Hancock Mark 4

What Happened
Mark Hancock, identified as a 10% owner of PACS Group, sold a total of 25,304 shares of PACS common stock in two open-market transactions, generating approximately $1,140,392 in proceeds. On 2026-07-08 he sold 20,338 shares at a weighted average price of $45.07 (proceeds $916,611). On 2026-07-09 he sold 4,966 shares at a weighted average price of $45.06 (proceeds $223,781). These sales were reported on a Form 4 filed 2026-07-10.

Key Details

• Transaction type: Sales (code S) in open market/private sale
• Dates: 2026-07-08 (20,338 shares) and 2026-07-09 (4,966 shares)
• Weighted average prices & proceeds:
  • 7/8: $45.07 (weighted average); proceeds $916,611. Price range per footnote: $45.00–$45.2861.
  • 7/9: $45.06 (weighted average); proceeds $223,781. Price range per footnote: $45.00–$45.255.
• Total shares sold: 25,304; total proceeds: ~$1,140,392.
• Footnote F1: Sales were effected under a Rule 10b5-1 trading plan adopted March 11, 2026.
• Footnotes F2/F3: Reported prices are weighted averages; the filer will provide a per-price breakdown on request to the issuer, shareholders, or SEC staff.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Filing timeliness: Form 4 was filed 2026-07-10 for transactions on 7/8 and 7/9; the filing appears timely.

Context

• As a 10% owner (large shareholder), Hancock's sales reflect disposition by a significant holder rather than an executive compensation event. The use of a Rule 10b5-1 plan indicates these sales were executed under a pre-established plan, which is commonly used to avoid timing issues and potential insider trading concerns.
• Sales do not necessarily signal negative views about the company; they may reflect diversification, liquidity needs, or other personal reasons.