National Research Corporation NRC NASDAQ

NASDAQ Global Select • Healthcare • Medical - Healthcare Information Services • US • USD

National Research Corporation (NRC) has 20 known insider and institutional holders on record. The largest holder is Michael & Karen Hays Grandchildren's Trust Dated March 9, 2009 with 5,765,900 shares. Other notable holders include K/I/E/Trust Under Agreement 3/9/09 and Common Property Trust.

Over the last 12 months, insiders have made 25 transactions in NRC stock — 17 buys (valued at $3.6M) and 0 sells (valued at RSU Award). Insider buying has outpaced selling during this period, which may signal confidence in the company's prospects.

NRC Insider Ownership

Top Holder

Michael & Karen Hays Grandchildren's Trust Dated March 9, 2009

5,765,900 shares

Buys (12 mo)

$3.6M value

Sells (12 mo)

$0.00 value

12-Month Transaction Activity

Buy 68%

Sell 0%

Top Insider Holders

#	Name	Role	Shares Owned	Last Filed	Relative Size
1	Michael & Karen Hays Grandchildren's Trust Dated March 9, 2009	10 Percent Owner	5,765,900	2014-11-20	100%
2	K/i/e/trust Under Agreement 3/9/09	10 Percent Owner	5,204,918	2019-01-24	90%
3	Common Property Trust	10 Percent Owner	4,755,317	2025-04-10	82%
4	K/i/e Trust Under Agreement 10/24/18	10 Percent Owner	4,751,522	2019-07-09	82%
5	Amandla Mk Trust	10 Percent Owner	3,833,976	2024-01-08	66%
6	Green Trent S	Chief Executive Officer	500,000	2025-06-03	9%
7	Hrdy Helen	Chief Operating Officer	139,416	2025-04-09	2%
8	Monnich Andrew	Chief Corp. Development Off.	100,000	2025-04-09	2%
9	Burik David	EVP, Strategic Insights	100,000	2026-01-16	2%
10	Rau Jason Russell	Executive Vice President	60,000	2026-03-13	1%
11	Jackson Steven D.	President	55,567	2020-10-05	1%
12	Mowry Barbara	Director	36,000	2020-05-19	1%
13	Beans Patrick E	10 Percent Owner	35,003	2025-05-13	1%
14	Schorr Paul C Iii	Director	34,802	2013-11-15	1%
15	Nunnelly John N	Director	22,625	2025-10-21	0%
16	Berwick Donald M	Director	22,625	2025-10-21	0%
17	Wheeler Penny Ann	Director	22,625	2025-10-21	0%
18	Hays Michael D.	CEO & President	11,021	2025-01-14	0%
19	Karas Kevin R	SVP Finance, CFO, Treas & Secy	10,140	2023-02-28	0%
20	Bhandari Parul	Director	8,819	2026-02-17	0%

Recent Transactions (last 12 months)

Date	Name	Role	Type	Shares	Price	Value
2026-03-12	Rau Jason Russell	Executive Vice President	RSU Award	60,000	-	-
2026-02-17	Harrison Shane R	EVP & Chief Financial Officer	Informative Buy	8,000	$12.27	$98.16K
2026-01-22	Bhandari Parul	Director	RSU Award	8,819	$22.01	$194.11K
2026-01-22	Lockhart Stephen H	Director	RSU Award	8,819	$22.01	$194.11K
2025-12-29	Harrison Shane R	EVP & Chief Financial Officer	Tax Withholding of RSU	21,271	$18.66	$396.92K
2026-01-05	Burik David	EVP, Strategic Insights	RSU Award	100,000	-	-
2026-01-05	Burik David	Officer	Unknown	-	-	-
2026-01-05	Hays Michael D.	Chairman	Option Exercise (Sell)	9,145	$15.23	$139.28K
2025-12-15	Hrdy Helen	EVP & Chief Operating Officer	Option Exercise (Sell)	12,346	$15.23	$188.03K
2025-10-15	Rau Jason Russell	Officer	Unknown	-	-	-
2025-10-17	Wheeler Penny Ann	Director	RSU Award	22,625	$11.61	$262.68K
2025-10-17	Berwick Donald M	Director	RSU Award	22,625	$11.61	$262.68K
2025-10-17	Nunnelly John N	Director	RSU Award	22,625	$11.61	$262.68K
2025-09-29	Harrison Shane R	EVP & Chief Financial Officer	RSU Award	172,000	-	-
2025-09-29	Harrison Shane R	Officer	Unknown	-	-	-
2025-07-31	Freeman Jordan Nicole	Chief Accounting Officer	Informative Buy	771	$12.97	$10K
2025-06-01	Green Trent S	Chief Executive Officer	RSU Award	500,000	-	-
2025-06-01	Green Trent S	Officer	Unknown	-	-	-
2025-05-12	Beans Patrick E	10 Percent Owner	Informative Buy	2,500	$13.59	$33.97K
2025-05-07	Bhandari Parul	Director	RSU Award	34,917	$13.09	$457.06K
2025-05-07	Wheeler Penny Ann	Director	RSU Award	34,917	$13.09	$457.06K
2025-05-07	Lockhart Stephen H	Director	RSU Award	34,917	$13.09	$457.06K
2025-05-07	Berwick Donald M	Director	RSU Award	34,917	$13.09	$457.06K
2025-05-07	Nunnelly John N	Director	RSU Award	34,917	$13.09	$457.06K
2025-04-18	Freeman Jordan Nicole	Officer	Unknown	-	-	-