BRESSLER BENJAMIN 4

What Happened
Benjamin Bressler (listed as Founder & CEO of NHA) exercised stock options and immediately sold all shares acquired. On 2026-02-04 he exercised 181,389 shares (reported acquisition $0) and sold the same 181,389 shares for aggregate proceeds of $3,273,128 (weighted avg price reported $18.04). On 2026-02-05 he exercised 41,000 shares (reported acquisition $0) and sold those 41,000 shares for $741,202 (weighted avg price reported $18.08). Total reported proceeds ≈ $4.01 million for 222,389 shares.

Key Details

• Transaction dates: 2026-02-04 (181,389 shares) and 2026-02-05 (41,000 shares).
• Reported sale proceeds: $3,273,128 (2/4) + $741,202 (2/5) = $4,014,330 total.
• Prices: weighted averages $18.04 (2/4) and $18.08 (2/5). Footnotes note actual sale prices ranged $18.00–$18.09 (2/4) and $18.00–$18.18 (2/5); the filer offers to provide the per-trade breakdown upon request.
• The Form shows the acquisitions at $0 and marks the derivative transactions as option exercises; footnote F3 says the options were granted under the 2021 Long Term Incentive Plan per his employment agreement.
• Shares owned after the transactions: not specified in the provided Form 4 disclosure.

Context

• This pattern—exercising options and immediately selling the resulting shares—is commonly a cashless exercise plus sale (the filing reports exercise (M) followed by sale (S)). It is a sale of stock rather than a purchase, which is generally less informative about insider sentiment than purchases.
• The filing was made on 2026-02-05 covering transactions on 2026-02-04 and 02-05; no late-filing indication appears in the provided details.