[Form 4] U S PHYSICAL THERAPY INC /NV Insider Trading Activity

Rhea-AI Filing Summary

Minan Peter Francis reported acquisition or exercise transactions in this Form 4 filing.

U.S. Physical Therapy director Peter Francis Minan received a grant of 2,306 shares of Common Stock as restricted stock. The award is valued at $61.61 per share for reporting purposes and increases his direct holdings to 2,431 shares.

According to the grant terms, restrictions lapse as to 1,153 shares on August 20, 2026, 576 shares on November 20, 2026, and 577 shares on March 6, 2027, if he continues to serve as a director on those dates.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Minan Peter Francis

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,306	$61.61	$142K

Holdings After Transaction: Common Stock — 2,431 shares (Direct, null)

Footnotes (1)

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Key Figures

Restricted shares granted: 2,306 shares Grant valuation price: $61.61 per share Shares held after grant: 2,431 shares +3 more

6 metrics

Restricted shares granted 2,306 shares Restricted stock award to director Peter Francis Minan

Grant valuation price $61.61 per share Reported price per share for the restricted stock grant

Shares held after grant 2,431 shares Total direct Common Stock holdings after the transaction

First restriction lapse 1,153 shares Restrictions lapse on August 20, 2026 if still a director

Second restriction lapse 576 shares Restrictions lapse on November 20, 2026 if still a director

Third restriction lapse 577 shares Restrictions lapse on March 6, 2027 if still a director

Key Terms

restricted stock, Amended and Restated 2003 Stock Incentive Plan, Common Stock

3 terms

restricted stock financial

"Includes 2,306 shares which were granted as restricted stock pursuant to the Company Amended and Restated 2003 Stock Incentive Plan."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Amended and Restated 2003 Stock Incentive Plan financial

"granted as restricted stock pursuant to the Company Amended and Restated 2003 Stock Incentive Plan."

Common Stock financial

"security_title: "Common Stock" for the reported non-derivative transaction."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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^*

Minan Peter Francis

(Last) (First) (Middle)

1300 W SAM HOUSTON PKWAY S, SUITE 300

(Street)

HOUSTON TEXAS 77042

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
U S PHYSICAL THERAPY INC /NV [ USPH ]

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)
05/19/2026

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	05/19/2026		A		2,306	A	$61.61	2,431(1)	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

Explanation of Responses:

1. Includes 2,306 shares which were granted as restricted stock pursuant to the Company Amended and Restated 2003 Stock Incentive Plan. Restrictions lapse as to 1,153 shares on August 20, 2026, 576 shares on November 20, 2026 and 577 shares on March 6, 2027, if he is a director of the Company on those dates.

	/s/ Kate Venturina, as attorney-in-fact	05/20/2026
	** 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 transaction did Peter Francis Minan report at USPH?

Director Peter Francis Minan reported receiving 2,306 shares of U.S. Physical Therapy Common Stock as a restricted stock grant. The award was recorded at $61.61 per share and is part of his director compensation rather than an open-market purchase.

How many USPH shares does Peter Francis Minan hold after this Form 4?

After the reported restricted stock grant, Peter Francis Minan directly holds 2,431 shares of U.S. Physical Therapy Common Stock. This total includes the newly granted 2,306 restricted shares, which remain subject to time-based restrictions tied to his continued board service.

When do the restricted USPH shares granted to Peter Francis Minan vest?

The restrictions on Minan’s restricted USPH shares lapse in three tranches: 1,153 shares on August 20, 2026, 576 shares on November 20, 2026, and 577 shares on March 6, 2027, assuming he is still serving as a director on each respective date.

Is the USPH Form 4 transaction a stock purchase or a compensation grant?

The Form 4 for U.S. Physical Therapy reports a compensation grant, not an open-market stock purchase. The 2,306 shares were awarded as restricted stock under the company’s Amended and Restated 2003 Stock Incentive Plan to compensate director Peter Francis Minan.

Under what plan were the USPH restricted shares granted to Peter Francis Minan?

The 2,306 restricted shares were granted under U.S. Physical Therapy’s Amended and Restated 2003 Stock Incentive Plan. This plan provides equity-based compensation, and the shares are subject to restrictions that lapse over time if Minan continues serving as a company director.