4Filed Aug 24, 8:00 PM ET
Community Health Systems (CYH) Director Jennings Norris Sells 40,000 Shares
$CYH · COMMUNITY HEALTH SYSTEMS INCResearch Summary
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Community Health Systems (CYH) Director Jennings Norris Sells 40,000 Shares
What Happened
Jennings William Norris, a director of Community Health Systems, reported an open-market sale of 40,000 shares of CYH common stock on 2026-08-25. The shares were disposed for aggregate proceeds of approximately $118,400 (weighted average price $2.959 per share). This transaction is reported as a sale (code S).
Key Details
- Transaction date: 2026-08-25 (filed same day; timely filing).
- Price: Weighted average $2.959 per share; trades occurred in the range $2.945–$2.975. The reporting person can provide a breakdown of shares sold at each price on request (Footnote F1).
- Shares sold: 40,000; gross proceeds ≈ $118,400.
- Shares owned after transaction: Not disclosed in this filing.
- Footnote F2: The filing discloses restricted stock units that vest in 1/3 increments on the first, second and third anniversaries of grant and will be settled one-for-one in shares upon cessation as a director or on specified dates; this explains the treatment of certain awarded units but does not by itself state the source of the sold shares.
- No indication of a 10b5-1 plan, gift, exercise, or tax-withholding in this report.
Context: This report documents a sale of existing shares by a company director. Sales are common and do not necessarily indicate the insider’s view of the company’s prospects; the filing provides factual details but does not state the seller’s motivation.