Dodson Vicki L 4

What Happened

• Vicki L. Dodson, Senior VP Patient Services at National Healthcare Corp (NHC), exercised 4,000 stock options on April 22, 2026, at an exercise price of $94.10 per share (total exercise cost $376,400).
• The company withheld 2,853 of the acquired shares at a market value of $173.63 per share (total $495,366) to cover the exercise price and tax withholding. Net shares retained by Dodson after withholding: 1,147 shares (approx. $199,154 at $173.63/share).
• This was an option exercise (conversion of a derivative), not an open-market purchase or sale.

Key Details

• Transaction date: April 22, 2026. Exercise price: $94.10; market price used for withholding: $173.63.
• Acquired: 4,000 shares via option exercise (total exercise cost $376,400). Withheld/disposed: 2,853 shares (value $495,366) to satisfy exercise price and withholding tax. Derivative (options) converted/disposed: 4,000.
• Net shares retained: 1,147. Shares beneficially owned after the transaction are referenced by footnote F3 in the filing (not shown in the excerpt).
• Footnotes: F1 — options were granted under the 2020 Omnibus Equity Incentive Plan (Mar 5, 2024) and are subject to Rule 16b-3(d) exemption; F2 — shares were withheld to pay exercise price and taxes; F3 — indicates total shares owned after transactions.
• Filing: Form 4 filed Apr 24, 2026 for transactions on Apr 22, 2026 (filed within the normal two-business-day window).

Context

• This was a cashless-style option exercise where newly issued shares were used (surrendered/withheld) to cover the exercise price and tax obligations — a common administrative transaction for option holders.
• The filing shows exercise/conversion of derivative securities (options) into common stock; the withholding of shares to cover costs should not be read as a market sale motivated by sentiment.