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HCAHCA Healthcare · Insider ownership research

HCA Healthcare insiders sold $31.1M in the past 12 months. How much of their stake is that?

About 0.6% overall. As a group they ended with more shares than they started with. The biggest individual seller, Samuel Hazen, sold shares equal to 3.2% of starting holdings, but more vested, so the stake grew. These figures leave out William Frist, the largest holder (most holdings were last confirmed in 2021).

Updated Oct 9, 2026 from SEC filings · covers Oct 10, 2025 to Oct 9, 2026
How this comparesMore of their stake sold than at 98 of the 490 other companies we can measure (#393 of 491)See ranking
0
buyers among officers and directors, past 12 months
0%
of sales were under disclosed trading plans, past 12 months
5 of 19
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 10, 2026 to Oct 9, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

May 7, 2026Mike Marks gave away 3.3K shares as a gift. That is 4.4% of the total stake held that day.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Mike Marks
EVP and CFO
3,336n/a4.4%73KMay 7, 2026May 11, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? Less than usual: about a quarter of the 5-year average. 5 insiders sold; the average is 12 a year. Year by year
Latest filing: Filed Aug 28 for a transaction on Aug 26. Michael McAlevey reported a change in holdings. Filing
42 SEC ownership filings in the period · See the evidence

What stands out

Jennifer Berres sold 52% of vested holdings: 8K shares for $4.1M, none under a disclosed plan.Largest sale, Feb 11, 2026
Three officers sold $26.3M with no disclosed plan: Samuel Hazen ($21.5M, 3.2% of holdings), Michael McAlevey ($2.7M) and Christopher Wyatt ($2.0M, 9.7%). The filings don't state a reason.Samuel Hazen: largest such sale, Feb 3, 2026 · Michael McAlevey: largest such sale, Nov 5, 2025 · Christopher Wyatt: largest such sale, Feb 11, 2026
Three officers sold shares but ended with larger stakes, because more shares came in than were sold: Samuel Hazen (sold 43K, 3.2% of starting holdings; 197K added), Christopher Wyatt (sold 4K, 9.7% of starting holdings; 14K added) and Michael Cuffe (sold 1.5K, 4.8% of starting holdings; 9.6K added).Samuel Hazen: largest sale, Feb 3, 2026 · Christopher Wyatt: largest sale, Feb 11, 2026 · Michael Cuffe: largest sale, Feb 3, 2026

Percentages cover 17 of 19 officers and directors. Left out: William Frist (most holdings were last confirmed in 2021); Michael McAlevey (most of their shares vested during the period, so a percentage would mislead). Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is 100% of that person's own stake; not comparable between people. The stake is the vested shares held at the start of the period (Oct 9, 2025); the gold part is what they sold.

SoldRest of starting stakeAdded during the period
Samuel Hazen
CEO, Director
Sold 3.2%, but 142K shares were added (mostly vesting), so the stake grew
3.2% · $21.5MNo plan disclosed
Jennifer Berres
SVP & Chief Human Res. Officer
52% · $4.1MNo plan disclosed
Michael McAlevey
EVP & Chief Legal & Admin Off.
Sold $2.7M (plan status beside the amount). That is 34% of the shares held or received (after tax withholding) during the period†. A share of the starting stake is not shown: most of these shares arrived during the period. Why
$2.7MNo plan disclosed
Christopher Wyatt
SVP & Controller
Sold 9.7%, but 11K shares were added (mostly vesting), so the stake grew
9.7% · $2.0MNo plan disclosed
Michael Cuffe
EVP and Chief Clinical Officer
4.8% · $747KNo plan disclosed
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

No plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNov 2025: $1.8M no plan disclosedNovDecJanFeb 2026: $29.3M no plan disclosed$29.3MFebMarAprMayJunJulAugSepOct

Outside holders, reported separately

Patricia Elcan, Thomas Frist Jr. and William Frist and 1 more reported no open-market sales in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the HCA Healthcare CEO selling stock?

Yes. Samuel Hazen sold 43K shares ($21.5M, 3.2% of starting holdings) in the past 12 months, none of it under a trading plan disclosed in the filings.

Why are HCA Healthcare insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any HCA Healthcare insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

How much of their stake did HCA Healthcare insiders sell?

