Community Health Systems (CYH) director boosts stake with stock and RSU awards

Rhea-AI Filing Summary

Community Health Systems director Susan W. Brooks reported multiple equity transactions on March 1, 2026. She exercised restricted stock units that convert to common stock on a one-to-one basis, acquiring 50,595 shares of common stock. She also received a new grant of 52,023 restricted stock units, which vest in one-third increments on the first, second and third anniversaries of the grant date and will be settled in common stock on a one-for-one basis. Following these transactions, she directly owned 108,695 shares of common stock and 52,023 restricted stock units.

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^*

Brooks Susan W

(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	67,856	D
Common Stock	03/01/2026		M		20,906(1)	A	$0	88,762	D
Common Stock	03/01/2026		M		19,933(1)	A	$0	108,695	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 StockUnits	$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 Susan W. Brooks	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 activity did CYH director Susan W. Brooks report on this Form 4?

Susan W. Brooks reported equity awards and conversions. She exercised multiple restricted stock unit awards into a total of 50,595 shares of Community Health Systems common stock and received a new grant of 52,023 restricted stock units, all dated March 1, 2026.

How many Community Health Systems (CYH) shares does Susan W. Brooks own after these transactions?

After the reported transactions, Susan W. Brooks directly holds 108,695 shares of Community Health Systems common stock. She also directly holds 52,023 restricted stock units that are scheduled to vest over three years and settle into common shares on a one-for-one basis.

What type of securities did Susan W. Brooks acquire in the CYH Form 4 filing?

She acquired both common stock and restricted stock units. RSUs converted one-to-one into 50,595 common shares via derivative exercises, and she received a new grant of 52,023 RSUs that will later settle in Community Health Systems common stock as they vest.

When do Susan W. Brooks’ new CYH restricted stock units vest?

The 52,023 restricted stock units vest in one-third increments. They vest on the first, second, and third anniversaries of the March 1, 2026 grant date and, upon each vesting event, will be settled in Community Health Systems common stock on a one-for-one basis.

Were Susan W. Brooks’ CYH transactions open-market buys or sales?

The transactions were equity award-related, not open-market trades. They consisted of derivative exercises or conversions of restricted stock units into common stock and a grant or award of new restricted stock units, all reported at a price per share of $0.00.

What does the one-to-one conversion of CYH restricted stock units mean for shareholders?

A one-to-one conversion means each vested restricted stock unit becomes one share of common stock. For Susan W. Brooks, her vested units turned into 50,595 new CYH shares, while future vesting of 52,023 RSUs will similarly create common shares over time.