USSERY ROBERT MICHAEL (President & COO) exercised options at NATIONAL HEALTHCARE CORP

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

M · 2 exercises

USSERY ROBERT MICHAEL

Filed: 11/13/2025ACC: 0001437749-25-034919

InsiderUSSERY ROBERT MICHAELCIK 1313364

→

IssuerNATIONAL HEALTHCARE CORPCIK 1047335

Officer· President & COO

Since Nov 2018

-5.42K

Net shares

Net seller

$717.2K

Total sold

Open market trades

0B · 0S

Total transactions

9K acquired · 14.43K disposed

Non-Derivative Transactions4

Common Stock

Direct

M · Option Exercise

+4.50K

Price / share

$53.94

Trade value

$242.73K

% of position

2.8%

11/11/2025

157.95K→162.45K

Common Stock

Direct

F · Tax Withholding

−1.71K

Price / share

$132.20

Trade value

$225.40K

% of position

1.0%

11/11/2025

162.45K→160.74K

Common Stock

Direct

M · Option Exercise

+4.50K

Price / share

$94.10

Trade value

$423.45K

% of position

2.8%

11/11/2025

160.74K→165.24K

Common Stock

Direct

F · Tax Withholding

−3.72K

Price / share

$132.20

Trade value

$491.78K

% of position

2.3%

11/11/2025

165.24K→161.52K

Total

Net shares

+3.58K

Net value

-$51K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	11/11/2025	M · Option Exercise	+4.50K	$53.94	$242.73K	2.8%	157.95K	162.45K
Common Stock Direct	11/11/2025	F · Tax Withholding	−1.71K	$132.20	$225.40K	1.0%	162.45K	160.74K
Common Stock Direct	11/11/2025	M · Option Exercise	+4.50K	$94.10	$423.45K	2.8%	160.74K	165.24K
Common Stock Direct	11/11/2025	F · Tax Withholding	−3.72K	$132.20	$491.78K	2.3%	165.24K	161.52K
Total			+3.58K		-$51K

Derivative Transactions2

Option to Purchase Common Stock

Direct

M · Option Exercise

Converts to

Common Stock

9K shares

−4.50K

Strike price

53.94

Held after

4.50K

Exercisable

—

11/11/2025

Option to Purchase Common Stock

Direct

M · Option Exercise

Converts to

Common Stock

13.50K shares

−4.50K

Strike price

94.10

Held after

Exercisable

—

11/11/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Option to Purchase Common Stock Direct	Common Stock9K shares	11/11/2025	M · Option Exercise	−4.50K	53.94	—	4.50K
Option to Purchase Common Stock Direct	Common Stock13.50K shares	11/11/2025	M · Option Exercise	−4.50K	94.10	—	9K

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

15K

Shares owned

15K

Exercise price

90.6200

Expiration

—

Exercise window

—

Total

Underlying

15K

Owned

15K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Option to Purchase Common Stock Direct	Common Stock	90.6200	—	—	15K	15K
Total					15K	15K