Brophy Andrew M 4

What Happened
Andrew M. Brophy, Senior Vice President and Chief Accounting Officer of Healthcare Services Group (HCSG), sold a total of 2,729 shares in late February 2026. On Feb 24 he surrendered 239 shares (tax/withholding) at $21.40 each (≈ $5,115) and on Feb 26 he sold 2,490 shares in an open-market sale at $21.75 each (≈ $54,158). The combined proceeds were about $59,273. These transactions are disposals (sales/withholding), which are commonly routine and do not by themselves indicate a change in company outlook.

Key Details

• Transactions and prices:
  • 2026-02-24: 239 shares disposed for tax/withholding at $21.40 each (≈ $5,115). (Code F)
  • 2026-02-26: 2,490 shares sold in open market at $21.75 each (≈ $54,158). (Code S)
• Total shares disposed: 2,729; total proceeds ≈ $59,273.
• Shares owned after transaction: Not specified in the filing excerpt provided.
• Footnote: F1 notes the reported amount includes 15,735 unvested restricted stock units (RSUs).
• Filing: Form 4 filed Feb 26, 2026 reporting the Feb 24 and Feb 26 transactions; no late filing flag indicated in the provided data.

Context

• The Feb 24 disposition was a tax-withholding event (surrender of shares to satisfy tax on awards), not an open-market sale. The Feb 26 trade was an open-market sale, a routine liquidity event that insiders often undertake for diversification or tax planning. These sales are informational but do not, by themselves, imply management sentiment about the company's future.