NATIONAL HEALTHCARE CORP·4/A

Apr 14, 4:33 PM ET

FLATT BEN ANDERSON SR 4/A

Research Summary

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NHC SVP & CIO Ben Flatt Withholds 2,109 Shares for Taxes

What Happened

Ben Flatt (Senior Vice President & Chief Investment Officer) had 2,109 shares withheld to satisfy the exercise price and withholding tax obligations related to an option exercise. The shares were withheld at an effective price of $176.81 per share, totaling about $372,892. This filing (Form 4) is an amendment correcting the number of shares withheld that was reported incorrectly on an earlier Form 4.

Key Details

  • Transaction date: April 9, 2026.
  • Reported (amended) filing date: April 14, 2026 (initial Form 4 was filed April 13, 2026 and contained an incorrect withheld-share count).
  • Shares withheld/disposed: 2,109 shares at $176.81 per share; reported value ≈ $372,892.
  • Transaction code: F — shares withheld to cover exercise price and/or tax withholding (not an open-market sale).
  • Shares owned after the transaction: reported on the Form 4 per footnote F2 (amount not provided here).
  • Footnote F1 explains this is an amended filing to correct the previously reported number of withheld shares.

Context

This was a tax-withholding/cashless-like step tied to an option exercise (shares withheld to cover cost and taxes), not a public sale that signals immediate divestment on the open market. The initial Form 4 was filed promptly on April 13; this amended filing on April 14 corrects the withheld-share count disclosed.