Mike A. Marks - May 6, 2025 Form 4 Insider Report for HCA Healthcare, Inc. (HCA)

Role: EVP and CFO
Signature: /s/ Kevin A. Ball, Attorney-in-Fact
Stock symbol: HCA
Transactions as of: May 6, 2025
Transactions value $: $0
Form type: 4
Date filed: 5/8/2025, 06:40 PM
Previous filing: Feb 18, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Marks Mike A	EVP and CFO	ONE PARK PLAZA, NASHVILLE	/s/ Kevin A. Ball, Attorney-in-Fact	2025-05-08	0001961124

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HCA	Common Stock	Gift	$0	-466	-100%	$0.00	0	May 6, 2025	Direct
transaction	HCA	Common Stock	Gift	$0	+466		$0.00	466	May 6, 2025	By ML Trust
transaction	HCA	Common Stock	Other	-$102K	-288	-0.67%	$353.58	42.9K	May 6, 2025	By MAM 2020 Trust	F1
transaction	HCA	Common Stock	Other	$102K	+288		$353.58	288	May 6, 2025	Direct	F1
transaction	HCA	Common Stock	Gift	$0	-144	-50%	$0.00	144	May 6, 2025	Direct
transaction	HCA	Common Stock	Gift	$0	-181	-38.84%	$0.00	285	May 7, 2025	By ML Trust
transaction	HCA	Common Stock	Gift	$0	+181	+0.42%	$0.00	43.1K	May 7, 2025	By MAM 2020 Trust
transaction	HCA	Common Stock	Other	-$102K	-285	-100%	$356.84	0	May 7, 2025	By ML Trust	F2
transaction	HCA	Common Stock	Other	$102K	+285	+0.66%	$356.84	43.4K	May 7, 2025	By MAM 2020 Trust	F2
transaction	HCA	Common Stock	Gift	$0	-144	-100%	$0.00	0	May 7, 2025	Direct
holding	HCA	Common Stock						26.5K	May 6, 2025	By LAM 2020 Trust

Showing 1 to 11 of 11 entries

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to a power of substitution, on May 6, 2025, the Reporting Person transferred 288 shares of common stock of the Issuer from a trust account in exchange for assets of equal value. The transfer was made at a price per share equal to $353.575 (the average of the high and low prices of shares of common stock of the Issuer on May 6, 2025). The transfer resulted in a decrease in the number of shares the Reporting Person beneficially owns indirectly through the trust and a corresponding increase in the number of shares the Reporting Person beneficially owns directly, but therefore did not change the total number of shares of common stock of the Issuer of which the Reporting Person may be deemed to have beneficial ownership. The Reporting Person believes that the transfer of shares from the trust constitutes a change in form of beneficial ownership of such shares, exempted by Rule 16a-13 under the Securities Exchange Act of 1934.
F2	Pursuant to a power of substitution, on May 7, 2025, the Reporting Person transferred 285 shares of common stock of the Issuer and cash to a trust account in exchange for assets of equal value. The transfer was made at a price per share equal to $356.84 (the average of the high and low prices of shares of common stock of the Issuer on May 7, 2025). The transfer did not change the total number of shares of common stock of the Issuer of which the Reporting Person may be deemed to have beneficial ownership. The Reporting Person believes that the transfer of shares to the trust constitutes a change in form of beneficial ownership of such shares, exempted by Rule 16a-13 under the Securities Exchange Act of 1934.

Content

Pursuant to a power of substitution, on May 6, 2025, the Reporting Person transferred 288 shares of common stock of the Issuer from a trust account in exchange for assets of equal value. The transfer was made at a price per share equal to $353.575 (the average of the high and low prices of shares of common stock of the Issuer on May 6, 2025). The transfer resulted in a decrease in the number of shares the Reporting Person beneficially owns indirectly through the trust and a corresponding increase in the number of shares the Reporting Person beneficially owns directly, but therefore did not change the total number of shares of common stock of the Issuer of which the Reporting Person may be deemed to have beneficial ownership. The Reporting Person believes that the transfer of shares from the trust constitutes a change in form of beneficial ownership of such shares, exempted by Rule 16a-13 under the Securities Exchange Act of 1934.

Pursuant to a power of substitution, on May 7, 2025, the Reporting Person transferred 285 shares of common stock of the Issuer and cash to a trust account in exchange for assets of equal value. The transfer was made at a price per share equal to $356.84 (the average of the high and low prices of shares of common stock of the Issuer on May 7, 2025). The transfer did not change the total number of shares of common stock of the Issuer of which the Reporting Person may be deemed to have beneficial ownership. The Reporting Person believes that the transfer of shares to the trust constitutes a change in form of beneficial ownership of such shares, exempted by Rule 16a-13 under the Securities Exchange Act of 1934.