=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-05-27
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: UNIVERSAL HEALTH SERVICES INC (UHS)
CIK: 0000352915
--- Reporting Owner ---
Name: MILLER ALAN B
CIK: 0001181031
Role: Director, Officer (Executive Chairman), 10%+ Owner
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Class B Common Stock
Date: 2026-05-27 | Code: J (Other acquisition/disposition)
Shares: -13,963 | Price: $0.00
Shares Owned After: 0 | Ownership: I (Indirect) | Nature: Marc Daniel Miller 2024 GRAT
Footnotes:
[F1] On May 27, 2026, 13,963 Class B shares were distributed to Alan B. Miller from the Marc Daniel Miller 2024 GRAT. Alan B. Miller's pecuniary interest in these shares is unchanged. All distributions hereinbefore described were made pursuant to the terms of the Trust Agreement creating each 2024 GRAT.
[Transaction #2]
Security: Class B Common Stock
Date: 2026-05-27 | Code: J (Other acquisition/disposition)
Shares: +13,963 | Price: $0.00
Shares Owned After: 1,810,129 | Ownership: D (Direct)
Footnotes:
[F1] On May 27, 2026, 13,963 Class B shares were distributed to Alan B. Miller from the Marc Daniel Miller 2024 GRAT. Alan B. Miller's pecuniary interest in these shares is unchanged. All distributions hereinbefore described were made pursuant to the terms of the Trust Agreement creating each 2024 GRAT.
[Transaction #3]
Security: Class B Common Stock
Date: 2026-05-27 | Code: J (Other acquisition/disposition)
Shares: -9,418 | Price: $0.00
Shares Owned After: 0 | Ownership: I (Indirect) | Nature: Abby Miller King 2024 GRAT
Footnotes:
[F2] On May 27, 2026, 9,418 Class B shares were distributed to Alan B. Miller from the Abby Miller King 2024 GRAT. Alan B. Miller's pecuniary interest in these shares is unchanged. All distributions hereinbefore described were made pursuant to the terms of the Trust Agreement creating each 2024 GRAT.
[Transaction #4]
Security: Class B Common Stock
Date: 2026-05-27 | Code: J (Other acquisition/disposition)
Shares: +9,418 | Price: $0.00
Shares Owned After: 1,819,547 | Ownership: D (Direct)
Footnotes:
[F2] On May 27, 2026, 9,418 Class B shares were distributed to Alan B. Miller from the Abby Miller King 2024 GRAT. Alan B. Miller's pecuniary interest in these shares is unchanged. All distributions hereinbefore described were made pursuant to the terms of the Trust Agreement creating each 2024 GRAT.
[Transaction #5]
Security: Class B Common Stock
Date: 2026-05-27 | Code: J (Other acquisition/disposition)
Shares: -9,418 | Price: $0.00
Shares Owned After: 0 | Ownership: I (Indirect) | Nature: Marni Spencer 2024 GRAT
Footnotes:
[F3] On May 27, 2026, 9,418 Class B shares were distributed to Alan B. Miller from the Marni Spencer 2024 GRAT. Alan B. Miller's pecuniary interest in these shares is unchanged. All distributions hereinbefore described were made pursuant to the terms of the Trust Agreement creating each 2024 GRAT.
[Transaction #6]
Security: Class B Common Stock
Date: 2026-05-27 | Code: J (Other acquisition/disposition)
Shares: +9,418 | Price: $0.00
Shares Owned After: 1,828,965 | Ownership: D (Direct)
Footnotes:
[F3] On May 27, 2026, 9,418 Class B shares were distributed to Alan B. Miller from the Marni Spencer 2024 GRAT. Alan B. Miller's pecuniary interest in these shares is unchanged. All distributions hereinbefore described were made pursuant to the terms of the Trust Agreement creating each 2024 GRAT.
[Transaction #7]
Security: Class B Common Stock
Date: 2026-05-27 | Code: J (Other acquisition/disposition)
Shares: -14,163 | Price: $0.00
Shares Owned After: 10,132 | Ownership: I (Indirect) | Nature: Marc Daniel Miller 2025 GRAT
Footnotes:
[F4] On May 27, 2026, 14,163 Class B shares were distributed to Alan B. Miller from the Marc Daniel Miller 2025 GRAT. Alan B. Miller's pecuniary interest in these shares is unchanged. All distributions hereinbefore described were made pursuant to the terms of the Trust Agreement creating each 2025 GRAT.
