SPAID JOHN L (CFO/EVP Finance) exercised options at NATIONAL HEALTH INVESTORS INC

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

M · 6 exercises

SPAID JOHN L

Filed: 9/4/2024ACC: 0001127602-24-023455

InsiderSPAID JOHN LCIK 1667637

→

IssuerNATIONAL HEALTH INVESTORS INCCIK 877860

Officer· CFO/EVP Finance

Since Mar 2026

-49.64K

Net shares

Net seller

$4.04M

Total sold

Open market trades

0B · 0S

Total transactions

62.17K acquired · 111.80K disposed

Non-Derivative Transactions7

Common Stock

Direct

M · Option Exercise

+18.33K

Price / share

$53.41

Trade value

$979.17K

% of position

70.7%

9/3/2024

25.92K→44.25K

Common Stock

Direct

M · Option Exercise

+18.33K

Price / share

$53.41

Trade value

$979.17K

% of position

41.4%

9/3/2024

44.25K→62.59K

Common Stock

Direct

M · Option Exercise

+1.00

Price / share

$53.41

Trade value

$53.41

% of position

0.0%

9/3/2024

62.59K→62.59K

Common Stock

Direct

M · Option Exercise

+8.50K

Price / share

$54.73

Trade value

$465.20K

% of position

13.6%

9/3/2024

62.59K→71.09K

Common Stock

Direct

M · Option Exercise

+8.50K

Price / share

$54.73

Trade value

$465.20K

% of position

12.0%

9/3/2024

71.09K→79.59K

Common Stock

Direct

M · Option Exercise

+8.50K

Price / share

$57.76

Trade value

$490.96K

% of position

10.7%

9/3/2024

79.59K→88.09K

Common Stock

Direct

F · Tax Withholding

−49.64K

Price / share

$81.43

Trade value

$4.04M

% of position

56.4%

9/3/2024

88.09K→38.45K

Total

Net shares

+12.53K

Net value

-$662.19K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	9/3/2024	M · Option Exercise	+18.33K	$53.41	$979.17K	70.7%	25.92K	44.25K
Common Stock Direct	9/3/2024	M · Option Exercise	+18.33K	$53.41	$979.17K	41.4%	44.25K	62.59K
Common Stock Direct	9/3/2024	M · Option Exercise	+1.00	$53.41	$53.41	0.0%	62.59K	62.59K
Common Stock Direct	9/3/2024	M · Option Exercise	+8.50K	$54.73	$465.20K	13.6%	62.59K	71.09K
Common Stock Direct	9/3/2024	M · Option Exercise	+8.50K	$54.73	$465.20K	12.0%	71.09K	79.59K
Common Stock Direct	9/3/2024	M · Option Exercise	+8.50K	$57.76	$490.96K	10.7%	79.59K	88.09K
Common Stock Direct	9/3/2024	F · Tax Withholding	−49.64K	$81.43	$4.04M	56.4%	88.09K	38.45K
Total			+12.53K		-$662.19K

Derivative Transactions6

Stock Option (Right to buy) 2022

Direct

M · Option Exercise

Converts to

Common Stock

18.33K shares

−18.33K

Strike price

53.41

Held after

0.00

Exercisable

—

9/3/2024

Stock Option (Right to buy) 2022

Direct

M · Option Exercise

Converts to

Common Stock

18.33K shares

−18.33K

Strike price

53.41

Held after

0.00

Exercisable

—

9/3/2024

Stock Option (Right to buy) 2022

Direct

M · Option Exercise

Converts to

Common Stock

1.00 shares

−1.00

Strike price

53.41

Held after

0.00

Exercisable

—

9/3/2024

Stock Option (Right to Buy) 2023

Direct

M · Option Exercise

Converts to

Common Stock

8.50K shares

−8.50K

Strike price

54.73

Held after

0.00

Exercisable

—

9/3/2024

Stock Option (Right to Buy) 2023

Direct

M · Option Exercise

Converts to

Common Stock

8.50K shares

−8.50K

Strike price

54.73

Held after

0.00

Exercisable

—

9/3/2024

Stock Option (Right to Buy) 2024

Direct

M · Option Exercise

Converts to

Common Stock

8.50K shares

−8.50K

Strike price

57.76

Held after

0.00

Exercisable

—

9/3/2024

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable
Stock Option (Right to buy) 2022 Direct	Common Stock18.33K shares	9/3/2024	M · Option Exercise	−18.33K	53.41	—
Stock Option (Right to buy) 2022 Direct	Common Stock18.33K shares	9/3/2024	M · Option Exercise	−18.33K	53.41	—
Stock Option (Right to buy) 2022 Direct	Common Stock1.00 shares	9/3/2024	M · Option Exercise	−1.00	53.41	—
Stock Option (Right to Buy) 2023 Direct	Common Stock8.50K shares	9/3/2024	M · Option Exercise	−8.50K	54.73	—
Stock Option (Right to Buy) 2023 Direct	Common Stock8.50K shares	9/3/2024	M · Option Exercise	−8.50K	54.73	—
Stock Option (Right to Buy) 2024 Direct	Common Stock8.50K shares	9/3/2024	M · Option Exercise	−8.50K	57.76	—

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)6

Stock Option (Right to Buy) 2023

Direct

Underlying security

Common Stock

Underlying shares

8.50K

Shares owned

8.50K

Exercise price

54.73

Expiration

—

Exercise window

—

Stock Options (Right to Buy) 2-21-2020

Direct

Underlying security

Common Stock

Underlying shares

18.33K

Shares owned

18.33K

Exercise price

90.79

Expiration

—

Exercise window

—

Stock Option (Right to Buy) 2024

Direct

Underlying security

Common Stock

Underlying shares

8.50K

Shares owned

8.50K

Exercise price

57.76

Expiration

—

Exercise window

—

Stock Options (Right to Buy) 2-21-2020

Direct

Underlying security

Common Stock

Underlying shares

18.33K

Shares owned

18.33K

Exercise price

90.79

Expiration

—

Exercise window

—

Stock Option (Right to Buy) 2024

Direct

Underlying security

Common Stock

Underlying shares

8.50K

Shares owned

8.50K

Exercise price

57.76

Expiration

—

Exercise window

—

Stock Options (Right to Buy) 2-21-2020

Direct

Underlying security

Common Stock

Underlying shares

18.33K

Shares owned

18.33K

Exercise price

90.79

Expiration

—

Exercise window

—

Total

Underlying

80.50K

Owned

80.50K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Option (Right to Buy) 2023 Direct	Common Stock	54.73	—	—	8.50K	8.50K
Stock Options (Right to Buy) 2-21-2020 Direct	Common Stock	90.79	—	—	18.33K	18.33K
Stock Option (Right to Buy) 2024 Direct	Common Stock	57.76	—	—	8.50K	8.50K
Stock Options (Right to Buy) 2-21-2020 Direct	Common Stock	90.79	—	—	18.33K	18.33K
Stock Option (Right to Buy) 2024 Direct	Common Stock	57.76	—	—	8.50K	8.50K
Stock Options (Right to Buy) 2-21-2020 Direct	Common Stock	90.79	—	—	18.33K	18.33K
Total					80.50K	80.50K