McCreary Josh A 4

What Happened
Josh A. McCreary, Senior Vice President & General Counsel of National Healthcare Corp (NHC), exercised 4,500 stock options on 2026-03-04. The exercise reflected an aggregate exercise price of $407,790 (4,500 shares × $90.62). To cover the exercise price and withholding taxes, the company withheld 3,202 shares (valued at $172.83 each, total ~$553,402). Net result: McCreary received 1,298 shares (4,500 − 3,202). The option awards were converted/terminated as part of the exercise.

Key Details

• Transaction date: March 4, 2026; Form filed March 6, 2026 (appears timely).
• Exercise: 4,500 options exercised at $90.62 per share → $407,790 total (code M).
• Withholding/tax payment: 3,202 shares withheld at $172.83 per share → ~$553,402 (code F).
• Net shares received: 1,298 shares retained by McCreary.
• Footnotes: Options granted under the 2020 Omnibus Equity Incentive Plan (grant date Feb 24, 2025); grant and exercise exempt from Section 16(b) per Rule 16b‑3(d) (F1). Shares were withheld to cover exercise price and withholding tax obligations (F2).
• Shares owned after transaction: not provided in the excerpt (see footnote F3 in filing).

Context

• This was an option exercise with a cashless/stock‑withholding settlement: options converted to shares, and the company withheld a portion to pay exercise costs and taxes. The derivative (option) positions were therefore terminated as part of the exercise.
• Such exercises are routine for executives exercising vested awards; the net increase in beneficial holdings here is 1,298 shares.