Community Health Systems (CYH) director reports new RSU grant and share acquisition

Rhea-AI Filing Summary

Community Health Systems director John A. Clerico reported multiple equity transactions dated March 1, 2026. He exercised previously granted restricted stock units that converted one-for-one into 50,595 shares of common stock at a stated price of $0.00 per share.

Clerico also received a new award of 52,023 restricted stock units that vest in equal one-third installments on the first, second and third anniversaries of the grant date and are settled in common shares on a one-for-one basis. Following these transactions, he directly holds 368,763 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^*

CLERICO 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	327,924	D
Common Stock	03/01/2026		M		20,906(1)	A	$0	348,830	D
Common Stock	03/01/2026		M		19,933(1)	A	$0	368,763	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 Clerico	03/03/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did CYH director John A. Clerico report?

John A. Clerico reported equity transactions involving restricted stock units and common stock of Community Health Systems dated March 1, 2026. He exercised several restricted stock unit awards into common shares and received a new grant of additional restricted stock units that will vest over three years.

How many Community Health Systems shares did John A. Clerico acquire?

John A. Clerico acquired 50,595 shares of Community Health Systems common stock through exercises of restricted stock units. Each restricted stock unit converted to one share of common stock at a stated price of $0.00 per share, increasing his direct common stock holdings reported in the filing.

What new restricted stock unit grant did John A. Clerico receive from CYH?

John A. Clerico received a grant of 52,023 restricted stock units from Community Health Systems. These units vest in one-third increments on the first, second and third anniversaries of the grant date and, upon vesting, will be settled in shares of common stock on a one-for-one basis.

How many CYH shares does John A. Clerico own after these transactions?

After the reported transactions, John A. Clerico directly owns 368,763 shares of Community Health Systems common stock. He also holds 52,023 restricted stock units that are scheduled to vest over three years and convert into common shares on a one-for-one basis upon vesting.

On what date were John A. Clerico's CYH transactions effective?

All reported transactions for John A. Clerico were effective on March 1, 2026. That date applies to his exercises of restricted stock units into common stock and to the grant of new restricted stock units that will vest in three equal annual installments starting from the grant date.

How do John A. Clerico's CYH restricted stock units convert to common stock?

Each of John A. Clerico's restricted stock units converts into one share of Community Health Systems common stock. Certain units vest in one-third increments on the first, second and third anniversaries of the grant date and are then settled in common shares on a one-for-one basis.