Jona S. Raasch - 29 Sep 2022 Form 4 Insider Report for NATIONAL RESEARCH CORP (NRC)

Role: COO, NRC Health
Signature: /s/ Jona S. Raasch, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Issuer symbol: NRC
Transactions as of: 29 Sep 2022
Net transactions value: -$190,288
Form type: 4
Filing time: 03 Oct 2022, 13:33:31 UTC
Previous filing: 06 Jan 2022
Next filing: 05 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NRC	Common Stock	Options Exercise	$310,562	+23,581		$13.17	23,581	29 Sep 2022	Direct
transaction	NRC	Common Stock	Tax liability	$500,850	-12,318	-52%	$40.66	11,263	29 Sep 2022	Direct
holding	NRC	Common Stock						50,619	29 Sep 2022	By trust

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	NRC	Employee Stock Option (Right to Buy)	Options Exercise	$0	-23,581	-100%	$0.000000^*	0	29 Sep 2022	Common Stock	23,581	$13.17	Direct	F1

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

Explanation of Responses:

Id	Content
F1	This option became fully exercisable on January 6, 2020.