TRAIL SANDRA Y. exercised options at NATIONAL HEALTHCARE CORP

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

M · 1 exercise

TRAIL SANDRA Y.

Filed: 5/8/2026ACC: 0001437749-26-015905

InsiderTRAIL SANDRA Y.CIK 1910870

→

IssuerNATIONAL HEALTHCARE CORPCIK 1047335

Director

Since Feb 2022

0.00

Net shares

Net seller

$175.1K

Total acquired

Open market trades

0B · 0S

Total transactions

3.14K acquired · 3.14K disposed

Non-Derivative Transactions1

Shares of Common Stock

Direct

M · Option Exercise

+3.14K

Price / share

$55.75

Trade value

$175.06K

% of position

41.9%

5/6/2026

7.50K→10.64K

Total

Net shares

+3.14K

Net value

$175.06K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Shares of Common Stock Direct	5/6/2026	M · Option Exercise	+3.14K	$55.75	$175.06K	41.9%	7.50K	10.64K
Total			+3.14K		$175.06K

Derivative Transactions1

Option to Purchase Common Stock [2023 Grant]

Direct

M · Option Exercise

Converts to

Common Stock

7.50K shares

−3.14K

Strike price

55.75

Held after

4.36K

Exercisable

—

5/6/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Option to Purchase Common Stock [2023 Grant] Direct	Common Stock7.50K shares	5/6/2026	M · Option Exercise	−3.14K	55.75	—	4.36K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)3

Option to Purchase Common Stock [2026 Grant]

Direct

Underlying security

Common Stock

Underlying shares

7.50K

Shares owned

7.50K

Exercise price

171.4200

Expiration

—

Exercise window

—

Option to Purchase Common Stock [2025 Grant]

Direct

Underlying security

Common Stock

Underlying shares

7.50K

Shares owned

7.50K

Exercise price

94.6600

Expiration

—

Exercise window

—

Option to Purchase Common Stock [2024 Grant]

Direct

Underlying security

Common Stock

Underlying shares

7.50K

Shares owned

7.50K

Exercise price

96.0300

Expiration

—

Exercise window

—

Total

Underlying

22.50K

Owned

22.50K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Option to Purchase Common Stock [2026 Grant] Direct	Common Stock	171.4200	—	—	7.50K	7.50K
Option to Purchase Common Stock [2025 Grant] Direct	Common Stock	94.6600	—	—	7.50K	7.50K
Option to Purchase Common Stock [2024 Grant] Direct	Common Stock	96.0300	—	—	7.50K	7.50K
Total					22.50K	22.50K