FLATT STEPHEN FOWLER (CEO) exercised options at NATIONAL HEALTHCARE CORP

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 2 exercises

FLATT STEPHEN FOWLER

Filed: 8/26/2025ACC: 0001437749-25-027766

InsiderFLATT STEPHEN FOWLERCIK 1330766

→

IssuerNATIONAL HEALTHCARE CORPCIK 1047335

DirectorOfficer· CEO

Since Mar 2026

-3.15K

Net shares

Net seller

$361.2K

Total sold

Open market trades

0B · 0S

Total transactions

4K acquired · 7.15K disposed

Non-Derivative Transactions4

Common Stock

Direct

M · Option Exercise

+2K

Price / share

$53.94

Trade value

$107.88K

% of position

3.4%

8/22/2025

58.76K→60.76K

Common Stock

Direct

F · Tax Withholding

−1.36K

Price / share

$114.82

Trade value

$156.50K

% of position

2.2%

8/22/2025

60.76K→59.39K

Common Stock

Direct

M · Option Exercise

+2K

Price / share

$94.10

Trade value

$188.20K

% of position

3.4%

8/22/2025

59.39K→61.39K

Common Stock

Direct

F · Tax Withholding

−1.78K

Price / share

$114.82

Trade value

$204.72K

% of position

2.9%

8/22/2025

61.39K→59.61K

Total

Net shares

+854.00

Net value

-$65.14K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	8/22/2025	M · Option Exercise	+2K	$53.94	$107.88K	3.4%	58.76K	60.76K
Common Stock Direct	8/22/2025	F · Tax Withholding	−1.36K	$114.82	$156.50K	2.2%	60.76K	59.39K
Common Stock Direct	8/22/2025	M · Option Exercise	+2K	$94.10	$188.20K	3.4%	59.39K	61.39K
Common Stock Direct	8/22/2025	F · Tax Withholding	−1.78K	$114.82	$204.72K	2.9%	61.39K	59.61K
Total			+854.00		-$65.14K

Derivative Transactions2

Option to Purchase Common Stock

Direct

M · Option Exercise

Converts to

Common Stock

10K shares

−2K

Strike price

53.94

Held after

Exercisable

—

8/22/2025

Option to Purchase Common Stock

Direct

M · Option Exercise

Converts to

Common Stock

15K shares

−2K

Strike price

94.10

Held after

13K

Exercisable

—

8/22/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Option to Purchase Common Stock Direct	Common Stock10K shares	8/22/2025	M · Option Exercise	−2K	53.94	—	8K
Option to Purchase Common Stock Direct	Common Stock15K shares	8/22/2025	M · Option Exercise	−2K	94.10	—	13K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)1

Option to Purchase Common Stock

Direct

Underlying security

Common Stock

Underlying shares

18K

Shares owned

18K

Exercise price

90.6200

Expiration

—

Exercise window

—

Total

Underlying

18K

Owned

18K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Option to Purchase Common Stock Direct	Common Stock	90.6200	—	—	18K	18K
Total					18K	18K