KIDD BRIAN F 4

What Happened
Brian F. Kidd, Senior Vice President and Chief Financial Officer of National Healthcare Corp (NHC), exercised 1,853 stock options on March 12, 2026. The exercise price was $53.94 per share, totaling $99,951. The filing also shows a corresponding derivative disposition for 1,853 shares at $0, which reflects the conversion/reporting of the options rather than an open‑market sale.

Key Details

• Transaction date: 2026-03-12. Exercise price: $53.94 per share. Acquired shares: 1,853. Reported total = $99,951.
• Derivative disposition line: 1,853 shares @ $0 reported (reflects option conversion/reporting).
• Shares owned after the transaction: not disclosed on the Form 4 provided.
• Footnote: Options were granted under the 2020 Omnibus Equity Incentive Plan on March 8, 2023; grant and exercise are exempt from Section 16(b) under Rule 16b-3(d).
• Filing: Form 4 filed 2026-03-16 (filed within the SEC’s two business‑day deadline for a 2026-03-12 transaction).

Context
This was an exercise of previously granted options, not a purchase on the open market or a sale of shares. The $0 disposition entry is a reporting artifact tied to the derivative conversion and does not indicate proceeds from a sale. Exercises convert compensation-related options into shares and do not necessarily signal buying or selling intent in the market.