Director Michael Dinkins adds CYH (NYSE: CYH) stock through RSU grants and conversions

Rhea-AI Filing Summary

COMMUNITY HEALTH SYSTEMS INC director Michael Dinkins reported equity awards and conversions involving restricted stock units and common shares. On 2026-03-01, he exercised or converted restricted stock units into 9,756 and 20,906 shares of common stock at a stated price of $0.0000 per share, increasing his direct common stock holdings to 225,882 shares.

He also acquired a new grant of 52,023 restricted stock units, bringing his directly held restricted stock units to 111,824. The units generally convert to common stock on a one-to-one basis and vest in one-third increments on the first, second, and third anniversaries of the grant date, with some units deferred until he ceases serving as a director or specified future dates.

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^*

DINKINS MICHAEL

(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	204,976	D
Common Stock	03/01/2026		M		20,906(1)	A	$0	225,882	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		A		52,023		(3)	(3)	Common Stock	52,023	$0	111,824	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.

3. These restricted stock units vest in 1/3 increments on the first, second and third anniversary of the date of grant. Based on the Reporting Person's prior deferral elections pursuant to the terms of the award agreement, these restricted stock units will be settled in shares of the Issuer's common stock on a one-for-one basis upon the Reporting Person's cessation as a director or upon a date or dates previously specified by the Reporting Person.

	Christopher G. Cobb, Attorney in Fact for Michael Dinkins	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did CYH director Michael Dinkins report on this Form 4?

Michael Dinkins reported acquiring common stock through exercises of restricted stock units and receiving a new restricted stock unit grant. The filing details derivative conversions into 9,756 and 20,906 common shares and a grant of 52,023 restricted stock units, all held directly.

How many Community Health Systems (CYH) common shares does Michael Dinkins now hold directly?

After the reported transactions, Michael Dinkins directly holds 225,882 shares of Community Health Systems common stock. These holdings reflect exercises of restricted stock units that converted into 9,756 and 20,906 shares at a stated price of $0.0000 per share on March 1, 2026.

What restricted stock unit awards did Michael Dinkins receive from Community Health Systems (CYH)?

He received a grant of 52,023 restricted stock units, bringing his total directly held restricted stock units to 111,824. These units vest in one-third increments on the first, second, and third anniversaries of the grant date and convert into common shares one-for-one when settled.

How do Michael Dinkins’ CYH restricted stock units convert into common stock?

Each restricted stock unit converts into one share of Community Health Systems common stock. Footnotes state the security converts on a one-to-one basis, with settlement occurring upon vesting or, for certain units, upon his cessation as a director or pre-selected future dates.

What is the vesting schedule for Michael Dinkins’ Community Health Systems restricted stock units?

The restricted stock units vest in one-third increments on the first, second, and third anniversaries of the grant date. Once vested, they are scheduled to be settled in shares of CYH common stock, either at vesting or at deferred dates specified under his prior elections.

Were Michael Dinkins’ CYH restricted stock unit exercises open-market purchases or derivative conversions?

They were derivative exercises or conversions, not open-market purchases. The Form 4 uses transaction code “M” and describes these as exercises or conversions of derivative securities, with a stated transaction price of $0.0000 per share for the resulting common stock.