National Healthcare Corp (NHC) GC reports vested stock and tax withholding

Rhea-AI Filing Summary

National Healthcare Corp Senior VP & General Counsel reported an equity transaction involving company stock. On 1/1/2026, a total of 1,162 shares of restricted stock that were originally granted on 3/8/2023, 3/5/2024, and 3/5/2025 vested. To cover tax obligations from this vesting, the company withheld 496 shares, recorded as a disposition at a price of $137.9 per share under transaction code F.

After this tax withholding, the insider directly beneficially owns 9,942 shares of National Healthcare Corp common stock. The filing also lists outstanding stock options giving rights to purchase additional shares in the future, all held directly by the reporting person.

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

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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^*

McCreary Josh A

(Last) (First) (Middle)

100 VINE STREET

(Street)

MURFREESBORO TN 37130

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NATIONAL HEALTHCARE CORP [ NHC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior VP & General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
01/01/2026

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	11/11/2025		F		496(1)	D	$137.9	9,942	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
Option to Purchase Common Stock	$53.94							03/08/2024	03/08/2028	Common Stock	4,000		4,000	D
Option to Purchase Common Stock	$94.1							03/05/2025	03/05/2029	Common Stock	8,000		8,000	D
Option to Purchase Common Stock	$90.62							02/24/2026	02/24/2030	Common Stock	13,500		13,500	D

Explanation of Responses:

1. On 1/1/2026, 33 1/3 (or 1162 shares) of restricted stock originally granted on 3/8/2023, 3/5/2024, and 3/5/2025 vested. The Company withheld 496 shares to pay tax obligations.

	/s/ Josh McCreary	01/05/2026
	** 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 transaction did NATIONAL HEALTHCARE CORP (NHC) report in this Form 4?

The Senior VP & General Counsel of NATIONAL HEALTHCARE CORP (NHC) reported a tax-related transaction where vested restricted stock led to a withholding of shares to satisfy tax obligations, recorded as a disposition of common stock.

How many NATIONAL HEALTHCARE CORP (NHC) shares were withheld for taxes?

The company withheld 496 shares of NATIONAL HEALTHCARE CORP common stock to pay the reporting person’s tax obligations arising from the vesting of restricted stock.

How many NATIONAL HEALTHCARE CORP (NHC) shares does the insider own after this transaction?

Following the reported transaction, the insider directly beneficially owns 9,942 shares of NATIONAL HEALTHCARE CORP common stock.

What triggered the tax withholding transaction for NHC’s insider on 1/1/2026?

On 1/1/2026, 1,162 shares of restricted stock originally granted on 3/8/2023, 3/5/2024, and 3/5/2025 vested, and the company withheld 496 of those shares to cover the insider’s tax obligations.

What stock options held by the NHC insider are disclosed in this filing?

The filing lists stock options to purchase 4,000 shares of common stock at $53.94 expiring on 03/08/2028, 8,000 shares at $94.1 expiring on 03/05/2029, and 13,500 shares at $90.62 expiring on 02/24/2030, all held directly.

What is the role of the reporting person at NATIONAL HEALTHCARE CORP (NHC)?

The reporting person is an officer of NATIONAL HEALTHCARE CORP, serving as Senior VP & General Counsel.