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: 5/18/2026ACC: 0001437749-26-017633

InsiderFLATT STEPHEN FOWLERCIK 1330766

→

IssuerNATIONAL HEALTHCARE CORPCIK 1047335

DirectorOfficer· CEO

Since Mar 2026

-4.49K

Net shares

Net seller

$889.2K

Total sold

Open market trades

0B · 0S

Total transactions

6K acquired · 10.49K disposed

Non-Derivative Transactions3

Common Stock

Direct

M · Option Exercise

+5K

Price / share

$94.10

Trade value

$470.50K

% of position

7.6%

5/14/2026

65.50K→70.50K

Common Stock

Direct

M · Option Exercise

+1K

Price / share

$90.62

Trade value

$90.62K

% of position

1.4%

5/14/2026

70.50K→71.50K

Common Stock

Direct

F · Tax Withholding

−4.49K

Price / share

$197.96

Trade value

$889.24K

% of position

6.3%

5/14/2026

71.50K→67.01K

Total

Net shares

+1.51K

Net value

-$328.12K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	5/14/2026	M · Option Exercise	+5K	$94.10	$470.50K	7.6%	65.50K	70.50K
Common Stock Direct	5/14/2026	M · Option Exercise	+1K	$90.62	$90.62K	1.4%	70.50K	71.50K
Common Stock Direct	5/14/2026	F · Tax Withholding	−4.49K	$197.96	$889.24K	6.3%	71.50K	67.01K
Total			+1.51K		-$328.12K

Derivative Transactions2

Option to Purchase Common Stock

Direct

M · Option Exercise

Converts to

Common Stock

10K shares

−5K

Strike price

94.10

Held after

Exercisable

—

5/14/2026

Option to Purchase Common Stock

Direct

M · Option Exercise

Converts to

Common Stock

13K shares

−1K

Strike price

90.62

Held after

12K

Exercisable

—

5/14/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Option to Purchase Common Stock Direct	Common Stock10K shares	5/14/2026	M · Option Exercise	−5K	94.10	—	5K
Option to Purchase Common Stock Direct	Common Stock13K shares	5/14/2026	M · Option Exercise	−1K	90.62	—	12K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)2

Option to Purchase Common Stock

Direct

Underlying security

Common Stock

Underlying shares

20K

Shares owned

20K

Exercise price

157.1300

Expiration

—

Exercise window

—

Option to Purchase Common Stock

Direct

Underlying security

Common Stock

Underlying shares

4.29K

Shares owned

4.29K

Exercise price

53.9400

Expiration

—

Exercise window

—

Total

Underlying

24.29K

Owned

24.29K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Option to Purchase Common Stock Direct	Common Stock	157.1300	—	—	20K	20K
Option to Purchase Common Stock Direct	Common Stock	53.9400	—	—	4.29K	4.29K
Total					24.29K	24.29K