Insider Robert Ortenzio Maintains Large Stake in Select Medical

TL;DR

**Insider Robert Ortenzio still owns a ton of SEM shares, showing strong conviction.**

AI Summary

Robert A. Ortenzio, a key insider at Select Medical Holdings Corp (SEM), filed an amendment to his SC 13G, revealing his beneficial ownership as of December 31, 2023. He holds sole voting and dispositive power over 6,839,668 shares and shared voting and dispositive power over an additional 2,120,245 shares. This filing is important for investors because it shows a significant insider's continued substantial stake in the company, signaling his confidence in its future.

Why It Matters

This filing confirms that a major insider, Robert A. Ortenzio, continues to hold a substantial number of shares in Select Medical Holdings Corp, which can be seen as a vote of confidence in the company's prospects.

Risk Assessment

Risk Level: low — This filing indicates an insider maintaining a significant stake, which generally reduces perceived risk as it aligns management's interests with shareholders.

Analyst Insight

A smart investor would view this as a positive signal, as a key insider maintaining a large stake suggests confidence in the company's long-term value. It might warrant further research into Select Medical Holdings Corp's fundamentals.

Key Numbers

• 6,839,668 — Sole Voting/Dispositive Shares (Number of shares Robert A. Ortenzio controls independently)
• 2,120,245 — Shared Voting/Dispositive Shares (Number of shares Robert A. Ortenzio controls jointly with others)

Key Players & Entities

• Robert A. Ortenzio (person) — Reporting Person, beneficial owner of Select Medical Holdings Corp shares
• Select Medical Holdings Corp (company) — The issuer of the securities being reported on
• 6,839,668 (dollar_amount) — Shares with sole voting and dispositive power held by Robert A. Ortenzio
• 2,120,245 (dollar_amount) — Shares with shared voting and dispositive power held by Robert A. Ortenzio
• December 31, 2023 (date) — Date of event requiring the filing of this statement

Forward-Looking Statements

• Robert A. Ortenzio will continue to be a significant shareholder in Select Medical Holdings Corp. (Robert A. Ortenzio) — high confidence, target: December 31, 2024

FAQ

Filing Documents

• tm244929d1_sc13ga.htm (SC 13G/A) — 49KB
• 0001104659-24-010166.txt ( ) — 50KB

(a). Name of Issuer

Item 1(a). Name of Issuer: Select Medical Holdings Corporation

(b). Address of Issuer’s Principal Executive Offices

Item 1(b). Address of Issuer’s Principal Executive Offices: 4714 Gettysburg Road, P.O. Box 2034, Mechanicsburg, Pennsylvania 17055

(a). Name of Person Filing

Item 2(a). Name of Person Filing: Robert A. Ortenzio

(b). Address of Principal Business Office or, if None, Residence

Item 2(b). Address of Principal Business Office or, if None, Residence: c/o Select Medical Holdings Corporation 4714 Gettysburg Road, P.O. Box 2034, Mechanicsburg, Pennsylvania 17055

(c). Citizenship

Item 2(c). Citizenship: United

(d). Title of Class of Securities

Item 2(d). Title of Class of Securities: Common Stock, $.001 par value (“Common Stock”)

(e) CUSIP Number

Item 2(e) CUSIP Number: 81619Q105

If

Item 3. If this Statement is Filed Pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), Check Whether the Person Filing is a: Not Applicable. (a) Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); (k) Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:_______________

Ownership

Item 4. Ownership. The following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1 is presented as of February 1, 2024: (a) Amount beneficially owned: 8,959,913 (b) Percent of class: 6.98% based upon 128,361,492 shares of Common Stock outstanding as of February 1, 2024. (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 6,839,668 (ii) Shared power to vote or to direct the vote 2,120,245 (iii) Sole power to dispose or to direct the disposition of 6,839,668 (iv) Shared power to dispose or to direct the disposition of 2,120,245

Ownership of Five Percent or Less of

Item 5. Ownership of Five Percent or Less of a Class. Not Applicable.

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not Applicable.

Identification and Classification of the Subsidiary Which

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not Applicable.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group. Not Applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. Not Applicable.

Certifications

Item 10. Certifications. Not applicable. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 2, 2024 Date /s/ Robert A. Ortenzio Signature Robert A. Ortenzio Name/Title

View Full Filing

View this SC 13G/A filing on SEC EDGAR