[Transaction #8]
Security: Class B Common Stock
Date: 2026-05-27 | Code: J (Other acquisition/disposition)
Shares: +14,163 | Price: $0.00
Shares Owned After: 1,843,128 | Ownership: D (Direct)
Footnotes:
[F4] On May 27, 2026, 14,163 Class B shares were distributed to Alan B. Miller from the Marc Daniel Miller 2025 GRAT. Alan B. Miller's pecuniary interest in these shares is unchanged. All distributions hereinbefore described were made pursuant to the terms of the Trust Agreement creating each 2025 GRAT.
[Transaction #9]
Security: Class B Common Stock
Date: 2026-05-27 | Code: J (Other acquisition/disposition)
Shares: -14,163 | Price: $0.00
Shares Owned After: 10,132 | Ownership: I (Indirect) | Nature: Abby Miller King 2025 GRAT
Footnotes:
[F5] On May 27, 2026, 14,163 Class B shares were distributed to Alan B. Miller from the Abby Miller King 2025 GRAT. Alan B. Miller's pecuniary interest in these shares is unchanged. All distributions hereinbefore described were made pursuant to the terms of the Trust Agreement creating each 2025 GRAT.
[Transaction #10]
Security: Class B Common Stock
Date: 2026-05-27 | Code: J (Other acquisition/disposition)
Shares: +14,163 | Price: $0.00
Shares Owned After: 1,857,291 | Ownership: D (Direct)
Footnotes:
[F5] On May 27, 2026, 14,163 Class B shares were distributed to Alan B. Miller from the Abby Miller King 2025 GRAT. Alan B. Miller's pecuniary interest in these shares is unchanged. All distributions hereinbefore described were made pursuant to the terms of the Trust Agreement creating each 2025 GRAT.
[Transaction #11]
Security: Class B Common Stock
Date: 2026-05-27 | Code: J (Other acquisition/disposition)
Shares: -14,163 | Price: $0.00
Shares Owned After: 10,132 | Ownership: I (Indirect) | Nature: Marni Spencer 2025 GRAT
Footnotes:
[F6] On May 27, 2026, 14,163 Class B shares were distributed to Alan B. Miller from the Marni Spencer 2025 GRAT. Alan B. Miller's pecuniary interest in these shares is unchanged. All distributions hereinbefore described were made pursuant to the terms of the Trust Agreement creating each 2025 GRAT.
[Transaction #12]
Security: Class B Common Stock
Date: 2026-05-27 | Code: J (Other acquisition/disposition)
Shares: +14,163 | Price: $0.00
Shares Owned After: 1,871,454 | Ownership: D (Direct)
Footnotes:
[F6] On May 27, 2026, 14,163 Class B shares were distributed to Alan B. Miller from the Marni Spencer 2025 GRAT. Alan B. Miller's pecuniary interest in these shares is unchanged. All distributions hereinbefore described were made pursuant to the terms of the Trust Agreement creating each 2025 GRAT.
[Transaction #13]
Security: Class B Common Stock
Date: 2026-05-27 | Code: J (Other acquisition/disposition)
Shares: -50,990 | Price: $0.00
Shares Owned After: 1,820,464 | Ownership: D (Direct)
Footnotes:
[F7] On May 27, 2026, 50,990 Class B shares were transferred from Alan B. Miller to the Marc Daniel Miller 2026 GRAT.
[Transaction #14]
Security: Class B Common Stock
Date: 2026-05-27 | Code: J (Other acquisition/disposition)
Shares: +50,990 | Price: $0.00
Shares Owned After: 50,990 | Ownership: I (Indirect) | Nature: Marc Daniel Miller 2026 GRAT
Footnotes:
[F7] On May 27, 2026, 50,990 Class B shares were transferred from Alan B. Miller to the Marc Daniel Miller 2026 GRAT.
[Transaction #15]
Security: Class B Common Stock
Date: 2026-05-27 | Code: J (Other acquisition/disposition)
Shares: -25,495 | Price: $0.00
Shares Owned After: 1,794,969 | Ownership: D (Direct)
Footnotes:
[F8] On May 27, 2026, 25,495 Class B shares were transferred from Alan B. Miller to the Abby Miller King 2026 GRAT.