About 0.6% overall. As a group they ended with more shares than they started with. The biggest individual seller, Samuel Hazen, sold shares equal to 3.2% of starting holdings, but more vested, so the stake grew. These figures leave out William Frist, the largest holder (most holdings were last confirmed in 2021). That covers the 12 months to Oct 9, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold5 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Samuel Hazen
CEO, Director
$21.5M
43K shares
3.2%No plan disclosed
Jennifer Berres
SVP & Chief Human Res. Officer
$4.1M
8K shares
52%No plan disclosed
Michael McAlevey
EVP & Chief Legal & Admin Off.
$2.7M
5.6K shares
34%†
i
† Most of the shares Michael McAlevey sold arrived during the period, so this is shares sold as a share of the 5.6K held at the start plus the 27K received, less 16K withheld by the company for taxes.
No plan disclosed
Christopher Wyatt
SVP & Controller
$2.0M
4K shares
9.7%No plan disclosed
Michael Cuffe
EVP and Chief Clinical Officer
$747K
1.5K shares
4.8%No plan disclosed

Board members representing outside shareholders, reported separately: Thomas Frist Jr., William Frist, Thomas Frist III. Details

Outside holder, reported separately: Patricia Elcan (a 10% owner, not part of management). No open-market sales reported in the period. Latest filing

The full ownership picture19 of 19 insiders fully reconciled · 19 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 9, 2025SoldHeld Oct 9, 2026Still held
William Frist
!
Most of this insider's holdings were last confirmed in 2021. Confirmed in the last three years: 49,248,595 shares. Not confirmed since: 50,456,441 shares, left out of this row. "Still held" is not shown because it would cover only the smaller, confirmed part.
Director
12.29M049.25Msee note
Vesting, gifts, unvested awards and holding lines for William Frist
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
  • Unexplained small increases, consistent with stock unit vesting or reinvested dividends.
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
  • Held through Held indirectly through Frisco Partners; the director disclaims ownership beyond their own interest.
  • Shares held through Held indirectly by WRF 2015 II, LLC, Held indirectly by WRF 2015, LLC, Held indirectly through Hercules Holding II by Frisco, Inc and others belong to an outside shareholder this director represents; they are listed under "Board members representing outside shareholders", not here.
Held throughShare classOct 9, 2025Oct 9, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock, par value $0.01 per share12,93113,740
Held indirectly by the William R. Frist 2010 Family TrustCommon Stock, par value $0.01 per share7,072,8277,072,827
Held indirectly by Trusts for ChildrenCommon Stock, par value $0.01 per share3,982,9983,982,998
Held indirectly by the William R. Frist Family PartnershipCommon Stock, par value $0.01 per share1,208,5071,208,507
Held indirectly by Spouse and ChildrenCommon Stock, par value $0.01 per share10,43710,437
Frisco Holding IICommon Stock, par value $0.01 per share036,557,141
spouse and childrenCommon Stock, par value $0.01 per share01,416
trustsCommon Stock, par value $0.01 per share0340,852
family partnershipsCommon Stock, par value $0.01 per share060,678

Additional holdings last reported Apr 28, 2021, not confirmed since: 50,456,441 shares. Not included in any total or percentage on this page.

Reconciliation: minor difference of 37,032,134 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Thomas Frist III
i
Minor difference of 68,912,077 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer). Additional holdings last reported more than 3 years ago are shown separately and excluded from totals. Held through Held indirectly through Frisco Partners; the director disclaims ownership beyond their own interest. Shares held through Held indirectly through Hercules Holding II by Frisco, Inc, Held indirectly through Hercules Holding II, LLC by Frisco Partners belong to an outside shareholder this director represents; they are listed under "Board members representing outside shareholders", not here.
Director
7.02M075.87Mno sales
Vesting, gifts, unvested awards and holding lines for Thomas Frist III
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
  • Held through Held indirectly through Frisco Partners; the director disclaims ownership beyond their own interest.
  • Shares held through Held indirectly through Hercules Holding II by Frisco, Inc, Held indirectly through Hercules Holding II, LLC by Frisco Partners belong to an outside shareholder this director represents; they are listed under "Board members representing outside shareholders", not here.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock, par value $0.01 per share14,81715,858
Held indirectly through Hercules Holding IICommon Stock, par value $0.01 per share3,590,0193,590,019
Held indirectly through Hercules Holding II by Trusts for ChildrenCommon Stock, par value $0.01 per share2,376,8202,376,820
Held indirectly through Hercules Holding II by Thomas F. Frist III 2007 Family TrustCommon Stock, par value $0.01 per share1,033,5281,033,528
Held indirectly through Hercules Holding II by SpouseCommon Stock, par value $0.01 per share9,4979,497
Frisco Holding IICommon Stock, par value $0.01 per share036,557,141
Hercules Holding IICommon Stock, par value $0.01 per share032,282,889

Additional holdings last reported Apr 28, 2021, not confirmed since: 71,697,416 shares. Not included in any total or percentage on this page.

