The dollar amounts are too small to warrant a directional trade. Monitor for any acceleration in insider selling volume (e.g., >$5M in a week) or a cluster of C-suite open-market buys, which would be a stronger signal. NHC's next quarterly filing will provide the best read on fundamentals.
Price Chart
Executive Summary
Two top insiders at NHC (CEO Stephen Fowler Flatt and Senior VP & CIO Ben Anderson Flatt) sold a combined $593K in shares on August 19, 2026. The total represents just 0.017% of NHC's $3.4B market cap — a trivial amount that falls well below the materiality threshold. This is consistent with routine portfolio diversification and does not convey a bearish signal.
Key Financial Metrics
Key Facts
- CEO Stephen Fowler Flatt sold 1,500 shares at ~$237.08 for $356K
- Senior VP & CIO Ben Anderson Flatt sold 1,000 shares at ~$237.18 for $237K
- Total cluster value of $593K is 0.017% of NHC's $3.4B market cap
- Both sales occurred on the same day (2026-08-19), suggesting a shared liquidity event or blackout-window opening rather than coordinated bearish conviction
Financial Impact
Negligible — $593K in insider sales against a $3.4B market cap
Risk Factors
- Insider selling could accelerate ahead of a negative catalyst, but current levels are routine
- No material risk identified from this filing alone
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NHC-1788379729070 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 7w ago | Insider Cluster | $221.64 $227.66 | ▲ +2.72% | ▲ +3.90% | $212.83 (−3.97%) |
Aug 28, 2026 8w ago | Insider Cluster | $216.53 $224.16 | ▲ +3.52% | ▲ +3.71% | $212.83 (−1.71%) |
Aug 11, 2026 11w ago | 8-K | $216.69 $227.24 | ▲ +4.87% | ▲ +5.93% | $212.83 (−1.78%) |
Aug 11, 2026 11w ago | 8-K | $216.69 $227.24 | ▲ +4.87% | ▲ +5.93% | $212.83 (−1.78%) |
May 27, 2026 21w ago | 8-K | $184.84 $206.54 | ▲ +11.74% | ▲ +14.88% | $212.83 (+15.14%) |
May 22, 2026 22w ago | Insider Cluster | $190.00 $203.30 | ▲ +7.00% | ▲ +8.95% | $212.83 (+12.02%) |
May 22, 2026 22w ago | Insider Cluster | $190.00 $203.30 | ▲ +7.00% | ▲ +8.95% | $212.83 (+12.02%) |
May 21, 2026 22w ago | 144 | $196.00 $202.80 | ▲ +3.47% | ▲ +4.89% | $212.83 (+8.59%) |
May 15, 2026 23w ago | 8-K | $196.30 $191.97 | ▼ −2.21% | ▼ −3.79% | $212.83 (+8.42%) |
May 8, 2026 24w ago | 8-K | $188.82 $192.13 | ▲ +1.75% | ▲ +1.73% | $212.83 (+12.72%) |
US Market Status
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