MILLER MARC D (President) exercised options at UNIVERSAL HEALTH SERVICES INC

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

M · 2 exercises

MILLER MARC D

Filed: 10/30/2025ACC: 0000352915-25-000005

InsiderMILLER MARC DCIK 1315495

→

IssuerUNIVERSAL HEALTH SERVICES INCCIK 352915

DirectorOfficer· President

Since Aug 2018

-131.76K

Net shares

Net seller

$29.69M

Total sold

Open market trades

0B · 0S

Total transactions

165K acquired · 296.76K disposed

Non-Derivative Transactions3

Class B Common Stock

Direct

M · Option Exercise

+75K

Price / share

$138.80

Trade value

$10.41M

% of position

27.0%

10/29/2025

278.05K→353.05K

Class B Common Stock

Direct

M · Option Exercise

+90K

Price / share

$152.68

Trade value

$13.74M

% of position

25.5%

10/29/2025

353.05K→443.05K

Class B Common Stock

Direct

F · Tax Withholding

−131.76K

Price / share

$225.30

Trade value

$29.69M

% of position

29.7%

10/29/2025

443.05K→311.30K

Total

Net shares

+33.24K

Net value

-$5.53M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class B Common Stock Direct	10/29/2025	M · Option Exercise	+75K	$138.80	$10.41M	27.0%	278.05K	353.05K
Class B Common Stock Direct	10/29/2025	M · Option Exercise	+90K	$152.68	$13.74M	25.5%	353.05K	443.05K
Class B Common Stock Direct	10/29/2025	F · Tax Withholding	−131.76K	$225.30	$29.69M	29.7%	443.05K	311.30K
Total			+33.24K		-$5.53M

Derivative Transactions2

Option To Purchase Class B Common Stock

Direct

M · Option Exercise

Converts to

Class B Common Stock

75K shares

−75K

Strike price

138.80

Held after

50K

Exercisable

—

10/29/2025

Option To Purchase Class B Common Stock

Direct

M · Option Exercise

Converts to

Class B Common Stock

90K shares

−90K

Strike price

152.68

Held after

50.42K

Exercisable

—

10/29/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Option To Purchase Class B Common Stock Direct	Class B Common Stock75K shares	10/29/2025	M · Option Exercise	−75K	138.80	—	50K
Option To Purchase Class B Common Stock Direct	Class B Common Stock90K shares	10/29/2025	M · Option Exercise	−90K	152.68	—	50.42K

Non-Derivative Holdings (Post-Transaction)6

Class B Common Stock

Indirect

Shares owned55.76K

Class B Common Stock

Indirect

Shares owned49.29K

Class B Common Stock

Indirect

Shares owned36.99K

Class B Common Stock

Indirect

Shares owned69.73K

Class B Common Stock

Indirect

Shares owned59.90K

Class B Common Stock

Indirect

Shares owned55.76K

Total

327.43K indirect327.43K

Security Title	Shares Owned	Ownership Type
Class B Common Stock	55.76K	Indirect
Class B Common Stock	49.29K	Indirect
Class B Common Stock	36.99K	Indirect
Class B Common Stock	69.73K	Indirect
Class B Common Stock	59.90K	Indirect
Class B Common Stock	55.76K	Indirect
Total	327.43K	327.43K indirect

Derivative Holdings (Post-Transaction)0

No derivative holdings reported