Steven J. Baileys - Aug 14, 2025 Form 4 Insider Report for SUNLINK HEALTH SYSTEMS INC (SSY)

Role: Former Director
Signature: M. Timothy Elder, pursuant to a power of attorney
Stock symbol: SSY
Transactions as of: Aug 14, 2025
Transactions value $: $0
Form type: 4
Date filed: 8/14/2025, 06:05 PM
Previous filing: Oct 23, 2023
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
BAILEYS STEVEN J	Former Director	30691 HUNT CLUB DRIVE, SAN JUAN CAPISTRANO	M. Timothy Elder, pursuant to a power of attorney	2025-08-14	0001247619

Transactions Table

Type	Sym	Class	Transaction	Shares	Change %	Date	Ownership	Footnotes
transaction	SSY	Common Stock	Disposed to Issuer	-551K	-100%	Aug 14, 2025	Direct	F1
transaction	SSY	Common Stock	Disposed to Issuer	-50K	-100%	Aug 14, 2025	As Trustee, Baileys Grandchildren's Trust FBO Jeremy Baileys	F1
transaction	SSY	Common Stock	Disposed to Issuer	-50K	-100%	Aug 14, 2025	As Trustee, Baileys Grandchildren's Trust FBO Alison Brooke Baileys	F1
transaction	SSY	Common Stock	Disposed to Issuer	-180K	-100%	Aug 14, 2025	By IRA	F1
transaction	SSY	Common Stock	Disposed to Issuer	-1.6K	-100%	Aug 14, 2025	By Spouse	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SSY	Director Stock Option	Disposed to Issuer	$0	-5K	-100%	$0.00	Aug 14, 2025	Common Stock	5K	$1.79	Direct	F2
transaction	SSY	Director Stock Option	Disposed to Issuer	$0	-12K	-100%	$0.00	Aug 14, 2025	Common Stock	12K	$1.21	Direct	F2
transaction	SSY	Director Stock Option	Disposed to Issuer	$0	-10K	-100%	$0.00	Aug 14, 2025	Common Stock	10K	$1.38	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Steven J. Baileys is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	At the effective time of the merger (the "Effective Time") between SunLink Health Systems, Inc. ("SunLink") and Regional Health Properties, Inc. ("Regional"), each five shares of Common Stock, no par value per share, of SunLink held by the Reporting Person prior to the Effective Time were converted into the right to receive (i) 1.1330 shares of Common Stock, no par value per share, of Regional, and (ii) one share of Series D 8% Cumulative Convertible Redeemable Participating Preferred Shares, no par value per share, of Regional.
F2	This option was terminated in the merger.

Content

At the effective time of the merger (the "Effective Time") between SunLink Health Systems, Inc. ("SunLink") and Regional Health Properties, Inc. ("Regional"), each five shares of Common Stock, no par value per share, of SunLink held by the Reporting Person prior to the Effective Time were converted into the right to receive (i) 1.1330 shares of Common Stock, no par value per share, of Regional, and (ii) one share of Series D 8% Cumulative Convertible Redeemable Participating Preferred Shares, no par value per share, of Regional.

This option was terminated in the merger.