SC 13G: Pennant Group, Inc.
Ticker: PNTG · Form: SC 13G · Filed: Feb 14, 2024 · CIK: 1766400
Sentiment: neutral
Topics: sc-13g
AI Summary
SC 13G filing by Pennant Group, Inc..
Risk Assessment
Risk Level: low
Filing Stats: 2,142 words · 9 min read · ~7 pages · Grade level 10.4 · Accepted 2024-02-14 17:24:32
Key Financial Figures
- $0.001 — me of Issuer) Common Stock , par value $0.001 per share (Title of Class of Securitie
Filing Documents
- pntg-sc13g_123123.htm (SC 13G) — 80KB
- exa.htm (EX-99.A) — 6KB
- 0001999371-24-002359.txt ( ) — 87KB
Ownership of Five Percent or Less of a Class
Item 5 Ownership of Five Percent or Less of a Class. As of the date of this Report, the aggregate beneficial ownership of the Reporting Persons had been reduced to below five percent (5%).
Ownership of More than Five Percent on Behalf of Another Person
Item 6 Ownership of More than Five Percent on Behalf of Another Person. Mr. Green, 8 Knots GP, and 8 Knots Management may be deemed to beneficially own 1,201,222 shares of Common Stock reported in this statement beneficially owned by 8 Knots Fund, which represents 4.01% of the Common Stock of the Issuer. 8 Knots Fund holds the right to receive dividends from, or the proceeds from the sale of, all such 1,201,222 shares of Common Stock. Shares of common stock representing 497,280 shares of Common Stock are held by the SMAs in the aggregate, each of which has the right to receive dividends from, or the proceeds from the sale of, the actual shares held by each such SMA (as set forth in Item 4). Such interest does not relate to more than 5 percent of the outstanding Common Stock. Item 7. Identification and Classification of Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. 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 CUSIP No. 70805E109 13G Page 9 of 11
Certification
Item 10. Certification Each of the Reporting Persons hereby makes the following certification: By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. Exhibits. Exhibit A Joint Filing Agreement by and between the Reporting Persons dated February 14, 2024. CUSIP No. 70805E109 13G Page 10 of 11 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 14, 2024 Date 8 Knots Management, LLC By: /s/ Scott Green Scott Green, Managing Member 8 Knots Fund, LP By: 8 Knots GP, LP, its general partner 8 Knots GP, LP By: /s/ Scott Green Scott Green, President Scott Green By: /s/ Scott Green Scott Green