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: Christensen Christopher R. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-10-01	Common Stock	A	116599	$0.00	Acquired	116599	Direct
2019-10-01	Common Stock	A	622333	$0.00	Acquired	738932	Indirect
2019-10-01	Common Stock	A	33134	$0.00	Acquired	772066	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-10-01	Stock Option (right to buy)	$15.09	A	8000	Acquired	2029-10-01	Common Stock (8000)	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 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: Of these shares, 618,162 shares are held by Hobble Creek Investments, LLC, of which Mr. Christensen is the sole member, 2,171 shares are held by Mr. Christensen's spouse, and 2,000 shares are held by Mr. Christensen's former spouse as custodian for their minor children under the California Uniform Transfers to Minors Act. Mr. Christensen's former spouse holds voting and investment power over the shares held for their children.

F3: Shares of restricted stock granted on October 1, 2018 under The Pennant Group, Inc. 2019 Long Term Incentive Plan.

F4: Options granted on October 1, 2019 under The Pennant Group, Inc. 2019 Omnibus Incentive Plan. The options vest in three equal annual installments beginning on the first anniversary of the date of the grant.