NHC CLUSTER SEC Filing Analysis

Latest settled — T+5d

NHC ▼ -5.58% at T+5d

NEUTRAL call ✗ call lost -5.58% · α vs SPY -6.66% · entry $190.00 → $179.40

Next anchor: T+20d in 8d

Last close $197.72 (close Jun 12) · +4.06% from $190.00 entry

Entry anchored
May 22, 03:59 PM ET
via Databento tick

T+1d

+1.05%

call +1.05% · α +1.05%

$192.00

settled 20d ago

T+5d

-5.58%

call -5.58% · α -6.66%

$179.40

settled 14d ago

T+20d

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call — · α —

—

in 8d

T+60d

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call — · α —

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in 2mo

Price Chart

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Executive Summary

Two NHC insiders sold a total of $1.83M in open-market sales over a 7-day window, with the largest sale ($1.46M) by Director Richard LaRoche. The selling follows a material agreement (8-K filed May 15) to acquire five skilled nursing facilities for $50.5M, which may have informed the timing. The total sale value is 0.06% of NHC's $3.0B market cap, falling below the 0.1% threshold for routine activity, and the cluster includes a non-cash derivative exercise by the CIO. The selling is not amplified by the cluster effect per academic literature, as cluster sales are typically liquidity-driven.

Key Financial Metrics

Direction

selling

Total Value

$1.8M

Insiders

2

Actionable Insight

The insider selling is routine in size and pattern, with no C-suite participation. The derivative exercise by the CIO is non-cash and does not indicate a bearish view. Monitor the Q2 2026 closing of the $50.5M facility acquisition for any operational or credit impact, but this cluster alone does not warrant a trading response.

Key Facts

Director Richard LaRoche sold 7,500 shares at $195.14 for $1.46M on 2026-05-21
Sr. VP Operations Timothy Shelly sold 1,850 shares at $197.22 for $365K on 2026-05-19
CIO Ben Flatt exercised 8,000 derivative shares (non-cash) and surrendered 2,739 shares for tax withholding ($537K) on 2026-05-22
Total open-market sales: $1.83M, representing 0.06% of NHC's $3.0B market cap
The cluster follows a May 15 8-K announcing a $50.5M acquisition of five skilled nursing facilities from a related party

Financial Impact

Open-market sales total $1.83M, or 0.06% of market cap — trivial relative to company size

insider holdingsdilution

Risk Factors

Insider selling could accelerate if the acquisition closing reveals integration challenges
Related-party nature of the acquisition may raise governance concerns among investors

Market Snapshot

Exchange

NYSE

Sector

Services-Skilled Nursing Care Facilities

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-NHC-1779914192791

6 reports for NHC

T+1T+5T+20T+60

Filters

Reports for NHC — sortable, filterable
	Type				Now
May 27, 2026 18d ago	8-K NEUTRAL ★ 5/10	$184.84 $188.02	▲ +1.72%	▲ +1.40%	$197.72 (+6.97%)
May 22, 2026 23d ago	Insider Cluster NEUTRAL ★ 3/10	$190.00 $179.40	▼ −5.58%	▼ −6.66%	$197.72 (+4.06%)
May 22, 2026 23d ago	Insider Cluster NEUTRAL ★ 3/10	$190.00 $183.35	▼ −3.50%	▼ −4.71%	$197.72 (+4.06%)
May 21, 2026 24d ago	144 NEUTRAL ★ 4/10	$196.00 $179.40	▼ −8.47%	▼ −10.13%	$197.72 (+0.88%)
May 15, 2026 4w ago	8-K NEUTRAL ★ 4/10	$196.30 $190.00	▼ −3.21%	▼ −4.83%	$197.72 (+0.72%)
May 8, 2026 5w ago	8-K NEUTRAL ★ 4/10	$188.82 $197.96	▲ +4.84%	▲ +3.38%	$197.72 (+4.71%)

US Market Status

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