SCHEDULE: 8 Knots Management Boosts Enhabit Stake to 7.61%

8 Knots Management, LLC and Scott Green have reported beneficial ownership of 7.61% of Enhabit, Inc.'s common stock.

Summary

• 8 Knots Management, LLC and Scott Green collectively hold beneficial ownership of 3,853,067 shares of Enhabit, Inc. common stock, representing 7.61% of the class.
• This ownership includes shares held by 8 Knots Fund, LP (2,035,999 shares or 4.02%) and 8 Knots Fund II, LP (170,645 shares or 0.34%).
• 8 Knots GP, LP, as the general partner of 8 Knots Fund and 8 Knots Fund II, is deemed to beneficially own 2,206,644 shares, or 4.36% of the common stock.
• Scott Green is the sole managing member of 8 Knots Management, LLC, which serves as an investment adviser to the funds and certain separately managed accounts (SMAs).
• The percentage of class is calculated based on 50,637,417 shares of Enhabit, Inc. common stock outstanding as of May 8, 2025.
• Beneficial ownership is disclaimed for 354,044 shares held by a Sub-Advised Fund and 1,167,662 shares held across four other separately managed accounts (SMA-1, SMA-3, SMA-4, SMA-5) due to termination clauses in advisory agreements.

Sentiment

Score: 6

Explanation: The filing is a factual disclosure of beneficial ownership. The establishment of a significant institutional stake (7.61%) by 8 Knots Management and Scott Green could be viewed as a positive signal of investor confidence, although the filing itself does not convey explicit sentiment.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance.

Industry Context

This filing indicates a significant institutional stake in Enhabit, Inc., a company operating in the healthcare services sector, specifically home health and hospice. Such disclosures are common for investment firms taking substantial positions in publicly traded companies, reflecting their investment strategy and confidence (or lack thereof) in the company's prospects.

Related Party Transactions

• 8 Knots Management, LLC serves as the investment adviser to 8 Knots Fund, LP and 8 Knots Fund II, LP.
• 8 Knots GP, LP is the general partner of both 8 Knots Fund, LP and 8 Knots Fund II, LP.
• Scott Green is the sole managing member of 8 Knots Management, LLC and President of 8 Knots GP, LP, establishing a control relationship across the reporting entities.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake by 8 Knots Management and Scott Green provides transparency regarding a major investor's position, which could influence market perception and potentially signal increased institutional interest in Enhabit, Inc.

Key Dates

Keywords

Enhabit Inc, 8 Knots Management, Scott Green, Beneficial Ownership, Common Stock, Investment Adviser, Institutional Ownership, SEC Filing, Schedule 13G