Form 4: PACS Group Co-Founder Mark Hancock Sells Shares
SEC Form 4 Filing
Mark Hancock, Co-Founder and Executive Vice Chair of PACS Group, Inc., reports the sale of 8,128,352 shares of common stock at $36.25 per share.
Summary
- On September 9, 2024, Mark Hancock, Co-Founder and Executive Vice Chair of PACS Group, sold 8,128,352 shares of PACS Group, Inc. common stock.
- The sale price was $36.25 per share.
- Following the transaction, Hancock directly owns 45,126,199 shares.
- Hancock also indirectly owns 9,500,000 shares through Cougar 2, LLC.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a transaction by an insider. It doesn't inherently convey positive or negative sentiment, but large insider sales can sometimes be interpreted negatively by the market.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 09/09/2024 | Date of transaction: Sale of 8,128,352 shares of PACS Group, Inc. common stock. |
| 09/10/2024 | Date of signature by Attorney-in-Fact. |
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