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Community Health Systems (NYSE: CYH) director may sell 40,000 shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Community Health Systems, Inc. (CYH) director William Norris Jennings has filed a Rule 144 notice for the potential sale of up to 40,000 shares of CYH common stock through UBS Financial Services Inc. The shares relate to restricted stock units that vested between 2019 and 2022.

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Shares covered by Rule 144 notice 40,000 shares Common stock of Community Health Systems, Inc. to be sold through UBS Financial Services Inc.
RSU vesting on 03/01/2019 4,915 shares Common stock underlying restricted stock units that vested on 03/01/2019
RSU vesting on 03/01/2021 (first grant) 11,356 shares Common stock underlying restricted stock units that vested on 03/01/2021
RSU vesting on 03/01/2021 (second grant) 12,373 shares Additional common stock underlying restricted stock units that vested on 03/01/2021
RSU vesting on 03/01/2022 11,356 shares Common stock underlying restricted stock units that vested on 03/01/2022
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
restricted stock units financial
"RSU Vest | Issuer | | | 4915 | 03/01/2019"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
attorney-in-fact regulatory
"as attorney-in-fact for William Norris Jennings"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

Who is selling Community Health Systems (CYH) shares in this Form 144?
The notice covers potential sales for the account of William Norris Jennings, identified as a director of Community Health Systems, Inc. The filing gives Rule 144 information for his planned sales of CYH common stock.

How many CYH shares are covered by William Norris Jennings' Form 144 filing?
The Form 144 covers a proposed sale of up to 40,000 shares of Community Health Systems, Inc. common stock. This amount ties to multiple restricted stock unit vesting events listed in the filing.

Through which broker will the CYH shares potentially be sold under this Form 144?
The potential sale of up to 40,000 CYH common shares is listed as being through UBS Financial Services Inc., with the shares to be sold on the NYSE according to the filing details.

What is the origin of the CYH shares listed in William Norris Jennings' Form 144?
The shares come from multiple restricted stock unit (RSU) vesting events. The filing lists RSU vests of 4,915 shares on 03/01/2019 and 11,356, 12,373, and 11,356 shares on various dates in 2021 and 2022 that total 40,000 shares.

What exchange is referenced for the potential sale of CYH shares in this Form 144?
The filing states that the 40,000 CYH common shares covered by the notice are to be sold on the NYSE. This is part of the transaction information listed with UBS Financial Services Inc. as the broker.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR