HENDRICKSON CAREY P 4

What Happened
Carey P. Hendrickson, Chief Financial Officer of U S Physical Therapy (USPH), reported a disposition to the issuer of 10,000 shares on March 9, 2026. The reported price per share is $0.00 and total cash proceeds are shown as $0. This was a disposition to the issuer (not an open-market sale).

Key Details

• Transaction date: 2026-03-09; Filing date: 2026-03-10 (timely filed).
• Transaction type/code: Disposition to issuer (code D); price reported: $0.00; proceeds: $0.
• Shares owned after transaction: Not specified in the provided filing.
• Notable footnote (F1): Hendrickson holds 11,070 shares granted as restricted stock under the company’s 2003 Stock Incentive Plan with a staggered vesting schedule through March 6, 2029 (detailed vesting amounts and dates listed in the filing).
• No indication in the provided data of a 10b5-1 plan or late filing.

Context
A "disposition to the issuer" typically means the shares were surrendered back to the company (for example, often to satisfy tax withholding or similar obligations), which is different from an open-market sale. The zero cash proceeds reported here are consistent with a surrender rather than a market sale. The attached footnote shows ongoing restricted stock vesting through 2029, which may affect future insider holdings if Hendrickson remains employed.