Stephen H. Lockhart - 07 May 2025 Form 4 Insider Report for NATIONAL RESEARCH CORP (NRC)

Role: Director
Signature: /s/ Stephen H. Lockhart, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Issuer symbol: NRC
Transactions as of: 07 May 2025
Net transactions value: $0
Form type: 4
Filing time: 09 May 2025, 17:05:48 UTC
Previous filing: 08 May 2025
Next filing: 02 Jul 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Lockhart Stephen H	Director	C/O NATIONAL RESEARCH CORPORATION, 1245 Q STREET, LINCOLN	/s/ Stephen H. Lockhart, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC	09 May 2025	0001856013

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NRC	Director Stock Option (Right to Buy)	Award	$0	+34,917		$0.000000	34,917	07 May 2025	Common Stock	34,917	$13.09	Direct	F1

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

Explanation of Responses:

Id	Content
F1	This award is an annual grant to the reporting person made under the Issuer's 2025 Omnibus Incentive Plan on the date of the Issuer's 2025 annual shareholder meeting. The award will vest and become exercisable on the date immediately preceding the date of the Issuer's next annual shareholder meeting, subject to vesting, forfeiture, and termination provisions.