Founder-Related Trusts Sell $5M in NRC Health Stock; Chairman's Direct Stake Drops Below 5%
NRC sits 71% above its 52-week low of $11.014.
Summary
Trusts linked to NRC Health's founder and Chairman sold over $5 million in stock, further reducing insider ownership and confirming a trend of stake reduction.
Key Events · Ownership and Investor Activity · NRC
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Significant Insider Sales
Trusts related to founder and Chairman Michael D. Hays sold 250,000 shares on June 10, 2026, for a total of approximately $5.03 million at weighted average prices between $20.02 and $21.05 per share.
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Chairman's Reduced Stake
Michael D. Hays' direct beneficial ownership (excluding disclaimed shares) fell below 5% as of March 23, 2026, indicating a continued reduction in his personal stake.
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Updated Ownership Structure
Patrick E. Beans, manager of key entities, now has beneficial ownership of 45.7% of outstanding shares, reflecting his control over various trusts and LLCs.
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Amendment to Prior Filing
This is Amendment No. 4 to the Schedule 13D, updating ownership figures and confirming recent transactions.
Analysis · NRC · Industrial Applications And Services
Entities associated with NRC Health's founder and Chairman, Michael D. Hays, executed significant sales of common stock, totaling over $5 million. This follows previous disclosures of reduced beneficial ownership and a registration to sell a large block of shares. The filing also confirms that Michael D. Hays' direct beneficial ownership (excluding disclaimed shares) fell below the 5% threshold as of March 23, 2026, indicating a continued reduction in his personal stake in the company. These sales represent a notable portion of the company's market capitalization and contribute to an overhang on the stock.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 39.9% of the 323 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.36%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NRC was trading at $18.79 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $423.5M. The 52-week trading range was $11.01 to $22.79. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.