Hancock Mark 4

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.