NHC Schedule 13G/A Filing by Morgan Stanley

Morgan Stanley, through its subsidiary Morgan Stanley Institutional Investment Advisors LLC, has filed a Schedule 13G/A, reporting beneficial ownership of 7.1% of National Healthcare Corp's (NHC) common stock. This filing indicates an amendment to a previous filing, with the event date for this statement being December 31, 2025. Morgan Stanley and its affiliates hold an aggregate of 1,102,537 shares, with 1,038,787 shares held by Morgan Stanley Institutional Investment Advisors LLC. The filing certifies that these securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer. The filing was made on March 12, 2026.