Form 4: CEO Stephen Flatt Gifts NHC Shares

Sentiment:

Insider Transaction Report 15 December 2025 4:20 PM

📋All filings for National Healthcare CORP

National Healthcare Corp CEO Stephen Flatt reported gifting shares of common stock on December 12, 2025, reducing his direct beneficial ownership.

Summary

Stephen Fowler Flatt, CEO and Director of National Healthcare Corp (NHC), reported changes in his beneficial ownership of company securities.
On December 12, 2025, Flatt disposed of 217 shares of NHC Common Stock through a gift (Transaction Code G) at a price of $0 per share.
On the same date, he also disposed of an additional 145 shares of NHC Common Stock through a gift (Transaction Code G) at a price of $0 per share.
Following these transactions, Flatt directly beneficially owns 60,621 shares of NHC Common Stock.
Flatt also holds derivative securities, including options to purchase Common Stock: 6,147 shares at an exercise price of $53.94 (exercisable 03/08/2024, expiring 03/08/2028), 10,000 shares at $94.10 (exercisable 03/05/2025, expiring 03/05/2029), and 18,000 shares at $90.62 (exercisable 02/28/2026, expiring 02/28/2030).

Sentiment

Score: 5

Explanation: The filing reports a gift of shares by the CEO, which is a personal transaction and does not directly reflect on the company's operational or financial performance. It slightly reduces insider ownership.

Positives

The CEO retains significant direct beneficial ownership of 60,621 shares of Common Stock, indicating continued alignment with shareholder interests.
Substantial derivative holdings (34,147 options) further demonstrate the CEO's vested interest in the company's long-term performance.

Negatives

A slight reduction in the direct beneficial ownership of Common Stock by a key executive, though the amount is minor relative to total holdings.

Future Outlook

Industry Context

Stakeholder Impact

Shareholders observe a minor reduction in the direct beneficial ownership of Common Stock by the CEO.

Key Dates

Date	Description
03/08/2024	Date exercisable for 6,147 options to purchase Common Stock.
03/05/2025	Date exercisable for 10,000 options to purchase Common Stock.
02/28/2026	Date exercisable for 18,000 options to purchase Common Stock.
12/12/2025	Transaction date for the gift of 217 and 145 shares of Common Stock.
12/15/2025	Signature date of the reporting person for the Form 4 filing.
03/08/2028	Expiration date for 6,147 options to purchase Common Stock.
03/05/2029	Expiration date for 10,000 options to purchase Common Stock.
02/28/2030	Expiration date for 18,000 options to purchase Common Stock.

Recommendation

hold

The filing details a routine insider transaction (gift of shares) by the CEO. It does not provide information on the company's financial performance, strategic direction, or other factors that would warrant a change in investment recommendation. The reduction in direct beneficial ownership is minor.

Keywords

NHC, National Healthcare Corp, Stephen Flatt, Form 4, insider transaction, stock ownership, CEO, director, common stock, gift

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.