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Tenet director plans $3.2M stock sale

A Tenet Healthcare director filed a Rule 144 notice for a potential sale of 12,010 common shares acquired via restricted stock vesting.

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(Neutral)
Form Type
144

Rhea-AI Filing Summary

TENET HEALTHCARE CORP (THC) received a Rule 144 notice covering a proposed sale of up to 12,010 shares of common stock held for the account of director Kerrey J. Robert. The shares, acquired through restricted stock vesting in May 2019 and May 2020 as compensation, may be sold through Fidelity Brokerage Services LLC on the NYSE.

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Shares to be sold 12,010 shares Maximum number of Tenet Healthcare common shares covered by the Rule 144 notice
Aggregate market value $3,212,675.00 Aggregate market value of the 12,010 shares proposed to be sold
Shares outstanding 80,519,000 shares Tenet Healthcare common shares outstanding as referenced in the Form 144
Shares from 2019 vesting 5,784 shares Restricted stock vested on May 13, 2019 classified as compensation
Shares from 2020 vesting 6,226 shares Restricted stock vested on May 5, 2020 classified as compensation
Planned sale date September 14, 2026 Approximate date of sale listed for the Rule 144 transaction
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Vesting financial
"Common | 05/13/2019 | Restricted Stock Vesting | Issuer"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
compensation financial
"5784 | 05/13/2019 | Compensation"
Aggregate Market Value financial
"Common | Fidelity Brokerage Services LLC ... | 3212675.00"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

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

What does the Form 144 filing mean for TENET HEALTHCARE (THC)?

The filing reports a proposed sale of up to 12,010 shares of Tenet Healthcare common stock for the account of director Kerrey J. Robert under Rule 144, indicating potential secondary market sales by an affiliate, not an issuance of new shares by the company.

How many THC shares are covered by this Rule 144 notice?

The notice covers up to 12,010 shares of Tenet Healthcare common stock, corresponding to 5,784 shares acquired on May 13, 2019 and 6,226 shares acquired on May 5, 2020 through restricted stock vesting as compensation.

What is the approximate market value of the THC shares in this Form 144?

The filing lists an aggregate market value of $3,212,675.00 for the 12,010 shares of Tenet Healthcare common stock that may be sold through Fidelity Brokerage Services LLC on the NYSE, as of the planned sale date stated in the notice.

When may the Tenet Healthcare (THC) shares be sold under this Form 144?

The notice states an approximate sale date of September 14, 2026 for the potential sale of 12,010 shares of Tenet Healthcare common stock by Fidelity Brokerage Services LLC on the NYSE under Rule 144.

How many Tenet Healthcare (THC) shares are outstanding in this Form 144?

The Form 144 lists 80,519,000 shares of Tenet Healthcare common stock as outstanding. This figure provides context for the relative size of the proposed 12,010-share sale, which represents only a small fraction of the total outstanding shares.

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

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

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