Form 4: National Healthcare Corp CEO Stephen Flatt Sells Shares
SEC Form 4 Filing
CEO Stephen Flatt of National Healthcare Corp (NHC) sold 3,907 shares of common stock on August 14, 2024.
Summary
- Stephen Flatt, CEO of National Healthcare Corp (NHC), sold 3,907 shares of common stock on August 14, 2024.
- The sale price was $126.5375 per share.
- Following the transaction, Flatt directly owns 57,042 shares of NHC common stock.
- Flatt also holds options to purchase common stock, including 4,734 shares exercisable at $63.96 expiring on February 18, 2027, 10,000 shares exercisable at $53.94 expiring on March 8, 2028, and 15,000 shares exercisable at $94.1 expiring on March 5, 2029.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a transaction by an insider. It doesn't inherently convey positive or negative sentiment, but rather reports a factual event.
Industry Context
Executive stock sales are a common occurrence and can be for various personal financial reasons. It's important to consider the overall context of insider transactions and company performance when evaluating the significance of this sale.
Stakeholder Impact
- The sale of shares by the CEO could be perceived negatively by some shareholders, potentially leading to short-term price fluctuations.
Key Dates
| Date | Description |
|---|---|
| 02/18/2023 | Date of exercisable options to purchase common stock at $63.96, expiring 02/18/2027 |
| 03/08/2024 | Date of exercisable options to purchase common stock at $53.94, expiring 03/08/2028 |
| 08/14/2024 | Date of transaction: Stephen Flatt sold 3,907 shares of common stock at $126.5375 per share |
| 08/16/2024 | Date of signature on the Form 4 filing |
| 03/05/2025 | Date of exercisable options to purchase common stock at $94.1, expiring 03/05/2029 |
| 02/18/2027 | Expiration date of options to purchase common stock at $63.96 |
| 03/08/2028 | Expiration date of options to purchase common stock at $53.94 |
| 03/05/2029 | Expiration date of options to purchase common stock at $94.1 |
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