Reconciliation: minor difference of 68,912,077 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Samuel Hazen
i
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals. New Form 3 filed 2008-04-29; earlier filings set aside.
CEO, Director
1.33M−43K1.38M+3.6%
Vesting, gifts, unvested awards and holding lines for Samuel Hazen
+142Kshares vested or exercised
−15Kgifted (net of own trusts)
−91Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
  • New Form 3 filed 2008-04-29; earlier filings set aside.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock145,51864,842
LPCommon Stock813,320813,320
2024 GRATCommon Stock250,000178,289
2023 TrustCommon Stock93,08893,088
2023 GST TrustCommon Stock16,73116,731
HD TrustCommon Stock14,97916,024
2025 GRATCommon Stock0200,000

Additional holdings last reported Feb 19, 2020, not confirmed since: 576,775 shares. Not included in any total or percentage on this page.

Thomas Frist Jr.
i
Minor difference of 36,701,235 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer). Additional holdings last reported more than 3 years ago are shown separately and excluded from totals. New Form 3 filed 2008-04-29; earlier filings set aside. Held through Held indirectly through Frisco Partners; the director disclaims ownership beyond their own interest. Shares held through HERCULES HOLDING II, Held indirecly through Hercules Holding II, LLC by the Thomas F. Frist GST Tax Exempt Fund, Held indirectly through Hercules Holding II, LLC and others belong to an outside shareholder this director represents; they are listed under "Board members representing outside shareholders", not here.
10% owner
479K037.04Mno sales
Vesting, gifts, unvested awards and holding lines for Thomas Frist Jr.
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
  • New Form 3 filed 2008-04-29; earlier filings set aside.
  • Held through Held indirectly through Frisco Partners; the director disclaims ownership beyond their own interest.
  • Shares held through HERCULES HOLDING II, Held indirecly through Hercules Holding II, LLC by the Thomas F. Frist GST Tax Exempt Fund, Held indirectly through Hercules Holding II, LLC and others belong to an outside shareholder this director represents; they are listed under "Board members representing outside shareholders", not here.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock, par value $0.01 per share478,955478,955
Frisco Holding IICommon Stock, par value $0.01 per share036,557,141

Additional holdings last reported May 2, 2022, not confirmed since: 36,357,448 shares. Not included in any total or percentage on this page.

Reconciliation: minor difference of 36,701,235 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Jon Foster
i
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
EVP and COO
171K0195Kno sales
Vesting, gifts, unvested awards and holding lines for Jon Foster
+29Kshares vested or exercised
0gifted (net of own trusts)
−22Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock11,56623,062
LCF Trust (Reporting Person, Trustee)Common Stock72,30872,308
JMF Trust (Spouse and Robert Nagel, Co-Trustees)Common Stock67,59567,595
JMF Family Trust (Spouse, Trustee)Common Stock19,98519,985
2025 GRATCommon Stock011,566

Additional holdings last reported May 6, 2020, not confirmed since: 64,008 shares. Not included in any total or percentage on this page.

