Brent Guerisoli - Feb 23, 2024 Form 4 Insider Report for Pennant Group, Inc. (PNTG)

Role
President
Signature
/s/ Kirk Cheney, as attorney in fact
Stock symbol
PNTG
Transactions as of
Feb 23, 2024
Transactions value $
-$23,697
Form type
4
Date filed
2/27/2024, 06:54 PM
Previous filing
Aug 24, 2023
Next filing
Mar 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNTG Common Stock Options Exercise $13.3K +2.51K +3.18% $5.31 81.5K Feb 23, 2024 Direct F1
transaction PNTG Common Stock Sale -$23.7K -1.39K -1.7% $17.11 80.1K Feb 23, 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PNTG Stock Option (right to buy) Options Exercise -$13.3K -2.51K -100% $5.31 0 Feb 23, 2024 Common Stock 2.51K $5.31 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted on May 5, 2023.
F2 This transaction was executed in multiple trades at the price of $17.11. The reporting person hereby undertakes to provide upon request by the commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares executed at each transaction.
F3 Options assumed on October 1, 2019 by the Registrant under The Ensign Group, Inc. 2007 Omnibus Incentive Plan as a result of the Spin-off. The options have vested.