Sec Form 4 Filing - Jacobsmeyer Barbara Ann @ Enhabit, Inc. - 2022-07-01

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Jacobsmeyer Barbara Ann 2. Issuer Name and Ticker or Trading Symbol Enhabit, Inc. [ EHAB] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) President and CEO (Last) (First) (Middle) 6688 N. CENTRAL EXPRESSWAY, SUITE 1300 3. Date of Earliest Transaction (MM/DD/YY) 07/01/2022 (Street) DALLAS, TX75206 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 07/01/2022 J( 1 ) 28,691 A $ 0 28,691 D Common Stock 07/01/2022 A 131,927 A $ 0 160,618 D Common Stock 07/01/2022 A 47,824 A $ 0 208,442 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Employee Stock Option (Right to Buy) $ 17.13( 2 ) 07/01/2022 J( 2 ) 3,896 07/01/2022 02/24/2027 Common Stock 3,896 $ 0 3,896 D Employee Stock Option (Right to Buy) $ 21.83( 2 ) 07/01/2022 J( 2 ) 6,075 07/01/2022 03/01/2028 Common Stock 6,075 $ 0 6,075 D Employee Stock Option (Right to Buy) $ 25.88( 2 ) 07/01/2022 J( 2 ) 7,118 07/01/2022 03/01/2029 Common Stock 7,118 $ 0 7,118 D Employee Stock Option (Right to Buy) $ 31.06( 2 ) 07/01/2022 J( 2 ) 8,613 ( 3 ) 03/02/2030 Common Stock 8,613 $ 0 8,613 D Employee Stock Option (Right to Buy) $ 32.62( 2 ) 07/01/2022 J( 2 ) 8,310 ( 4 ) 03/02/2031 Common Stock 8,310 $ 0 8,310 D Employee Stock Option (Right to Buy) $ 26.94( 2 ) 07/01/2022 J( 2 ) 11,067 ( 5 ) 03/01/2032 Common Stock 11,067 $ 0 11,067 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Jacobsmeyer Barbara Ann 6688 N. CENTRAL EXPRESSWAY SUITE 1300 DALLAS, TX75206 X President and CEO Signatures /s/ Chad K. Knight, Attorney in Fact 07/06/2022 Signature of Reporting Person Date

Explanation of Responses:

( 1 )In connection with the spin-off of Enhabit, Inc. ("Enhabit") by Encompass Health Corporation ("Encompass") on June 30, 2022, Encompass distributed all of the issued and outstanding shares of Enhabit common stock to Encompass stockholders (the "Distribution"). Encompass stockholders received one share of Enhabit common stock for every two shares of Encompass common stock held as of the close of business on June 24, 2022. The number of shares of Enhabit common stock reported as acquired on this Form 4 reflects the number of shares of Enhabit common stock, including shares of restricted stock, acquired by the reporting person pursuant to the Distribution. ( 2 )In connection with the spin-off of Enhabit by Encompass and pursuant to the Employee Matters Agreement between Enhabit and Encompass, on June 30, 2022, each outstanding option to purchase Encompass common stock was converted into a stock option to purchase Encompass common stock and a stock option to purchase Enhabit common stock, in each case with respect to the same number of shares as the original Encompass stock option. ( 3 )The converted Enhabit stock option has the same vesting schedule as the original Encompass stock option, which vested as to one-third of the shares on March 2, 2021, the first anniversary of the date of grant, and vests as to one-third of the shares annually thereafter. ( 4 )The converted Enhabit stock option has the same vesting schedule as the original Encompass stock option, which vested as to one-third of the shares on March 2, 2022, the first anniversary of the date of grant, and vests as to one-third of the shares annually thereafter. ( 5 )The converted Enhabit stock option has the same vesting schedule as the original Encompass stock option, which will vest as to one-third of the shares on March 1, 2023, the first anniversary of the date of grant, and vests as to one-third of the shares annually thereafter.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

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