Phillip G. Billington - 10 Nov 2023 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: 10 Nov 2023
Net transactions value: -$875,259
Form type: 4
Filing time: 14 Nov 2023, 18:16:41 UTC
Previous filing: 22 Feb 2023
Next filing: 02 Feb 2024
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	$576,839	+12,025	+27%	$47.97^*	56,097	10 Nov 2023	Direct	F1
transaction	HCA	Common Stock	Tax liability	$1,452,098	-6,237	-11%	$232.82	49,860	10 Nov 2023	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	-6,500	-100%	$0.000000^*	0	10 Nov 2023	Common Stock	6,500	$47.97	Direct	F2
transaction	HCA	Stock Appreciation Right	Options Exercise	$0	-5,525	-100%	$0.000000^*	0	10 Nov 2023	Common Stock	5,525	$47.97	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Includes 2,283.4544 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 5, 2015.
F3	The stock appreciation rights vested at the end of fiscal years 2014, 2015, 2016 and 2017 based upon the achievement of certain annual EBITDA performance targets.