Director boosts Community Health (NYSE: CYH) stake via RSUs

Rhea-AI Filing Summary

Community Health Systems Inc. director John A. Fry reported multiple equity-related transactions involving restricted stock units (RSUs) and common stock. On March 1 2026, he exercised RSUs that convert to common stock on a one-to-one basis, acquiring 9756, 20906, and 19933 shares of common stock at a stated price of 0.0000 per share. The filing also shows a new grant of 52023 RSUs that vest in one-third increments on the first, second, and third anniversaries of the grant date and will be settled in common stock upon vesting. After these conversions, Fry directly owned 268966 shares of Community Health Systems common stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

FRY JOHN A

(Last) (First) (Middle)

4000 MERIDIAN BOULEVARD

(Street)

FRANKLIN TN 37067

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
COMMUNITY HEALTH SYSTEMS INC [ CYH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/01/2026		M		9,756(1)	A	$0	228,127	D
Common Stock	03/01/2026		M		20,906(1)	A	$0	249,033	D
Common Stock	03/01/2026		M		19,933(1)	A	$0	268,966	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0	03/01/2026		M			9,756	(2)	(2)	Common Stock	9,756	$0	0	D
Restricted Stock Units	$0	03/01/2026		M			20,906	(2)	(2)	Common Stock	20,906	$0	20,906	D
Restricted Stock Units	$0	03/01/2026		M			19,933	(2)	(2)	Common Stock	19,933	$0	39,868	D
Restricted Stock Units	$0	03/01/2026		A		52,023		(2)	(2)	Common Stock	52,023	$0	52,023	D

Explanation of Responses:

1. The security converts to common stock on a one-to-one basis.

2. These restricted stock units vest in 1/3 increments on the first, second and third anniversary of the date of the grant. Upon vesting, these restricted stock units will be settled in shares of the Issuer's common stock on a one-for-one basis.

	Christopher G. Cobb, Attorney in Fact for John Anderson Fry	03/03/2026
	** Signature of Reporting Person	Date
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FAQ

What insider activity did CYH director John A. Fry report on this Form 4?

John A. Fry reported acquiring common stock through RSU conversions and receiving a new RSU grant. He exercised three RSU blocks into 9756, 20906, and 19933 common shares and was awarded 52023 additional restricted stock units.

How many restricted stock units were granted to John A. Fry by Community Health Systems (CYH)?

John A. Fry received a grant of 52023 restricted stock units. These RSUs vest in one-third increments on the first, second, and third anniversaries of the grant date and will be settled in shares of Community Health Systems common stock.

How many Community Health Systems (CYH) shares did John A. Fry hold after these transactions?

After the reported transactions, John A. Fry directly owned 268966 shares of Community Health Systems common stock. This total reflects the added shares from RSU conversions recorded in the filing on March 1 2026.

At what conversion ratio do John A. Fry’s restricted stock units convert into CYH common stock?

The restricted stock units convert into Community Health Systems common stock on a one-to-one basis. Each vested RSU is settled in one share of common stock, as specified in the footnotes of the insider filing.

What is the vesting schedule for John A. Fry’s new CYH restricted stock unit award?

The 52023 restricted stock units vest in three equal installments. One-third vests on each of the first, second, and third anniversaries of the grant date, and each vested unit will be settled in one share of common stock.

Were John A. Fry’s CYH restricted stock unit conversions reported as purchases or exercises?

The filing classifies the RSU activity as exercises or conversions of derivative securities. The Form 4 uses transaction code M, indicating derivative exercise or conversion rather than open-market stock purchases.