Saumya Sutaria - 27 Feb 2026 Form 4 Insider Report for TENET HEALTHCARE CORP (THC)

Role: CEO, Director
Signature: Chad J. Wiener, as Attorney-in-fact for Saumya Sutaria
Issuer symbol: THC
Transactions as of: 27 Feb 2026
Net transactions value: -$39,281,462
Form type: 4
Filing time: 03 Mar 2026, 20:01:03 UTC
Previous filing: 26 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Sutaria Saumya	CEO, Director	14201 DALLAS PARKWAY, DALLAS	Chad J. Wiener, as Attorney-in-fact for Saumya Sutaria	03 Mar 2026	0001760857

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	THC	Common Stock	Options Exercise		+22,417	+3.5%		661,340	27 Feb 2026	Direct	F1
transaction	THC	Common Stock	Options Exercise		+36,384	+5.5%		697,724	27 Feb 2026	Direct	F1
transaction	THC	Common Stock	Tax liability	$2,205,218	-9,282	-1.3%	$237.58	688,442	27 Feb 2026	Direct	F2, F3
transaction	THC	Common Stock	Tax liability	$7,162,309	-29,919	-4.3%	$239.39	658,523	27 Feb 2026	Direct	F4, F5
transaction	THC	Common Stock	Tax liability	$29,913,935	-124,959	-19%	$239.39	533,564	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	2026 February Restricted Stock Units	Award	$0	+36,092		$0.000000	36,092	27 Feb 2026	Common Stock	36,092		Direct	F6
transaction	THC	2024 February Restricted Stock Units	Options Exercise	$0	-22,417	-50%	$0.000000	22,417	27 Feb 2026	Common Stock	22,417		Direct	F7, F8
transaction	THC	2023 March Restricted Stock Units	Options Exercise	$0	-36,384	-100%	$0.000000	0	27 Feb 2026	Common Stock	36,384		Direct	F8, F9

* 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	These time-based restricted stock units vest in one-third increments on each of the first, second and third anniversaries of the date of grant. Restricted stock units are settled in shares of the Company's common stock upon vesting.
F7	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).
F8	Time-based restricted stock units are settled in shares of the Company's common stock upon vesting.
F9	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).