Hancock Mark 4

What Happened

Mark Hancock, a reported 10% owner of PACS Group, Inc. (PACS), sold a total of 200,000 shares of PACS common stock in open-market transactions on June 25–26, 2026. The three reported dispositions were: 138,069 shares at a weighted-average price of $40.33 (proceeds $5,567,701), 61,731 shares at $40.50 (proceeds $2,499,883), and 200 shares at $41.01 (proceeds $8,202) — roughly $8.08 million in total. These were sales (S), not purchases, and therefore are not a bullish insider purchase signal.

Key Details

• Transaction dates: 2026-06-25 and 2026-06-26. All entries are coded as sales (S).
• Prices: weighted-average prices reported; price ranges disclosed in the filing span $40.00–$40.67 and $40.01–$41.0016 across the multiple executions. The filer can provide per-trade breakdowns on request.
• Total shares sold: 200,000; total proceeds ≈ $8,075,786.
• Shares owned after transaction: Not disclosed in this Form 4 filing.
• Footnotes: F1 notes the sales were effected under a Rule 10b5‑1 trading plan adopted March 11, 2026. F2/F3 explain the reported prices are weighted averages from multiple executions and provide price ranges.
• Timeliness: Filing dated 2026-06-26 reporting transactions through 2026-06-25; the filing does not appear to be late.

Context

• As a 10% owner, Hancock is a large stakeholder rather than (necessarily) a company officer; 10b5‑1 plan sales are pre‑planned trades and do not, by themselves, indicate current insider intent.
• These were straightforward open-market dispositions (S). No options exercise, awards, gifts, or tax-withholding transactions are reported in this filing.