PORTNOY ADAM D. 4

What Happened Adam D. Portnoy, a director of Diversified Healthcare Trust (NASDAQ: DHC), was granted 12,401 shares pursuant to the issuer's equity compensation plan on 2026-06-10. The Form 4 reports the award (transaction code A) and lists the per-share price as N/A, so no dollar value is disclosed. This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-10; Form 4 filed: 2026-06-12 (filed within the normal two-business-day window).
• Shares granted: 12,401; reported acquisition type: Award/Grant (A); price: N/A (value not disclosed on the filing).
• Shares owned after the transaction: not specified in the provided filing.
• Footnotes: (F1) award pursuant to the issuer's equity compensation plan; (F2) shares are held by ABP Trust — Portnoy is sole trustee and may be deemed beneficial owner but disclaims ownership except to his pecuniary interest.

Context Awards under equity compensation plans are typically part of director or executive compensation and do not necessarily indicate a personal purchase decision. The filing does not state whether the granted shares are restricted, subject to vesting, or immediately tradable. The ABP Trust holding and Portnoy’s disclaimer mean the economic exposure may be limited to his pecuniary interest rather than full beneficial ownership.