Pennant Group, Inc. — Director's Dealing 2019

Oct 3, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Pennant Group, Inc. (PNTG)
CIK: 0001766400
Period of Report: 2019-10-01

Reporting Person: Walker Daniel H (Director, See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-10-01	Common Stock	A	849	$0.00	Acquired	849	Direct
2019-10-01	Common Stock	A	693584	$0.00	Acquired	694433	Indirect
2019-10-01	Common Stock	A	1192842	$0.00	Acquired	1887275	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-10-01	Stock Option (right to buy)	$3.36	A	6914	Acquired	2024-02-07	Common Stock (6914)	Direct
2019-10-01	Stock Option (right to buy)	$4.09	A	6914	Acquired	2024-05-29	Common Stock (6914)	Direct
2019-10-01	Stock Option (right to buy)	$8.03	A	16972	Acquired	2025-07-30	Common Stock (16972)	Direct

Footnotes

F1: Shares of common stock received in the October 1, 2019 pro rata distribution of shares of The Pennant Group, Inc. (the "Registrant") by The Ensign Group, Inc. to its stockholders (the "Spin-off") and shares of Cornerstone Healthcare, Inc. converted into shares of the Registrant pursuant to the to a merger of Cornerstone Merger Sub, Inc., a wholly-owned subsidiary of the Registrant, with and into Cornerstone Healthcare, Inc., with Cornerstone Healthcare, Inc. as the surviving corporation, in connection with the Spin-off.

F2: These shares are held by Amoeba Investments, LLC, of which Mr. Walker is the sole member.

F3: Shares of restricted stock units granted on October 1, 2019 under The Pennant Group, Inc. 2019 Omnibus Incentive Plan.

F4: 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, all of which have vested.

F5: 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, all of which have vested.

F6: 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. 11,315 of these options are vested. 5,657 will vest on July 30, 2020.