US Physical Therapy (NYSE: USPH) CFO covers taxes with 40 shares

Rhea-AI Filing Summary

U S PHYSICAL THERAPY INC /NV (USPH) reported that officer CURTIS JASON TRAVIS, Interim CFO, surrendered 40 shares of common stock on August 20, 2026 to the issuer to satisfy tax withholding obligations upon vesting of equity awards, at a reference price of $78.00 per share. After this tax-withholding disposition, he directly holds 3,853 shares of common stock, including 3,425 shares of restricted stock that will vest in scheduled tranches between November 20, 2026 and March 6, 2030, contingent on continued service.

Insider Trade Summary

Net Seller: 40 shares

Net Sell 1 txn

Insider CURTIS JASON TRAVIS

Role Interim CFO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1, F2	40	$78.00	$3K

Holdings After Transaction: Common Stock — 3,853 shares (Direct)

Footnotes (2)

1. F1. The reporting person surrendered shares to the issuer to satisfy applicable tax withholding obligations upon vesting.
2. F2. Includes 3,425 shares of common stock subject to vesting restrictions. The shares were granted as restricted stock pursuant to the Company's Amended and Restated 2003 Stock Incentive Plan. Restrictions lapse as follows: 171 shares vest on each of November 20, 2026, and March 6, 2027, 1,250 shares vest on May 15, 2027, 171 shares vest on each of May 20, 2027, August 20, 2027, November 20, 2027, March 6, 2028, May 20, 2028, August 20, 2028, November 20, 2028, and March 6, 2029, 178 shares vest on May 20, 2029, 93 shares vest on each of August 20, 2029 and November 20, 2029, and 101 shares vest on March 6, 2030. Vesting is contingent upon the reporting person's continued service with the Company through each applicable vesting date.

Key Figures

Shares surrendered for tax withholding: 40 shares Reference price per share: $78.0000 per share Shares owned after transaction: 3,853 shares +3 more

6 metrics

Shares surrendered for tax withholding 40 shares Common Stock surrendered on August 20, 2026 to satisfy tax withholding obligations

Reference price per share $78.0000 per share Used in the tax-withholding disposition of 40 shares on August 20, 2026

Shares owned after transaction 3,853 shares Direct holdings of Common Stock following the August 20, 2026 transaction

Restricted stock included in holdings 3,425 shares Common stock subject to vesting restrictions under the Stock Incentive Plan

First vesting tranche 171 shares Restricted stock vesting on November 20, 2026, contingent on continued service

Key vesting end date March 6, 2030 Final scheduled vesting date for a 101-share restricted stock tranche

Key Terms

restricted stock, vesting restrictions, tax withholding obligations, Stock Incentive Plan, +1 more

5 terms

restricted stock financial

"Includes 3,425 shares of common stock subject to vesting restrictions."

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.

vesting restrictions financial

"Includes 3,425 shares of common stock subject to vesting restrictions."

tax withholding obligations financial

"surrendered shares to the issuer to satisfy applicable tax withholding obligations"

Stock Incentive Plan financial

"granted as restricted stock pursuant to the Company's Amended and Restated 2003 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.

vesting is contingent financial

"Vesting is contingent upon the reporting person's continued service with the Company"

FAQ

What insider transaction did USPH Interim CFO CURTIS JASON TRAVIS report on this Form 4?

He reported surrendering 40 shares of USPH common stock on August 20, 2026 to the issuer to satisfy tax withholding obligations upon vesting of equity awards, using a reference price of $78.00 per share. This was not an open-market sale.

How many USPH shares does CURTIS JASON TRAVIS hold after the reported transaction?

After the transaction, he directly holds 3,853 shares of USPH common stock. This amount includes 3,425 shares of restricted stock that remain subject to vesting conditions over future dates.

What portion of CURTIS JASON TRAVIS’s USPH holdings is restricted stock?

He holds 3,425 shares of USPH common stock as restricted stock, subject to vesting restrictions. These shares were granted under the company’s Amended and Restated 2003 Stock Incentive Plan and vest in multiple tranches through March 6, 2030.

Why were the 40 USPH shares surrendered by CURTIS JASON TRAVIS?

The 40 shares were surrendered to the issuer to satisfy applicable tax withholding obligations arising when restricted stock vested. This is reflected with transaction code F, which denotes payment of tax liability by delivering or withholding securities.

What is the vesting schedule for CURTIS JASON TRAVIS’s USPH restricted stock?

The 3,425 restricted shares vest in installments from November 20, 2026 through March 6, 2030, including several 171-share and other specified tranches, and remain contingent on his continued service with the company through each vesting date.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/24/2026 - 07:09 PM Accepted by SEC EDGAR 08/24/2026 - 07:09 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^*

CURTIS JASON TRAVIS

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2026

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	08/20/2026		F		40(1)	D	$78	3,853(2)	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. The reporting person surrendered shares to the issuer to satisfy applicable tax withholding obligations upon vesting.

2. Includes 3,425 shares of common stock subject to vesting restrictions. The shares were granted as restricted stock pursuant to the Company's Amended and Restated 2003 Stock Incentive Plan. Restrictions lapse as follows: 171 shares vest on each of November 20, 2026, and March 6, 2027, 1,250 shares vest on May 15, 2027, 171 shares vest on each of May 20, 2027, August 20, 2027, November 20, 2027, March 6, 2028, May 20, 2028, August 20, 2028, November 20, 2028, and March 6, 2029, 178 shares vest on May 20, 2029, 93 shares vest on each of August 20, 2029 and November 20, 2029, and 101 shares vest on March 6, 2030. Vesting is contingent upon the reporting person's continued service with the Company through each applicable vesting date.

	/s/ Kate Venturina, as attorney-in-fact	08/24/2026
	** 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)