Paola M. Arbour - 27 Feb 2026 Form 4 Insider Report for TENET HEALTHCARE CORP (THC)

Role: EVP, Chief Information Officer
Signature: Chad J. Wiener, as Attorney-in-fact for Paola M. Arbour
Issuer symbol: THC
Transactions as of: 27 Feb 2026
Net transactions value: -$2,188,797
Form type: 4
Filing time: 03 Mar 2026, 20:00:15 UTC
Previous filing: 26 Feb 2026
Next filing: 12 Mar 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Arbour Paola M	EVP, Chief Information Officer	14201 DALLAS PARKWAY, DALLAS	Chad J. Wiener, as Attorney-in-fact for Paola M. Arbour	03 Mar 2026	0001769862

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	THC	Common Stock	Options Exercise		+1,868	+4.6%		42,139	27 Feb 2026	Direct	F1
transaction	THC	Common Stock	Options Exercise		+2,799	+6.6%		44,938	27 Feb 2026	Direct	F1
transaction	THC	Common Stock	Tax liability	$118,552	-499	-1.1%	$237.58	44,439	27 Feb 2026	Direct	F2, F3
transaction	THC	Common Stock	Tax liability	$439,999	-1,838	-4.1%	$239.39	42,601	27 Feb 2026	Direct	F4, F5
transaction	THC	Common Stock	Tax liability	$1,630,246	-6,810	-16%	$239.39	35,791	27 Feb 2026	Direct	F2, F5

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	-1,868	-50%	$0.000000	1,869	27 Feb 2026	Common Stock	1,868		Direct	F6, F7
transaction	THC	2023 March Restricted Stock Units	Options Exercise	$0	-2,799	-100%	$0.000000	0	27 Feb 2026	Common Stock	2,799		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).