HCA Healthcare: Frist transfers 555,500 Hercules units
The per-unit value was based on the average of HCA common stock's high and low prices on November 4, 2026.
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Form Type
4
Rhea-AI Filing Summary
Thomas F. Frist III, a director and ten percent owner of HCA Healthcare, Inc. (HCA), transferred 555,500 Hercules Holding II units to trusts for the benefit of his children on November 4, 2026, in satisfaction of obligations. The stated price was $503.525 per unit. Hercules Holding II holds 32,282,889 HCA common shares; the transfer did not change the total number of HCA shares Frist may be deemed to beneficially own.
Insider Trade Summary
Other: 1,111,000 shares
Other
2 txns
Insider
FRIST THOMAS F III
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock, par value $0.01 per share F1, F4 | 555,500 | $503.525 | $279.71M |
| Other | Common Stock, par value $0.01 per share F1, F4 | 555,500 | $503.525 | $279.71M |
| Holding | Common Stock, par value $0.01 per share F2 | -- | -- | -- |
| Holding | Common Stock, par value $0.01 per share F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 32,282,889 shares (Indirect, By Hercules Holding II);
Common Stock, par value $0.01 per share — 15,858 shares (Direct);
Common Stock, par value $0.01 per share — 36,557,141 shares (Indirect, By Frisco Holding II)
Footnotes (4)
- F1. Hercules Holding II ("Hercules") holds 32,282,889 shares of Common Stock, par value $0.01 per share ("Shares"), of HCA Healthcare, Inc. (the "Issuer"). Hercules is held by a private investor group, including affiliates of HCA Inc. founder Dr. Thomas F. Frist Jr. The Reporting Person may be deemed to exercise voting and investment control over the Shares held by Hercules, but disclaims beneficial ownership of such Shares except to the extent of his pecuniary interest therein, which may be deemed to include indirect interests in Shares through ownership of Hercules partnership units to the extent of: 3,034,522 Shares by the Reporting Person; 9,497 Shares by the Reporting Person's spouse; and 3,965,851 Shares by trusts for the benefit of the Reporting Person's children of which the Reporting Person or his spouse is trustee.
- F2. This number represents restricted share units payable in Shares, which will be delivered to the Reporting Person on the date he ceases to be a director of the Issuer.
- F3. Frisco Holding II ("Frisco") holds 36,557,141 Shares. Frisco is held by a private investor group, including affiliates of HCA Inc. founder Dr. Thomas F. Frist Jr. The Reporting Person may be deemed to exercise voting and investment control over the Shares held by Frisco, but disclaims beneficial ownership of such Shares except to the extent of his pecuniary interest therein, which may be deemed to include indirect interests in Shares through ownership of Frisco partnership units to the extent of: 1,172 Shares by the Reporting Person; and 11,868,140 Shares by trusts for the benefit of the Reporting Person's children of which the Reporting Person or his spouse is trustee.
- F4. On November 4, 2026, the Reporting Person transferred a total 555,500 units of Hercules to trusts for the benefit of the Reporting Person's children of which the Reporting Person or his spouse is trustee in satisfaction of obligations. Each of these transfers was made at a price per unit of Hercules equal to $503.525 (the average of the high and low prices of the Shares on November 4, 2026). In each case, these transfers did not change the total number of Shares of which the Reporting Person may be deemed to have beneficial ownership.
Key Figures
Hercules units transferred: 555,500 units
Price per Hercules unit: $503.525 per unit
HCA common shares held by Hercules Holding II: 32,282,889 shares
+2 more
5 metrics
Hercules units transferred
555,500 units
Transferred to trusts for the benefit of his children on November 4, 2026
Price per Hercules unit
$503.525 per unit
Equal to the average of HCA common stock's high and low prices on November 4, 2026
HCA common shares held by Hercules Holding II
32,282,889 shares
Shares held by Hercules Holding II
HCA common shares held by Frisco Holding II
36,557,141 shares
Shares held by Frisco Holding II
Restricted share units payable in HCA shares
15,858 units
Payable in shares when Frist ceases to be an HCA director
Key Terms
restricted share units, pecuniary interest, beneficial ownership
3 terms
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
beneficial ownership regulatory
"disclaims beneficial ownership of such Shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many Hercules units did Thomas F. Frist III transfer in the HCA Form 4?
Thomas F. Frist III reported transferring 555,500 Hercules units to trusts for the benefit of his children on November 4, 2026, in satisfaction of obligations.
How was the $503.525 price for the Hercules units determined?
The stated $503.525 per unit equaled the average of the high and low prices of HCA common stock on November 4, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
