Astrana Health (ASTH) Director David Schmidt Exercises Options, Sells Shares

What Happened

• David Schmidt, a director of Astrana Health (ASTH), exercised stock options and disposed of shares on August 14, 2026. He exercised 20,000 options at $5.00 per share (cost $100,000) and those 20,000 shares were disposed to the issuer at $38.59 each for total proceeds of $771,800 (net proceeds ≈ $671,800 before fees/taxes). The Form 4 also reports a separate 20,000-share derivative conversion/exercise showing $0.00 consideration and a $0 disposition amount. Footnote in the filing states these shares were repurchased by the issuer.

Key Details

• Transaction date: August 14, 2026
• Reported filings: Form 4 filed August 18, 2026 (filed 4 days after the transaction date — appears to be a late filing)
• Transactions and values:
  • M (option exercise): 20,000 shares @ $5.00 — cost $100,000
  • D (disposition to issuer): 20,000 shares @ $38.59 — proceeds $771,800
  • M (exercise/conversion) reported for 20,000 shares @ $0.00 — $0 reported
• Footnotes of note:
  • F1: The shares were repurchased by the issuer (explains the disposition to the issuer).
  • F2: The filing notes 4,525 shares of restricted stock included in holdings will vest on the earlier of June 10, 2027 or the 2027 annual meeting.
  • F3: The options exercised were fully vested and exercisable.
• Shares owned after the reported transactions are not specified in the provided filing excerpt.

Context

• This was effectively an option exercise followed by an immediate disposition back to the issuer (a repurchase), which is often executed as a cashless or sell-to-cover style transaction — the filing shows the exercise cost and the sale proceeds separately. The extra line showing a $0.00 exercise/disposition likely reflects a conversion/derivative handling noted in the filing; the footnote confirms repurchase by the issuer.
• Filing timeliness: The Form 4 was filed after the typical two-business-day window for reporting insider trades, so the filing is marked late; the filing does not explain the delay.