A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 8 filings in this group are Form 4s for Ardent Health, Inc.
The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.
Across the 8 insider filings shown, the breakdown is 3 compensation award, 3 tax withholding and 2 open-market purchase. 2 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.
Form 4
Tax withholding
Tax / Compensation Filing
2026-09-29
ARDT insider Form 4 filed for equity award, exercise, or tax withholding
LUMSDAINE ALFRED (Chief Financial Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were withheld by the company to settle tax due when equity vested. This is an automatic administrative step and not a decision to sell.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
F |
Tax withholding on vested shares
|
3,389 |
$10.54 |
$35.7K |
Filing: Form 4 (Insider Transaction)
Insider: LUMSDAINE ALFRED (Chief Financial Officer)
Shares: 3,389
Form 4
Tax withholding
Tax / Compensation Filing
2026-09-29
ARDT insider Form 4 filed for equity award, exercise, or tax withholding
Petrovich Stephen C. (EVP, GC and Secretary) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were withheld by the company to settle tax due when equity vested. This is an automatic administrative step and not a decision to sell.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
F |
Tax withholding on vested shares
|
788 |
$10.54 |
$8.3K |
Filing: Form 4 (Insider Transaction)
Insider: Petrovich Stephen C. (EVP, GC and Secretary)
Shares: 788
Form 4
Tax withholding
Tax / Compensation Filing
2026-09-29
ARDT insider Form 4 filed for equity award, exercise, or tax withholding
Byers David Raynor (SVP & Chief Accounting Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were withheld by the company to settle tax due when equity vested. This is an automatic administrative step and not a decision to sell.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
F |
Tax withholding on vested shares
|
524 |
$10.54 |
$5.5K |
Filing: Form 4 (Insider Transaction)
Insider: Byers David Raynor (SVP & Chief Accounting Officer)
Shares: 524
Form 4
Compensation award
Tax / Compensation Filing
2026-07-02
ARDT insider Form 4 filed for equity award, exercise, or tax withholding
Caspers Dave (Director, CEO and President) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
103,653 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Caspers Dave (Director, CEO and President)
Shares: 103,653
Form 4
Open-market purchase
Insider Buying
2026-06-08
ARDT insider DeMichiei Robert (Director) bought 11,260 shares (~$98.3K)
DeMichiei Robert, listed as Director at Ardent Health, Inc., reported an open-market purchase of 11,260 ARDT shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
11,260 |
$8.73 |
$98.3K |
Filing: Form 4 (Insider Transaction)
Insider: DeMichiei Robert (Director)
Shares: 11,260
Est. Value: $98.3K
Form 4
Open-market purchase
Insider Buying
2026-06-08
ARDT insider LUMSDAINE ALFRED (Chief Financial Officer) bought 10,000 shares (~$88.1K)
LUMSDAINE ALFRED, listed as Chief Financial Officer at Ardent Health, Inc., reported an open-market purchase of 10,000 ARDT shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
10,000 |
$8.81 |
$88.1K |
Filing: Form 4 (Insider Transaction)
Insider: LUMSDAINE ALFRED (Chief Financial Officer)
Shares: 10,000
Est. Value: $88.1K
Form 4
Compensation award
Tax / Compensation Filing
2026-04-02
ARDT insider Form 4 filed for equity award, exercise, or tax withholding
Bulgarelli Peter J. (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
14,231 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Bulgarelli Peter J. (Director)
Shares: 14,231
Form 4
Compensation award
Tax / Compensation Filing
2026-04-02
ARDT insider Form 4 filed for equity award, exercise, or tax withholding
Havdala Ellen (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
14,231 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Havdala Ellen (Director)
Shares: 14,231