Mike Marks
EVP and CFO
70K073Kno sales
Vesting, gifts, unvested awards and holding lines for Mike Marks
0shares vested or exercised
−165gifted (net of own trusts)
−1.7Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock00
MAM 2020 TrustCommon Stock43,40546,576
LAM 2020 TrustCommon Stock26,50026,500
Christopher Wyatt
SVP & Controller
41K−4K44K+8.1%
Vesting, gifts, unvested awards and holding lines for Christopher Wyatt
+11Kshares vested or exercised
0gifted (net of own trusts)
−6.7Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock41,06744,379
Michael Cuffe
EVP and Chief Clinical Officer
32K−1.5K32K+1.8%
Vesting, gifts, unvested awards and holding lines for Michael Cuffe
0shares vested or exercised
−4Kgifted (net of own trusts)
−3.5Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock31,50332,080
Robert Dennis
Director
27K027Kno sales
Vesting, gifts, unvested awards and holding lines for Robert Dennis
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock26,60126,601
Nancy Deparle
Director
21K022Kno sales
Vesting, gifts, unvested awards and holding lines for Nancy Deparle
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock21,40121,910
Jennifer Berres
SVP & Chief Human Res. Officer
15K−8K12K78%
Vesting, gifts, unvested awards and holding lines for Jennifer Berres
0shares vested or exercised
0gifted (net of own trusts)
−2.5Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock15,41211,993
Wayne Riley
Director
15K015Kno sales
Vesting, gifts, unvested awards and holding lines for Wayne Riley
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock14,52015,029
Michael Michelson
i
New Form 3 filed 2018-01-24; earlier filings set aside.
Director
12K013Kno sales
Vesting, gifts, unvested awards and holding lines for Michael Michelson
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • New Form 3 filed 2018-01-24; earlier filings set aside.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock11,65112,576
Erica Rossitto
i
Started reporting during the period; starting holdings are from the Form 3.
SVP & Chief Nurse Executive
9.1K010Kno sales
Vesting, gifts, unvested awards and holding lines for Erica Rossitto
0shares vested or exercised
0gifted (net of own trusts)
−418withheld by the company for taxes
428 → 428unvested awards, start → end
  • Started reporting during the period; starting holdings are from the Form 3.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock9,14910,407
Michael Schlosser
i
Started reporting during the period; starting holdings are from the Form 3.
EVP and Chief Clinical Officer
7.1K07.1Kno sales
Vesting, gifts, unvested awards and holding lines for Michael Schlosser
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Started reporting during the period; starting holdings are from the Form 3.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock170170
2022 TrustCommon Stock6,9516,951
Michael McAlevey
i
Minor difference of 7,769 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).
EVP & Chief Legal & Admin Off.
5.6K−5.6K11Knot meaningful
Vesting, gifts, unvested awards and holding lines for Michael McAlevey
+18Kshares vested or exercised
0gifted (net of own trusts)
−16Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock2,6961,084
2024 GRATCommon Stock2,9022,111
managed accountCommon Stock2626
2026 GRATCommon Stock00
2026 GRAT IICommon Stock07,769

Reconciliation: minor difference of 7,769 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Andrea Smith
Director
4.2K04.7Kno sales
Vesting, gifts, unvested awards and holding lines for Andrea Smith
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock4,1574,666
managed accountsCommon Stock8282
Hugh Johnston
Director
3.7K04.5Kno sales
Vesting, gifts, unvested awards and holding lines for Hugh Johnston
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock3,6664,475
John Chidsey
Director
52401.3Kno sales
Vesting, gifts, unvested awards and holding lines for John Chidsey
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock4961,305
SpouseCommon Stock2525
managed accountCommon Stock33

19 of 19 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (15 exactly, 4 with a minor or footnoted difference). Percentages cover 17 of 19 officers and directors. Left out: William Frist (most holdings were last confirmed in 2021); Michael McAlevey (most of their shares vested during the period, so a percentage would mislead). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$31.1M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $31.1M across 61,983 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $31.1M

Sales with no 10b5-1 plan and no tax reference in the filing. $21.5M of it is Samuel Hazen. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Samuel Hazen, Feb 3, 2026

Taxes

143,365 shares ($70.2M) were withheld by the company for taxes, which isn't a market sale.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Samuel Hazen
CEO, Director
43K$21.5M0%69%Feb 3, 2026 to Feb 3, 2026
Jennifer Berres
SVP & Chief Human Res. Officer
8K$4.1M0%13%Feb 11, 2026 to Feb 11, 2026
Michael McAlevey
EVP & Chief Legal & Admin Off.
5.6K$2.7M0%9%Nov 5, 2025 to Feb 18, 2026
Christopher Wyatt
SVP & Controller
4K$2.0M0%6%Feb 11, 2026 to Feb 11, 2026
Michael Cuffe
EVP and Chief Clinical Officer
1.5K$747K0%2%Feb 3, 2026 to Feb 3, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$1.8M$0$0$1.8M
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$29.3M$0$0$29.3M
Mar 2026$0$0$0$0
Apr 2026$0$0$0$0
May 2026$0$0$0$0
Jun 2026$0$0$0$0
Jul 2026$0$0$0$0
Aug 2026$0$0$0$0
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Board members representing outside shareholders (3)Listed and sourced; not part of the management totals or the answer line

Directors whose reported holdings sit mostly in an investment fund or a corporate shareholder they represent, not in their own name, with beneficial ownership disclaimed except for their own financial interest. Listed and sourced here; not part of the management totals or the answer line. Shares a fund hands to its own investors are distributions, not sales.

