Phillip G. Billington - 08 Nov 2021 Form 4 Insider Report for HCA Healthcare, Inc. (HCA)

Role: SVP-Internal Audit Services
Signature: /s/ Kevin A. Ball, Attorney-in-Fact
Issuer symbol: HCA
Transactions as of: 08 Nov 2021
Net transactions value: -$3,358,854
Form type: 4
Filing time: 10 Nov 2021, 18:03:02 UTC
Next filing: 01 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HCA	Common Stock	Options Exercise	$344,250	+15,000	+40%	$22.95^*	52,109	08 Nov 2021	Direct	F1
transaction	HCA	Common Stock	Tax liability	$1,671,007	-6,748	-13%	$247.63	45,361	08 Nov 2021	Direct	F1
transaction	HCA	Common Stock	Sale	$2,032,096	-8,252	-18%	$246.26	37,109	10 Nov 2021	Direct	F1

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	HCA	Stock Appreciation Right	Options Exercise	$0	-7,500	-100%	$0.000000^*	0	08 Nov 2021	Common Stock	7,500	$22.95	Direct	F2
transaction	HCA	Stock Appreciation Right	Options Exercise	$0	-7,500	-100%	$0.000000^*	0	08 Nov 2021	Common Stock	7,500	$22.95	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Includes 2,049.427 shares acquired under the HCA Holdings, Inc. Employee Stock Purchase Plan.
F2	The stock appreciation rights vested in four equal annual installments beginning on February 8, 2013.
F3	The stock appreciation rights vested at the end of fiscal years 2012, 2013, 2014 and 2015 based upon the achievement of certain annual EBITDA performance targets.