Tenet Healthcare Officer Files Form 144 Notice to Sell $6.39M in Common Stock
TENET HEALTHCARE CORP
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Filing Summary
Form 144 Notice: Tenet Healthcare Corp ($THC) • Insider: Lisa Y Foo (Officer) • Proposed Sale: 24,000 Common shares • Estimated Market Value: $6,391,579.07 (~$266.32/share) • Approx. Sale Date: August 31, 2026 • Broker: Fidelity Brokerage Services LLC • Prior 3-Month Sales: 10,000 shares ($2.58M on 07/29/2026)
Comprehensive Analysis
Executive Summary
On August 31, 2026, Lisa Y Foo, an Officer at Tenet Healthcare Corp ($THC), filed a Form 144 notice indicating an intention to sell up to 24,000 shares of Common Stock through Fidelity Brokerage Services LLC. The aggregate market value of the proposed transaction is approximately $6,391,579.07 (implied ~$266.32 per share).
Transaction & Acquisition Details
- Securities to be Sold: 24,000 shares of Common Stock.
- Origin of Shares: Acquired between February 2025 and February 2026 as compensation via restricted stock vesting from the Issuer.
- Historical Activity in Past 3 Months: The filer previously sold 10,000 shares on July 29, 2026, generating gross proceeds of $2,580,295.03.
Market Context & Significance
- Significance Level: Medium.
- Impact: While substantial in dollar value ($6.39M), the proposed sale represents a small fraction (approx. 0.03%) of Tenet Healthcare's 80,519,000 total shares outstanding, and aligns with standard liquidity diversification following equity compensation vesting.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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