Community Health (NYSE: CYH) director converts 46,950 RSUs, holds 156,093 shares

Rhea-AI Filing Summary

Community Health Systems director K. R. Ranga reported compensation-related equity activity, primarily the settlement of deferred awards into common stock. On April 22, 2026, restricted stock units previously granted and deferred by the director converted into 46,950 shares of common stock through a derivative exercise.

Following this exercise, the director directly owned 156,093 shares of common stock, indicating the shares were retained rather than sold in the market. The director also continued to hold deferred equity, including restricted stock units totaling 228,321 units and stock units under a directors’ fee deferral plan representing 69,653.39 underlying common shares, which will settle later under pre-existing deferral elections.

Insider Trade Summary

Net Buyer: 46,950 shares

Net Buy 3 txns

Insider Krishnan K Ranga

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	46,950	$0.00	$0.00
Exercise	Common Stock	46,950	$0.00	$0.00
holding	Stock Units (SU)	--	--	--

Holdings After Transaction: Restricted Stock Units — 228,321 shares (Direct); Common Stock — 156,093 shares (Direct); Stock Units (SU) — 69,653.39 shares (Direct)

Footnotes (3)

1. F1. Based on the Reporting Person's prior deferral elections pursuant to the terms of the award agreement, these restricted stock units originally granted on 3/1/2022 and 3/1/2023 settled in shares of the Issuer's common stock on a one-for-one basis on 4/22/2026, the date previously specified by the Reporting Person.
2. F2. 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.
3. F3. These stock units were accrued under the Issuer's Directors' Fees Deferral Plan in lieu of a portion of the Reporting Person's director cash compensation and are settled in shares of the Issuer's common stock on a one-for-one basis on the last business day of the calendar quarter following Reporting Person's cessation as a director or upon a date or dates previously specified by the Reporting Person.

Key Figures

RSUs converted: 46,950 shares Common stock held: 156,093 shares Restricted Stock Units outstanding: 228,321 units +2 more

5 metrics

RSUs converted 46,950 shares Restricted stock units settled into common stock on April 22, 2026

Common stock held 156,093 shares Direct common stock ownership after transactions

Restricted Stock Units outstanding 228,321 units Unsettled RSUs remaining after reported exercise

Stock units underlying shares 69,653.39 shares Stock units under Directors’ Fees Deferral Plan

Exercise price $0.00 per unit Conversion or exercise price for reported stock units/RSUs

Key Terms

Restricted Stock Units, Directors' Fees Deferral Plan, deferral elections, stock units, +1 more

5 terms

Restricted Stock Units financial

"These restricted stock units vest in 1/3 increments on the first, second and third anniversary"

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.

Directors' Fees Deferral Plan financial

"These stock units were accrued under the Issuer's Directors' Fees Deferral Plan in lieu of a portion"

deferral elections financial

"Based on the Reporting Person's prior deferral elections pursuant to the terms of the award agreement"

stock units financial

"These stock units were accrued under the Issuer's Directors' Fees Deferral Plan in lieu of a portion"

Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

FAQ

What insider transaction did CYH director K. R. Ranga report?

Director K. R. Ranga reported a compensation-related equity transaction in which previously deferred restricted stock units converted into 46,950 shares of Community Health Systems common stock. This reflects a derivative exercise rather than an open-market purchase or sale, with the shares retained afterward.

How many Community Health Systems shares does the director hold after this Form 4?

After the reported transactions, the director directly held 156,093 shares of Community Health Systems common stock. This figure reflects the position following the conversion of deferred restricted stock units into shares and shows the director maintained a sizable equity stake.

What happened to the 46,950 restricted stock units in the CYH filing?

The 46,950 restricted stock units converted into an equal number of Community Health Systems common shares on April 22, 2026. These units were subject to prior deferral elections, causing settlement to occur on the specified date rather than at original vesting.

Does the CYH director still hold unsettled restricted stock units?

Yes. The director continued to hold 228,321 restricted stock units after the transaction. According to the terms described, these units vest over three years and will settle into common stock upon cessation as a director or on previously specified future dates.

What are the stock units accrued under CYH’s Directors’ Fees Deferral Plan?

The stock units were accrued in lieu of a portion of the director’s cash fees under the Directors’ Fees Deferral Plan, representing 69,653.39 underlying common shares. They will be settled in Community Health Systems stock after board service ends or on dates elected in advance.

Were there any open-market buys or sells in this CYH Form 4?

No open-market buys or sells were reported. The filing shows a derivative exercise where deferred restricted stock units converted into 46,950 common shares, along with updated holdings of other deferred stock and stock units, all linked to compensation and deferral arrangements.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 04/22/2026 - 04:47 PM Learn about SEC filing 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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Krishnan K Ranga

(Last) (First) (Middle)

4000 MERIDIAN BOULEVARD

(Street)

FRANKLIN TENNESSEE 37067

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/22/2026

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

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

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

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	04/22/2026		M		46,950(1)	A	$0	156,093	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	04/22/2026		M			46,950(1)	(2)	(2)	Common Stock	46,950	$0	228,321	D
Stock Units (SU)	$0							(3)	(3)	Common Stock	69,653.39		69,653.39	D

Explanation of Responses:

1. Based on the Reporting Person's prior deferral elections pursuant to the terms of the award agreement, these restricted stock units originally granted on 3/1/2022 and 3/1/2023 settled in shares of the Issuer's common stock on a one-for-one basis on 4/22/2026, the date previously specified by the Reporting Person.

2. 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.

3. These stock units were accrued under the Issuer's Directors' Fees Deferral Plan in lieu of a portion of the Reporting Person's director cash compensation and are settled in shares of the Issuer's common stock on a one-for-one basis on the last business day of the calendar quarter following 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 K. Ranga Krishnan	04/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)