NHC counsel exercises options, net 12,698 shares

NATIONAL HEALTHCARE CORP Senior VP & General Counsel Josh A. McCreary reported option-related transactions in company stock.

Rhea-AI Filing Summary

NATIONAL HEALTHCARE CORP Senior VP & General Counsel Josh A. McCreary reported option-related transactions in company stock. On March 4, 2026, he exercised options for 4,500 shares of common stock at an exercise price of $90.62 per share.

To cover the exercise price and related tax withholding obligations, 3,202 shares of common stock were withheld by the company, classified as a tax-withholding disposition rather than an open-market sale. Following these transactions, McCreary directly beneficially owned 12,698 shares of NATIONAL HEALTHCARE CORP common stock.

Insider Trade Summary

4,500 shares exercised/converted

Exercise 6 txns

Insider McCreary Josh A

Role Senior VP & General Counsel

Type	Security	Shares	Price	Value
Exercise	Option to Purchase Common Stock	4,500	$0.00	$0.00
Exercise	Common Stock	4,500	$90.62	$408K
Exercise Price or Tax Liability	Common Stock	3,202	$172.83	$553K
holding	Option to Purchase Common Stock	--	--	--
holding	Option to Purchase Common Stock	--	--	--
holding	Option to Purchase Common Stock	--	--	--

Holdings After Transaction: Option to Purchase Common Stock — 35,000 contracts for 26,000 underlying shares (Direct); Common Stock — 12,698 shares (Direct)

Footnotes (3)

1. F1. These stock options were granted pursuant to the 2020 Omnibus Equity Incentive Plan on February 24, 2025. The grant and exercise of these stock options are exempt from Section 16(b) pursuant to Rule 16b-3(d).
2. F2. Shares were withheld by the Company to pay the exercise price and withholding tax obligations.
3. F3. Total amount of shares beneficially owned following transactions reported on this form.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did NHC executive Josh A. McCreary report?

Josh A. McCreary reported exercising options for 4,500 shares of NATIONAL HEALTHCARE CORP common stock on March 4, 2026. These transactions were option exercises under the company’s equity plan, not open-market purchases, and were paired with a tax-related share withholding.

How many NHC shares did Josh A. McCreary acquire through option exercise?

He acquired 4,500 shares of NATIONAL HEALTHCARE CORP common stock by exercising stock options on March 4, 2026. The options were granted under the 2020 Omnibus Equity Incentive Plan and converted into common shares at an exercise price of $90.62 per share.

Were any NHC shares sold by Josh A. McCreary in this Form 4 filing?

The filing shows a tax-withholding disposition of 3,202 shares, which were withheld by the company to pay the option exercise price and tax obligations. This is not described as an open-market sale but as shares delivered to cover costs.

What is Josh A. McCreary’s NHC share ownership after these transactions?

After the reported transactions, Josh A. McCreary directly beneficially owned 12,698 shares of NATIONAL HEALTHCARE CORP common stock. This total reflects the new shares from the option exercise, net of the shares withheld to cover the exercise price and tax liabilities.

Under what plan were Josh A. McCreary’s NHC stock options granted?

The stock options exercised by Josh A. McCreary were granted under NHC’s 2020 Omnibus Equity Incentive Plan on February 24, 2025. The grant and exercise are noted as exempt from Section 16(b) under Rule 16b-3(d), according to the filing footnotes.

How were taxes handled for Josh A. McCreary’s NHC option exercise?

To handle the exercise price and tax withholding obligations, 3,202 shares of NATIONAL HEALTHCARE CORP common stock were withheld by the company. The filing classifies this as a tax-withholding disposition, meaning shares were delivered to satisfy costs rather than sold on the market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/06/2026 - 04:26 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^*

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)
03/04/2026

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	03/04/2026		M		4,500(1)	A	$90.62	15,900	D
Common Stock	03/04/2026		F		3,202(2)	D	$172.83	12,698(3)	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	03/04/2026		M			4,500(1)	02/24/2026	02/24/2030	Common Stock	13,500	$0	9,000	D
Option to Purchase Common Stock	$157.13							02/23/2027	02/23/2031	Common Stock	14,000		14,000	D

Explanation of Responses:

1. These stock options were granted pursuant to the 2020 Omnibus Equity Incentive Plan on February 24, 2025. The grant and exercise of these stock options are exempt from Section 16(b) pursuant to Rule 16b-3(d).

2. Shares were withheld by the Company to pay the exercise price and withholding tax obligations.

3. Total amount of shares beneficially owned following transactions reported on this form.

	/s/ Josh McCreary	03/06/2026
	** 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.