The CEO and COO selling concurrently is notable but the dollar amounts are trivial relative to market cap. Monitor for any upcoming earnings release or material corporate event that could explain the timing. Given the strong historical positive drift on PACS filings, this cluster alone does not warrant a bearish stance — treat as noise unless followed by larger insider sales or negative corporate news.
Price Chart
Executive Summary
PACS Group insiders sold a total of ~$3.0M in shares over a two-week window, including the CEO (Jason Hulse) selling $2.6M on August 21 and the President & COO (Joshua Jergensen) selling $1.66M on August 12. While the dollar amount is modest relative to PACS's $7.0B market cap (~0.04%), the involvement of the CEO and COO in open-market sales warrants attention, though the cluster is not large enough to signal material bearish conviction on its own.
Key Financial Metrics
Key Facts
- CEO Jason Hulse sold 59,244 shares for ~$2.6M on August 21, 2026
- President & COO Joshua Jergensen sold 36,400 shares for ~$1.66M on August 12, 2026
- Director Patrick Conway sold 3,500 shares for ~$155K on August 14, 2026
- Total cluster value ~$4.4M, representing ~0.06% of PACS's $7.0B market cap
- All transactions were open-market sales (code S), not tax-withholding or option exercises
Financial Impact
Total insider sales of ~$4.4M, or ~0.06% of market cap — well below the 0.1% materiality threshold for a cluster of sells
Risk Factors
- CEO and COO selling concurrently could signal personal diversification or a cautious view on near-term valuation
- Insider sales may increase ahead of a potential secondary offering or lockup expiration
- The cluster is small relative to market cap, so the signal-to-noise ratio is low
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PACS-1787872136815 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Insider Cluster | $47.50 | awaiting T+5 | — | $48.76 (−2.65%) |
Oct 16, 2026 10d ago | Insider Cluster | $45.85 $48.76 | ▲ +6.35% | ▲ +6.49% | $48.76 (+6.35%) |
Sep 17, 2026 5w ago | Insider Cluster | $42.12 $41.30 | ▲ +1.95% | ▲ +3.22% | $48.76 (−15.76%) |
Sep 15, 2026 5w ago | Insider Cluster | $42.72 $41.05 | ▲ +3.91% | ▲ +5.73% | $48.76 (−14.14%) |
Aug 27, 2026 8w ago | Insider Cluster | $42.75 $42.50 | ▼ −0.58% | ▼ −0.69% | $48.76 (+14.06%) |
Aug 19, 2026 9w ago | Insider Cluster | $43.58 $44.24 | ▼ −1.51% | ▼ −0.40% | $48.76 (−11.89%) |
Jul 16, 2026 14w ago | Insider Cluster | $46.13 $44.82 | ▲ +2.84% | ▲ +2.15% | $48.76 (−5.70%) |
Jul 10, 2026 15w ago | Insider Cluster | $43.27 $46.13 | ▲ +6.61% | ▲ +7.39% | $48.76 (+12.69%) |
Jul 6, 2026 16w ago | Insider Cluster | $43.62 $44.95 | ▲ +3.05% | ▲ +2.50% | $48.76 (+11.78%) |
Jun 26, 2026 17w ago | Insider Cluster | $39.94 $45.00 | ▲ +12.67% | ▲ +11.28% | $48.76 (+22.08%) |
US Market Status
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