Routine share withholding; mechanical by default.
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Traded Nov 11, 2025 · Filed Nov 12, 2025
Derivative exercise or conversion — not an open-market buy.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell
option exercise
Code M — exercise or conversion of a derivative security
None found in footnotes
Only flagged when a footnote says so; never inferred
Routine share withholding; mechanical by default.
12K → 8,623 shares held−30% of their stake
A board member of Universal Health Services sold $821K of Universal Health Services shares. Nobody planned it ahead of time.
8,623 → 8,481 shares held−2% of their stake
A board member of Universal Health Services sold $32K of Universal Health Services shares. Nobody planned it ahead of time.