Orr Patrick J 4

What Happened

• Patrick J. Orr, EVP & Chief Revenue Officer of Healthcare Services Group (HCSG), exercised multiple option grants and sold the resulting shares on Feb 18, 2026. He acquired 45,500 shares by exercising four option tranches (total exercise cost ≈ $665,346) and sold 45,500 shares in an open-market transaction for $934,570. The filing also records corresponding derivative dispositions at $0, reflecting conversion of the options into shares.

Key Details

• Transaction date: 2026-02-18; filing date: 2026-02-19 (appears timely).
• Option exercises (acquisitions):
  • 21,075 shares @ $18.10 = $381,458
  • 7,016 shares @ $13.72 = $96,260
  • 12,216 shares @ $10.36 = $126,558
  • 5,193 shares @ $11.76 = $61,070
  • Total exercise cost ≈ $665,346
• Open-market sale: 45,500 shares @ $20.54 = $934,570.
• Net cash difference (sale proceeds minus exercise cost) ≈ $269,224 (before taxes/fees).
• Shares owned after transaction: not specified in the filing.
• Footnotes (vesting): Options vest 20% annually (F1–F4) starting on grant anniversaries (Jan 4, 2022; Feb 24, 2023; Jan 3, 2024; Jan 3, 2025).
• No 10b5-1 plan or tax-withholding specifics disclosed in the Form 4.

Context

• The filing uses code "M" (option exercise). The matching sale of 45,500 shares the same day — plus $0 disposals of the derivative positions — is consistent with immediate sale of exercised shares (a cashless or immediate disposition pattern). This type of transaction documents conversion of options to shares and an immediate open-market sale; it is factual reporting of trades, not an indication of the insider’s motives.