Board memberHeld Oct 9, 2025SoldHeld Oct 9, 2026Still held
Thomas Frist Jr.
!
Holdings couldn't be fully reconciled. A footnote describes a transfer or distribution between related entities, but the amounts could not be matched to the balance change. Largest: -30,451,678 shares on Feb 6, 2026 (HERCULES HOLDING II). See the filing Sales and other transactions for Thomas Frist Jr. are complete.
10% owner
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Thomas Frist Jr.
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
  • New Form 3 filed 2008-04-29; earlier filings set aside.

Holdings couldn't be fully reconciled. A footnote describes a transfer or distribution between related entities, but the amounts could not be matched to the balance change. Largest: -30,451,678 shares on Feb 6, 2026 (HERCULES HOLDING II). The balances below are as reported, not verified totals.

Held throughShare classOct 9, 2025Oct 9, 2026
HERCULES HOLDING IICommon Stock, par value $0.01 per share99,363,75532,282,889

Additional holdings last reported May 2, 2022, not confirmed since: 123,669,415 shares. Not included in any total or percentage on this page.

William Frist
i
Minor difference of 32,282,889 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer). Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Director
40.72M073.00Mno sales
Vesting, gifts, unvested awards and holding lines for William Frist
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
Held indirectly through Hercules Holding II by Frisco, IncCommon Stock, par value $0.01 per share36,629,16436,629,164
Held indirectly by WRF 2015, LLCCommon Stock, par value $0.01 per share1,574,8971,574,897
Held indirectly through Hercules Holding II by WRF 2015, LLCCommon Stock, par value $0.01 per share1,225,7401,225,740
Held indirectly through Hercules Holding II, LLCCommon Stock, par value $0.01 per share941,765941,765
Held indirectly through Hercules Holding II by WRF 2015 IV, LLCCommon Stock, par value $0.01 per share200,644200,644
Held indirectly by WRF 2015 II, LLCCommon Stock, par value $0.01 per share148,513148,513
Hercules Holding IICommon Stock, par value $0.01 per share032,282,889

Additional holdings last reported May 1, 2020, not confirmed since: 17,952,638 shares. Not included in any total or percentage on this page.

Reconciliation: minor difference of 32,282,889 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Thomas Frist III
i
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Director
36.63M036.63Mno sales
Vesting, gifts, unvested awards and holding lines for Thomas Frist III
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
Held indirectly through Hercules Holding II by Frisco, IncCommon Stock, par value $0.01 per share36,629,16436,629,164

Additional holdings last reported Apr 30, 2010, not confirmed since: 17,804,125 shares. Not included in any total or percentage on this page.

Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about a quarter of the 5-year average. 5 insiders sold; the average is 12 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 9, 2026
Latest 12 months
62K5$31.1M
Oct 9, 2025
1 year earlier
37K6$13.4M
Oct 9, 2024
2 years earlier
64K9$21.2M
Oct 10, 2023
3 years earlier
162K16$41.0M
Oct 10, 2022
4 years earlier
182K11$45.8M
Oct 10, 2021
5 years earlier
908K18$166M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertaintyEvery officer and director reconciles

Every officer and director reconciles for this period.

William Frist: minor difference of 37,032,134 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Thomas Frist III: minor difference of 68,912,077 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Thomas Frist Jr.: minor difference of 36,701,235 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Michael McAlevey: minor difference of 7,769 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Inferred rename: "GRAT" is treated as the same holder as "GRAT (Spouse, Trustee)", because the old name was never reported again and the new one opened with the same balance (81,483 shares). Old name, new name

Inferred rename: "2009 Trust" is treated as the same holder as "2023 GST Trust", because the old name was never reported again and the new one opened with the same balance (4,647 shares). Old name, new name

Inferred rename: "2013 GRAT (Spouse, Trustee)" is treated as the same holder as "2014 GRAT (Spouse, Trustee)", because the old name was never reported again and the new one opened with the same balance (76,598 shares). Old name, new name

Inferred rename: "Held indirectly through Frisco, Inc" is treated as the same holder as "Held indirectly through Frisco Partners", because the old name was never reported again and the new one opened with the same balance (17,804,125 shares). Old name, new name

