DHC Director Adam Portnoy Receives 59,681-Share Award

What Happened
Adam D. Portnoy, a director of Diversified Healthcare Trust (NASDAQ: DHC), was awarded 59,681 shares under the issuer’s equity compensation plan on September 10, 2026. The filing reports an acquisition (transaction code A); no per-share price or total dollar value is disclosed. This was a compensatory award rather than an open-market purchase or sale.

Key Details

• Transaction date: September 10, 2026 (reported on Form 4 filed September 14, 2026).
• Transaction type/code: Award/Grant (A).
• Shares awarded: 59,681; price/value: N/A (not disclosed).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: (1) Award granted pursuant to the issuer’s equity compensation plan. (2) Shares are held by ABP Trust; Mr. Portnoy is sole trustee and may be deemed a beneficial owner but disclaims beneficial ownership except for his pecuniary interest.
• Timeliness: Form 4 filed within the required reporting window (filed Sept 14 for a Sept 10 transaction).

Context
This was a compensation-related equity award to a director, which is a routine corporate governance/compensation event and does not by itself signal an open-market purchase or sale intent. The shares being held in a trust and the disclaimer of beneficial ownership are common arrangements for directors and do not change the fact that the filing reports an acquisition of shares via the company’s plan.