Christensen Christopher R. 4

What Happened
Christopher R. Christensen, a director of Pennant Group, was granted 1,900 shares on 2026-01-15 as an award (transaction code A). The grant price is reported as $0.00, so the reported value at grant is $0. These shares are restricted and subject to a vesting schedule (see below), so they are not an immediate open-market purchase signal.

Key Details

• Transaction date: 2026-01-15; Form 4 filed: 2026-01-21. The filing occurred after the transaction date and later than the typical two-business-day Form 4 deadline.
• Grant: 1,900 shares @ $0.00 (award/acquisition), reported value $0 at grant.
• Vesting: Shares vest in three annual installments beginning January 15, 2027 (footnote F1).
• Beneficial ownership reported (per footnote F2): 481,149 shares held by Hobble Creek Investments, LLC (Christensen sole member), 138,027 directly owned by The Christopher R. Christensen 2020 Irrevocable Trust (indirectly by spouse as trustee), 2,171 held directly by his spouse, and 2,000 held by his former spouse as custodian for minor children. Those holdings total 623,347 shares; including the 1,900-share award brings the reported total to 625,247 shares.
• Footnote on custody/voting: The former spouse holds voting and investment power over the 2,000 shares held for the children (per F2).

Context

• This was an equity grant (restricted shares) rather than an open-market purchase or sale. Grants that vest over time are typically compensation-related and do not necessarily signal immediate insider buying interest.
• The late filing may draw investor attention; Form 4s are generally expected within two business days of the transaction.