R. Scott Ramsey - 27 Feb 2026 Form 4 Insider Report for TENET HEALTHCARE CORP (THC)

Signature
Chad J. Wiener, as Attorney-in-fact for R. Scott Ramsey
Issuer symbol
THC
Transactions as of
27 Feb 2026
Net transactions value
-$2,872,613
Form type
4
Filing time
03 Mar 2026, 20:00:11 UTC
Previous filing
26 Feb 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Ramsey R. Scott Principal Accounting Officer 14201 DALLAS PARKWAY, DALLAS Chad J. Wiener, as Attorney-in-fact for R. Scott Ramsey 03 Mar 2026 0001558231

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THC Common Stock Options Exercise +934 +9.4% 10,825 27 Feb 2026 Direct F1
transaction THC Common Stock Options Exercise +1,400 +13% 12,225 27 Feb 2026 Direct F1
transaction THC Common Stock Tax liability $41,576 -175 -1.4% $237.58 12,050 27 Feb 2026 Direct F2, F3
transaction THC Common Stock Tax liability $219,999 -919 -7.6% $239.39 11,131 27 Feb 2026 Direct F4, F5
transaction THC Common Stock Tax liability $745,460 -3,114 -28% $239.39 8,017 27 Feb 2026 Direct F2, F5
transaction THC Common Stock Sale $490,832 -2,125 -27% $230.98 5,892 02 Mar 2026 Direct F9, F12
transaction THC Common Stock Sale $1,048,046 -4,494 -76% $233.21 1,398 02 Mar 2026 Direct F10, F12
transaction THC Common Stock Sale $326,699 -1,398 -100% $233.69 0 02 Mar 2026 Direct F11, F12

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 THC 2024 February Restricted Stock Units Options Exercise $0 -934 -50% $0.000000 935 27 Feb 2026 Common Stock 934 Direct F6, F7
transaction THC 2023 March Restricted Stock Units Options Exercise $0 -1,400 -100% $0.000000 0 27 Feb 2026 Common Stock 1,400 Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of performance share units.
F3 Represents the closing price of the common stock of the Issuer on the vesting date for the award.
F4 Shares withheld for payment of taxes upon vesting of restricted stock units in accordance with Rule 16b-3.
F5 Represents the closing price of the common stock of the Issuer on February 27, 2026.
F6 The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on February 28, 2024, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the second 1/3 increment vested on February 27, 2026 (the business day prior to February 28, 2026, which fell on a weekend).
F7 Time-based restricted stock units are settled in shares of the Company's common stock upon vesting.
F8 The restricted stock units were granted pursuant to the 2019 Stock Incentive Plan on March 1, 2023, vest equally in 1/3 increments on the first, second and third anniversaries of the grant date, and the third 1/3 increment vested on February 27, 2026 (the business day prior to March 1, 2026, which fell on a weekend).
F9 The price is the weighted average sales price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $230.78 to $231.68.
F10 The price is the weighted average sales price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $232.52 to $233.32.
F11 The price is the weighted average sales price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $233.60 to $234.28.
F12 The reporting person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.