Inferred rename: "Held indirectly through Frisco Partners" is treated as the same holder as "Held indirectly through Hercules Holding II, LLC by Frisco, Inc", because the old name was never reported again and the new one opened with the same balance (17,804,125 shares). Old name, new name

Inferred rename: "GRAT (Reporting Person, Trustee)" is treated as the same holder as "2012 GRAT (Reporting Person, Trustee)", because the old name was never reported again and the new one opened with the same balance (28,168 shares). Old name, new name

Inferred rename: "CS 2012 GRAT (Spouse, Trustee)" is treated as the same holder as "CS Trust (Spouse, Trustee)", because the old name was never reported again and the new one opened with the same balance (6,751 shares). Old name, new name

Inferred rename: "JS 2012 GRAT (Spouse, Trustee)" is treated as the same holder as "JS Trust (Spouse, Trustee)", because the old name was never reported again and the new one opened with the same balance (13,501 shares). Old name, new name

Inferred rename: "2011 GRAT, Reporting Person Trustee" is treated as the same holder as "2011 GRAT", because the old name was never reported again and the new one opened with the same balance (1,182 shares). Old name, new name

Inferred rename: "2012 GRAT, Reporting Person Trustee" is treated as the same holder as "2012 GRAT", because the old name was never reported again and the new one opened with the same balance (3,846 shares). Old name, new name

Inferred rename: "2019 Family GRAT" is treated as the same holder as "2021 Family GRAT", because the old name was never reported again and the new one opened with the same balance (4,525 shares). Old name, new name

Inferred rename: "Held indirectly through Frisco, Inc" is treated as the same holder as "Held indirectly through Frisco Partners", because the old name was never reported again and the new one opened with the same balance (17,804,125 shares). Old name, new name

Inferred rename: "Held indirectly through Frisco Partners" is treated as the same holder as "Held indirectly through Hercules Holding II, LLC by Frisco, Inc", because the old name was never reported again and the new one opened with the same balance (17,804,125 shares). Old name, new name

Inferred rename: "Held indirectly through Hercules Holding II, LLC by trusts for benefit of children" is treated as the same holder as "Held indirectly through Hercules Holding II, LLC by Trusts for Children", because the old name was never reported again and the new one opened with the same balance (28,490 shares). Old name, new name

Inferred rename: "Held indirectly through Hercules Holding II, LLC by Thomas F. Frist III 2010 GRAT" is treated as the same holder as "Held indirectly through Hercules Holding II, LLC by The Thomas F. Frist III 2010 Annuity Trust I", because the old name was never reported again and the new one opened with the same balance (251,424 shares). Old name, new name

Inferred rename: "Held indirectly through Hercules Holding II, LLC by Julie D. Frist" is treated as the same holder as "Held indirectly through Hercules Holding by Spouse", because the old name was never reported again and the new one opened with the same balance (9,497 shares). Old name, new name

Inferred rename: "Held indirectly through Frisco, Inc" is treated as the same holder as "Held indirectly through Hercules Holding II, LLC by Frisco, Inc", because the old name was never reported again and the new one opened with the same balance (17,804,125 shares). Old name, new name

Inferred rename: "trust" is treated as the same holder as "trusts", because the old name was never reported again and the new one opened with the same balance (319,878 shares). Old name, new name

Inferred rename: "Held indirectly through Hercules Holding II, LLC by Patricia Champion Frist 2010 GRAT No. 2" is treated as the same holder as "Held indirectly through Hercules Holding II, LLC by the Patricia Frist 2010 GRAT No. 2", because the old name was never reported again and the new one opened with the same balance (319,877 shares). Old name, new name

Inferred rename: "Held indirectly through Frisco, Inc" is treated as the same holder as "Held indirectly through Frisco Partners", because the old name was never reported again and the new one opened with the same balance (17,804,125 shares). Old name, new name

Inferred rename: "Held indirectly through Frisco Partners" is treated as the same holder as "Held indirectly through Hercules Holding II, LLC by Frisco, Inc", because the old name was never reported again and the new one opened with the same balance (17,804,125 shares). Old name, new name

Inferred rename: "Held indirectly through Hercules Holding II, LLC by the Elcan Children?s Trust" is treated as the same holder as "Held indirectly through Hercules Holding II, LLC by the Elcan Children's Trust", because the old name was never reported again and the new one opened with the same balance (37,560 shares). Old name, new name

Inferred rename: "Held indirectly through Frisco, Inc" is treated as the same holder as "Held indirectly through Frisco Partners", because the old name was never reported again and the new one opened with the same balance (17,804,125 shares). Old name, new name

