on request, the breakdown of shares sold at each separate price within the cited ranges.
- Shares owned after the transactions: not specified in the provided excerpt.
Context
- Hancock is reported as a 10% owner (insider reporting category), which triggers Form 4 reporting requirements; such owners are not necessarily company executives.
- Sales executed under a 10b5‑1 plan are prearranged and commonly used to avoid timing concerns; they are not definitive evidence of the reporting person’s current view of the company.
- For retail investors, purchases can be a stronger signal of insider confidence than routine sales; this filing documents substantial liquidity taken by a large holder.
Insider Transaction Report
Form 4
PACS Group, Inc.PACS
Hancock Mark
Director10% Owner
Transactions
- Sale
Common Stock
[F1][F2]2026-06-15$36.23/sh−134,093$4,858,739→ 54,468,504 total - Sale
Common Stock
[F1][F3]2026-06-15$37.05/sh−19,138$709,145→ 54,449,366 total - Sale
Common Stock
[F1]2026-06-15$37.88/sh−23$871→ 54,449,343 total - Sale
Common Stock
[F1][F4]2026-06-16$35.90/sh−83,066$2,982,385→ 54,366,277 total
Footnotes (4)
- [F1]The sale reported in the Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 11, 2026.
- [F2]The price reported in Column 4 is a weighted average price. The securities were sold in multiple transactions at prices ranging from $35.84 to $36.835 per share of common stock. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F3]The price reported in Column 4 is a weighted average price. The securities were sold in multiple transactions at prices ranging from $36.84 to $37.445 per share of common stock. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F4]The price reported in Column 4 is a weighted average price. The securities were sold in multiple transactions at prices ranging from $35.62 to $36.49 per share of common stock. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Signature
/s/ John Mitchell, Attorney-in-Fact|2026-06-17