Kirk Sterling Cheney, Executive Vice President, General Counsel and Corporate Secretary of Pennant Group, Inc. (NASDAQ: PNTG), filed a Form 4 on August 10, 2026, disclosing a sale of common stock on August 6, 2026.

Key Highlights

  • Shares sold: Cheney disposed of 1,393 shares of Pennant Group common stock on August 6, 2026.
  • Sale price: The transaction was executed at $38.522 per share.
  • Remaining ownership: Following the transaction, Cheney directly beneficially owns 18,401 shares of common stock.
  • 10b5-1 plan: According to the filing, the sale was effected pursuant to a Rule 10b5-1 trading plan adopted on August 26, 2022.
  • Transaction code: The filing reports transaction code S, indicating a sale in the open market.

Pennant Group EVP Disposes of Common Stock via Pre-Established Trading Plan

According to the Form 4 filed with the U.S. Securities and Exchange Commission, Kirk Sterling Cheney, who serves as Executive Vice President, General Counsel and Corporate Secretary of Pennant Group, Inc., sold 1,393 shares of the company's common stock on August 6, 2026. The shares were disposed of at a price of $38.522 each. The filing indicates the transaction was a direct disposition, coded "S" under the SEC's transaction classification system.

The filing discloses that the sale was carried out pursuant to a Rule 10b5-1 trading plan that Cheney adopted on August 26, 2022. Rule 10b5-1 plans allow corporate insiders to establish pre-scheduled instructions for buying or selling securities at a time when they are not in possession of material non-public information. Following the reported sale, Cheney's direct beneficial ownership in Pennant Group common stock stands at 18,401 shares, according to the filing.

No derivative securities transactions were reported in Table II of the filing. The Form 4 was signed by Kirk Cheney and filed on August 10, 2026. Pennant Group, Inc. is listed on NASDAQ under the ticker symbol PNTG.

What Was Disclosed

The filing reported a single open-market sale of 1,393 shares of Pennant Group common stock by the company's EVP, General Counsel and Corporate Secretary at $38.522 per share on August 6, 2026, executed under a pre-established Rule 10b5-1 trading plan, leaving the reporting person with 18,401 shares directly held.