Inferred rename: "Held indirectly through Frisco Partners" is treated as the same holder as "Held indirectly through Hercules Holding II, LLC by Frisco, Inc", because the old name was never reported again and the new one opened with the same balance (17,804,125 shares). Old name, new name

Inferred rename: "Held indirectly through Hercules Holding II, LLC by the William R. Frist Family Partnership" is treated as the same holder as "Held indirectly by the William R. Frist Family Partnership", because the old name was never reported again and the new one opened with the same balance (1,208,507 shares). Old name, new name

Inferred rename: "Held indirectly through Hercules Holding II, LLC by Trusts" is treated as the same holder as "Held indirectly through Hercules Holding II, LLC by 2010 Trusts for Children", because the old name was never reported again and the new one opened with the same balance (1,348,059 shares). Old name, new name

Inferred rename: "Held indirectly through Hercules Holding II, LLC by 2015 Trusts for Children" is treated as the same holder as "Held indirectly through Hercules Holding II by Trusts for Children", because the old name was never reported again and the new one opened with the same balance (1,562,820 shares). Old name, new name

Inferred rename: "Subsidiary" is treated as the same holder as "On November 5, 2012, Hercules Holding II, LLC", because the old name was never reported again and the new one opened with the same balance (2,800,507 shares). Old name, new name

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology2,363 filings from SEC EDGAR, and how we read them

