Tenet Healthcare (THC) COO Lisa Y. Foo Sells 24,000 Shares

What Happened

• Lisa Y. Foo, Chief Operating Officer of Tenet Healthcare Corporation (THC), reported the sale of 24,000 shares on 2026-08-31. The weighted average sale price was $266.32 per share, for an aggregate value of $6,391,680. The Form 4 lists the transaction type as an open market or private sale (code S), i.e., a disposal of shares. Sales are often routine and do not necessarily indicate a change in insider sentiment.

Key Details

• Transaction date: 2026-08-31; Filing date (Form 4): 2026-09-01 (appears timely; Form 4 is typically due within two business days).
• Price: weighted average $266.32; per-footnote range $266.02–$266.95 across multiple trades.
• Shares sold: 24,000; total proceeds ≈ $6,391,680.
• Shares owned after transaction: Not specified in the filing.
• Footnote F1: The reported price is a weighted average of multiple sales. The reporting person offers to provide the number of shares sold at each separate price upon request to the company, a shareholder, or the SEC staff.
• Transaction code: S = Sale.

Context

• This was a straight sale of existing shares (not an option exercise, award, or gift). For retail investors, purchases by insiders are often viewed as a stronger signal than sales; sales can be routine (e.g., diversification, tax planning) and should be interpreted cautiously. If you need the per-trade breakdown or ownership after the sale, the reporting person has committed to provide those details on request.