Hancock Mark 4
4 · PACS Group, Inc. · Filed Jun 22, 2026
Research Summary
AI-generated summary of this filing
PACS Group (PACS) 10% Owner Mark Hancock Sells Shares
What Happened
Mark Hancock, a 10% owner of PACS Group, sold a total of 63,680 shares in open-market transactions on June 17, 2026. The filing shows two disposals: 60,364 shares at a weighted average price of $35.28 (proceeds $2,129,871) and 3,316 shares at a weighted average price of $35.75 (proceeds $118,544), for combined proceeds of approximately $2,248,415. These were sales (not purchases), and the filing notes they were executed under a pre-established trading plan.
Key Details
- Transaction date: 2026-06-17; Form 4 filed: 2026-06-22 (filed five days after the trades).
- Reported weighted-average prices and ranges:
- 60,364 shares at $35.28 WAP; per-share range reported $34.6757–$35.67 (Footnote F2).
- 3,316 shares at $35.75 WAP; per-share range reported $35.6799–$36.0685 (Footnote F3).
- Total shares sold: 63,680; total proceeds: ~$2.25 million.
- Shares owned after transaction: not specified in the provided filing details.
- Notable footnote: Sales were effected pursuant to a Rule 10b5-1 trading plan adopted March 11, 2026 (Footnote F1). The filer offers to provide a breakdown of how many shares were sold at each price within the ranges upon request.
Context
A sale under a Rule 10b5-1 plan indicates the trades were pre-planned and not necessarily a reflection of immediate insider views. As a 10% owner, Hancock is a significant shareholder rather than a routine executive disclosure; investors should treat these as disposals by a large holder rather than a managerial purchase signal. The later filing date (June 22 for June 17 trades) appears to exceed the typical two-business-day Form 4 deadline, which may warrant attention by investors tracking timeliness of insider reporting.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-06-17$35.28/sh−60,364$2,129,871→ 54,305,913 total - Sale
Common Stock
[F1][F3]2026-06-17$35.75/sh−3,316$118,544→ 54,302,597 total
Footnotes (3)
- [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 $34.6757 to $35.67 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 $35.6799 to $36.0685 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.