DIVERSIFIED HEALTHCARE TRUST Director Adam Portnoy Withholds 19,315 Shares

What Happened
Adam D. Portnoy, a director of Diversified Healthcare Trust (NASDAQ: DHC), had 19,315 shares withheld to pay tax liability related to the vesting of securities. The withheld shares were valued at $8.13 each, for a total of $157,031. This was a tax-withholding disposal (code F), not an open-market sale or a purchase.

Key Details

• Transaction date: 2026-09-17; Form 4 filed: 2026-09-21 (filed within the required two business days).
• Shares withheld/disposed: 19,315 at $8.13 per share; total value ≈ $157,031.
• Transaction code: F (payment of tax liability by withholding securities incident to vesting).
• Shares owned after transaction: not specified in this filing.
• Footnotes: F1 confirms shares were withheld to satisfy tax withholding on vesting; F2 notes these shares are held by ABP Trust (Mr. Portnoy is sole trustee and may be deemed the beneficial owner but disclaims beneficial ownership except to the extent of pecuniary interest).

Context
Tax-withholding disposals are routine when restricted stock or similar awards vest; they reduce the insider’s share count but do not necessarily signal a view on the company’s prospects. This was not an open-market sale; it was an internal withholding to cover taxes.