Adams W Andrew - Sep 27, 2024 Form 4 Insider Report for NATIONAL HEALTHCARE CORP (NHC)

Role
Director
Signature
/s/ W. Andrew Adams by Kristina R. Hulsey, P.O.A.
Stock symbol
NHC
Transactions as of
Sep 27, 2024
Transactions value $
$0
Form type
4
Date filed
10/17/2024, 04:27 PM
Previous filing
May 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NHC Shares of Common Stock - Adams Grandchildren's Trust Other $0 -2.31K -100% $0.00 0 Sep 27, 2024 Trustee F1
holding NHC Shares of Common Stock - WAA Exempt Trust 400K Sep 27, 2024 Direct
holding NHC Shares of Common Stock - Revocable Living Trust 262K Sep 27, 2024 Direct
holding NHC Shares of Common Stock - Adams Family Foundation II 35.4K Sep 27, 2024 Trustee

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
holding NHC Option to Purchase Common Stock [2020 Grant] 7.5K Sep 27, 2024 Common Stock 7.5K $64.64 Direct
holding NHC Option to Purchase Common Stock [2021 Grant] 7.5K Sep 27, 2024 Common Stock 7.5K $71.64 Direct
holding NHC Option to Purchase Common Stock [2022 Grant] 7.5K Sep 27, 2024 Common Stock 7.5K $69.19 Direct
holding NHC Option to Purchase Common Stock [2023 Grant] 7.5K Sep 27, 2024 Common Stock 7.5K $55.75 Direct
holding NHC Option to Purchase Common Stock [2024 Grant] 7.5K Sep 27, 2024 Common Stock 7.5K $96.03 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Adams serves as trustee of the Trust of which his children are beneficiaries. On September 27, 2024, Mr. Adams, in his capacity as trustee, caused the trust to distribute 2,307 shares of NHC common stock to the trust's beneficiaries as part of his estate planning. The shares remain subject to a Lock-Up Agreement, which continues to apply to recipients of the stock.