Brian F. Kidd - 21 Nov 2023 Form 4 Insider Report for NATIONAL HEALTHCARE CORP (NHC)

Role: SVP, Controller, PAO
Signature: /s/ Brian F. Kidd
Issuer symbol: NHC
Transactions as of: 21 Nov 2023
Net transactions value: -$16,117
Form type: 4
Filing time: 24 Nov 2023, 13:54:48 UTC
Previous filing: 09 Mar 2023
Next filing: 06 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NHC	Shares of Common Stock held in my name	Options Exercise	$238,763	+3,733	+19%	$63.96	23,888	21 Nov 2023	Direct	F1
transaction	NHC	Shares of Common Stock held in my name	Tax liability	$254,880	-3,296	-14%	$77.33	20,592	21 Nov 2023	Direct	F2, F3

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	NHC	Option to Purchase Common Stock	Options Exercise	$0	-3,733	-33%	$0.000000	7,467	21 Nov 2023	Common Stock	11,200	$63.96	Direct	F1
holding	NHC	Option to Purchase Common Stock						12,000	21 Nov 2023	Common Stock	12,000	$53.94	Direct

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

Explanation of Responses:

Id	Content
F1	These stock options were granted pursuant to the 2020 Omnibus Equity Incentive Plan on February 18, 2022. The grant and exercise of these stock options are exempt from Section 16(b) pursuant to Rule 16b-3(d).
F2	Shares were withheld by the Company to pay the exercise price and withholding tax obligations.
F3	Total amount of shares beneficially owned following transactions reported on this form.