[Transaction #16]
Security: Class B Common Stock
Date: 2026-05-27 | Code: J (Other acquisition/disposition)
Shares: +25,495 | Price: $0.00
Shares Owned After: 25,495 | Ownership: I (Indirect) | Nature: Abby Miller King 2026 GRAT
Footnotes:
[F8] On May 27, 2026, 25,495 Class B shares were transferred from Alan B. Miller to the Abby Miller King 2026 GRAT.
[Transaction #17]
Security: Class B Common Stock
Date: 2026-05-27 | Code: J (Other acquisition/disposition)
Shares: -25,495 | Price: $0.00
Shares Owned After: 1,769,474 | Ownership: D (Direct)
Footnotes:
[F9] On May 27, 2026, 25,495 Class B shares were transferred from Alan B. Miller to the Marni Spencer 2026 GRAT.
[Transaction #18]
Security: Class B Common Stock
Date: 2026-05-27 | Code: J (Other acquisition/disposition)
Shares: +25,495 | Price: $0.00
Shares Owned After: 25,495 | Ownership: I (Indirect) | Nature: Marni Spencer 2026 GRAT
Footnotes:
[F9] On May 27, 2026, 25,495 Class B shares were transferred from Alan B. Miller to the Marni Spencer 2026 GRAT.
--- Holdings ---
[Holding #1]
Security: Class B Common Stock
Ownership: I (Indirect)
[Holding #2]
Security: Class B Common Stock
Ownership: I (Indirect)
Footnotes:
[F10] Mr. Alan B. Miller disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Alan B. Miller is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
[Holding #3]
Security: Class B Common Stock
Ownership: I (Indirect)
[Holding #4]
Security: Class B Common Stock
Ownership: I (Indirect)
[Holding #5]
Security: Class B Common Stock
Ownership: I (Indirect)
--- Footnotes (Complete Index) ---
F1: On May 27, 2026, 13,963 Class B shares were distributed to Alan B. Miller from the Marc Daniel Miller 2024 GRAT. Alan B. Miller's pecuniary interest in these shares is unchanged. All distributions hereinbefore described were made pursuant to the terms of the Trust Agreement creating each 2024 GRAT.
F10: Mr. Alan B. Miller disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Alan B. Miller is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F2: On May 27, 2026, 9,418 Class B shares were distributed to Alan B. Miller from the Abby Miller King 2024 GRAT. Alan B. Miller's pecuniary interest in these shares is unchanged. All distributions hereinbefore described were made pursuant to the terms of the Trust Agreement creating each 2024 GRAT.
F3: On May 27, 2026, 9,418 Class B shares were distributed to Alan B. Miller from the Marni Spencer 2024 GRAT. Alan B. Miller's pecuniary interest in these shares is unchanged. All distributions hereinbefore described were made pursuant to the terms of the Trust Agreement creating each 2024 GRAT.
F4: On May 27, 2026, 14,163 Class B shares were distributed to Alan B. Miller from the Marc Daniel Miller 2025 GRAT. Alan B. Miller's pecuniary interest in these shares is unchanged. All distributions hereinbefore described were made pursuant to the terms of the Trust Agreement creating each 2025 GRAT.
F5: On May 27, 2026, 14,163 Class B shares were distributed to Alan B. Miller from the Abby Miller King 2025 GRAT. Alan B. Miller's pecuniary interest in these shares is unchanged. All distributions hereinbefore described were made pursuant to the terms of the Trust Agreement creating each 2025 GRAT.
F6: On May 27, 2026, 14,163 Class B shares were distributed to Alan B. Miller from the Marni Spencer 2025 GRAT. Alan B. Miller's pecuniary interest in these shares is unchanged. All distributions hereinbefore described were made pursuant to the terms of the Trust Agreement creating each 2025 GRAT.
F7: On May 27, 2026, 50,990 Class B shares were transferred from Alan B. Miller to the Marc Daniel Miller 2026 GRAT.
F8: On May 27, 2026, 25,495 Class B shares were transferred from Alan B. Miller to the Abby Miller King 2026 GRAT.
F9: On May 27, 2026, 25,495 Class B shares were transferred from Alan B. Miller to the Marni Spencer 2026 GRAT.
--- Signature ---
/s/ /s/ Steve Filton, Attorney-in-Fact for Alan B. Miller (2026-05-29)