Tenet Healthcare (NYSE: THC) director sells 3,000 shares and receives 1,188 RSUs

Rhea-AI Filing Summary

TENET HEALTHCARE CORP director Nadja West reported mixed insider activity. She completed an open-market sale of 3,000 shares of Common Stock at $177.35 per share and now directly holds 24,805 shares. She was also granted 1,188 restricted stock units that vest on the first anniversary of the grant, each equivalent to one common share, with an option to receive up to 37% of these units in cash.

Insider Trade Summary

Net Seller: 3,000 shares ($532,050)

Net Sell 2 txns

Insider West Nadja

Role null

Sold 3,000 shs ($532K)

Type	Security	Shares	Price	Value
Grant/Award	2026 May Restricted Stock Units	1,188	$0.00	--
Sale	Common Stock	3,000	$177.35	$532K

Holdings After Transaction: 2026 May Restricted Stock Units — 1,188 shares (Direct, null); Common Stock — 24,805 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 3,000 shares Sale price: $177.35/share Shares held after sale: 24,805 shares +2 more

5 metrics

Shares sold 3,000 shares Open-market sale of common stock

Sale price $177.35/share Average price for 3,000 shares sold

Shares held after sale 24,805 shares Direct common stock ownership post-transaction

RSUs granted 1,188 units 2026 May restricted stock units grant

Cash election limit Up to 37% Portion of RSUs that may be taken in cash

Key Terms

restricted stock units, Stock Incentive Plan, open-market sale, grant/award acquisition, +1 more

5 terms

restricted stock units financial

"Represents restricted stock units granted under the Company's Stock Incentive Plan."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Stock Incentive Plan financial

"Represents restricted stock units granted under the Company's Stock Incentive Plan."

A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

grant/award acquisition financial

"transaction_action": "grant/award acquisition""

economic equivalent financial

"Each restricted stock unit is the economic equivalent of one share of the Company's common stock."

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Form 4 Insider Transactions: What Each Field Means →

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^*

West Nadja

(Last) (First) (Middle)

14201 DALLAS PARKWAY

(Street)

DALLAS TEXAS 75254

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
TENET HEALTHCARE CORP [ THC ]

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/27/2026		S		3,000	D	$177.35	24,805	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
2026 May Restricted Stock Units	(1)	05/27/2026		A		1,188		05/27/2027	05/27/2027	Common Stock	1,188	$0	1,188	D

Explanation of Responses:

1. Represents restricted stock units granted under the Company's Stock Incentive Plan. Each restricted stock unit is the economic equivalent of one share of the Company's common stock. These restricted stock units vest on the first anniversary of the date of grant. The reporting person may elect to receive up to 37% of these restricted stock units in cash in lieu of shares.

	Chad J. Wiener, as Attorney-in-fact for Nadja West	05/28/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did Nadja West report at TENET HEALTHCARE CORP (THC)?

Nadja West reported an open-market sale of 3,000 shares of common stock and received a grant of 1,188 restricted stock units. These transactions reflect both a reduction and an increase in her equity-based exposure on the same date.

At what price did Nadja West sell TENET HEALTHCARE CORP (THC) shares?

She sold 3,000 shares of TENET HEALTHCARE CORP common stock at an average price of $177.35 per share. This was an open-market sale, categorized as a non-derivative transaction in the Form 4 filing data.

How many TENET HEALTHCARE CORP shares does Nadja West hold after the sale?

After selling 3,000 shares, Nadja West directly holds 24,805 shares of TENET HEALTHCARE CORP common stock. This post-transaction balance shows she retains a significant direct equity position following the reported open-market transaction.

What are the terms of Nadja West’s 2026 May restricted stock units at THC?

She was granted 1,188 restricted stock units under the company’s Stock Incentive Plan. Each unit equals one common share, vests on the first anniversary of the grant date, and she may elect to receive up to 37% of these units in cash instead of shares.

Do the restricted stock units granted to Nadja West at THC have an exercise price?

The 1,188 restricted stock units were granted with a stated price of $0.00 per unit. They represent the right to receive common stock (or partial cash settlement) upon vesting rather than options requiring a purchase price.

How does the Form 4 classify Nadja West’s transactions in THC stock?

The sale of 3,000 common shares is classified as an open-market sale, a non-derivative transaction. The 1,188 restricted stock units are reported as a derivative grant or award acquisition linked to underlying TENET HEALTHCARE CORP common stock.