CEO Murray Jason Hulse sold 8,128,352 shares at $36.25 for $294.7M, reducing stake to 45.13M shares (-15.3%)
Murray Jason Hulse, Co-Founder, CEO & Chairman, sold 8,128,352 shares (8.13M shares) at $36.25 on 2024-09-09 for $294,652,760.00, reducing his holdings from 53.25M to 45.13M shares—a 15.3% reduction in ownership. The sale occurred at a price modestly below the current market price of $38.34 and well below the 52-week high of $41.54. His prior sale at PACS on 2024-04-15 registered +35.0% over 30 days and +47.7% over 90 days, indicating the stock rose after that earlier sale; the current sale will be evaluated on similar timing metrics. The company reported revenue of $981.8M in the latest quarter against a net loss of $10.9M, and the sale by the controlling insider of a material stake portion occurs in this context of operating losses despite substantial top-line scale.