Rodgers Stephan 4

What Happened

• Rodgers Stephan, a director of Enhabit, reported a disposition to the issuer: 21,338 shares were converted/cashed out at $13.80 per share, for total proceeds of $294,464. This was not an open-market sale but a cash-out under the company’s merger agreement.

Key Details

• Transaction date: 2026-05-15
• Transaction type/code: Disposition to issuer (D)
• Price and value: $13.80 per share; total $294,464
• Shares owned after transaction: Not reported in this filing
• Timeliness: Filed on 2026-05-15 for the 2026-05-15 transaction (timely)
• Footnotes:
  • F1: Per the Merger Agreement (dated Feb 22, 2026), at the effective time each outstanding common share was canceled and converted into the right to receive $13.80 in cash.
  • F2: Deferred stock units (DSUs) — each representing a contingent right to one share — were likewise cancelled and converted into cash at $13.80 per unit, less taxes/withholding.

Context

• This transaction reflects a merger cash-out rather than a voluntary market sale; insiders’ shares and DSUs were automatically converted into the merger consideration. Such merger-related dispositions are routine outcomes of corporate transactions and do not by themselves indicate insider sentiment about future performance.