All 2,363 Forms 3, 4 and 5 filed for HCA Healthcare (SEC CIK 860730) from Dec 9, 1997 to Sep 11, 2026, retrieved from SEC EDGAR on Oct 9, 2026. Prices are the ones reported in each filing, often weighted averages. 2 older filings exist only on paper and could not be read.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (82)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
BANK OF AMERICA CORP /DE/Mar 28, 2025111,313,498 shares, last reported balance as of Nov 6, 2012
Sammie MosierFeb 18, 202511,113 shares, last reported balance as of Feb 13, 2025
Kathleen WhalenNov 18, 20249,454 shares, last reported balance as of Nov 14, 2024
Phillip BillingtonNov 14, 202452,702 shares, last reported balance as of Nov 14, 2024
Erol AkdamarNov 14, 2024127,340 shares, last reported balance as of Nov 14, 2024
Joseph Sowell IIIAug 7, 202456,297 shares, last reported balance as of Aug 5, 2024
Timothy McManusAug 2, 202427,008 shares, last reported balance as of Jul 31, 2024
Deborah ReinerJul 31, 20243,510 shares, last reported balance as of Jul 29, 2024
Kathryn TorresJul 29, 202417,755 shares, last reported balance as of Jul 25, 2024
Jeffrey CohenMay 13, 20245,185 shares, last reported balance as of May 9, 2024
Meg CroftonMay 1, 20246,331 shares, last reported balance as of Apr 29, 2024
Chad WassermanMar 20, 20241,576 shares, last reported balance as of Mar 20, 2024
Bill RutherfordFeb 21, 2024182,085 shares, last reported balance as of Feb 16, 2024
Richard HammettFeb 21, 202417,936 shares, last reported balance as of Feb 16, 2024
Martin PaslickApr 14, 2023151,791 shares, last reported balance as of Apr 14, 2023
Bruce Moore Jr.Nov 15, 2022648,314 shares, last reported balance as of Nov 11, 2022
Charles HallNov 15, 2022206,968 shares, last reported balance as of Nov 11, 2022
Charles Holliday Jr.Apr 27, 202218,955 shares, last reported balance as of Apr 25, 2022
Robert WatermanFeb 14, 202250,062 shares, last reported balance as of May 5, 2021
William MorrowFeb 14, 202217,344 shares, last reported balance as of Nov 4, 2021
Jane EnglebrightNov 12, 2021No balance on record
Jonathan PerlinAug 4, 202181,162 shares, last reported balance as of Aug 2, 2021
Sandra MorganFeb 22, 202110,122 shares, last reported balance as of Feb 18, 2021
Patricia FristFeb 16, 202195,629,399 shares, last reported balance as of Aug 12, 2020
Victor CampbellMay 3, 2019599,693 shares, last reported balance as of Feb 25, 2019
Geoffrey MeyersMay 3, 201939,153 shares, last reported balance as of May 1, 2019
John RoweMay 3, 201930,388 shares, last reported balance as of May 1, 2019
Milton JohnsonFeb 27, 20191,597,139 shares, last reported balance as of Feb 25, 2019
John SteeleFeb 27, 2019160,641 shares, last reported balance as of Feb 25, 2019
Ann LamontMay 4, 201817,661 shares, last reported balance as of May 2, 2018
Joseph SteakleyFeb 26, 2018138,107 shares, last reported balance as of Feb 25, 2018
Alan YuspehFeb 26, 201835,546 shares, last reported balance as of Feb 25, 2018
Ravi ChariFeb 26, 20187,003 shares, last reported balance as of Feb 25, 2018
Jana DavisMay 25, 201762,775 shares, last reported balance as of May 23, 2017
Jay LightMay 5, 201730,953 shares, last reported balance as of May 3, 2017
David AndersonNov 9, 2016110,167 shares, last reported balance as of Nov 7, 2016
KKR PEI Investments, L.P.May 12, 201653,921,666 shares, last reported balance as of May 10, 2016
Juan VallarinoMay 11, 201661,036 shares, last reported balance as of May 9, 2016
Donald StinnettFeb 29, 2016151,965 shares, last reported balance as of Feb 25, 2016
Richard BrackenJan 5, 2015903,650 shares, last reported balance as of Dec 31, 2014
Stephen PagliucaDec 9, 201430,986,254 shares, last reported balance as of Dec 5, 2014
BAIN CAPITAL INVESTORS LLCNov 5, 201353,376,489 shares, last reported balance as of Nov 1, 2013
John ConnaughtonNov 5, 201353,376,489 shares, last reported balance as of Nov 1, 2013
Christopher GordonNov 5, 201330,820,066 shares, last reported balance as of Nov 1, 2013
Michael O'BoyleFeb 27, 201321,429 shares, last reported balance as of Feb 25, 2013
Paul RutledgeJan 3, 2013335,657 shares, last reported balance as of Nov 7, 2012
Noel WilliamsMay 18, 2012330,148 shares, last reported balance as of May 16, 2012
Beverly WallaceNov 4, 2011144,714 shares, last reported balance as of Nov 2, 2011
Jack Bovender Jr.Oct 8, 2009482,276 shares, last reported balance as of Sep 9, 2009
Carl GeorgeMar 3, 200913,092 shares, last reported balance as of Feb 27, 2009
Rosalyn EltonApr 29, 200814,721 shares, last reported balance as of Apr 29, 2008
Richard ShallcrossApr 29, 2008No balance on record
Robert Hankins Jr.Apr 29, 200822,026 shares, last reported balance as of Apr 29, 2008
Russell HarmsApr 29, 2008No balance on record
MERRILL LYNCH & CO INCApr 29, 200823,373,333 shares, last reported balance as of Apr 29, 2008
Frisco PartnersApr 29, 200817,804,125 shares, last reported balance as of Apr 29, 2008
Patricia LindlerNov 21, 2006No balance on record
Magdalena AverhoffNov 21, 2006No balance on record
Martin FeldsteinNov 21, 2006No balance on record
Frederick GluckNov 21, 2006No balance on record
Glenda HatchettNov 21, 2006No balance on record
Michael LongNov 21, 2006No balance on record
John McArthurNov 21, 2006No balance on record
Kent NelsonNov 21, 2006No balance on record
Frank RoyalNov 21, 2006No balance on record
Harold ShapiroNov 21, 2006No balance on record
Michael ArmstrongNov 21, 2006No balance on record
Frank HouserJul 28, 200648,087 shares, last reported balance as of Jul 1, 2006
Charles EvansJul 28, 200662,234 shares, last reported balance as of Jul 1, 2006
Marilyn TavennerFeb 13, 200626,176 shares, last reported balance as of Jul 1, 2005
Jeffrey CrudeleFeb 13, 200613,923 shares, last reported balance as of Jul 1, 2005
James Fitzgerald Jr.Jan 31, 200625,139 shares, last reported balance as of Jan 29, 2006
Greg RothNov 2, 20049,183 shares, last reported balance as of Oct 31, 2004
Jay GrinneyMay 10, 200424,237 shares, last reported balance as of May 7, 2004
Philip PattonNo balance on record
James MomtazeeNo balance on record
Peter StavrosNo balance on record
George BitarNo balance on record
Christopher BirosakNo balance on record
Nathan ThorneNo balance on record
Kenneth FreemanNo balance on record
James ForbesNo balance on record

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