FOSTER MICHAEL J 4

What Happened

• Michael J. Foster, a director of Sabra Health Care REIT (SBRA), received an award of 817 stock units (transaction code A) and disposed of 500 shares as a gift (transaction code G) on May 29, 2026. Both transactions are reported at $0.00 per share (award units are dividend-equivalent units; the gift has no purchase price). The reported dollar values for these entries are $0.

Key Details

• Transaction date: May 29, 2026; Form 4 filed June 2, 2026 (covers the May 29 transactions).
• Award: 817 stock units credited as dividend-equivalent payments (817 @ $0.00; $0 total).
• Gift: 500 shares disposed (500 @ $0.00; $0 total).
• Holdings noted in footnotes: filing references 726 unvested stock units and 54,290 stock units that have vested but for which payment has been deferred; each stock unit equals the right to receive one share.
• Footnotes of note:
  • F1: The 817 units represent dividend-equivalent payments on previously granted stock units and will vest/pay out on the same terms as the underlying awards.
  • F2: Clarifies the breakdown of unvested vs. vested-but-deferred stock units included in the reporting person’s holdings.
• The filing does not provide a single consolidated “shares owned after transaction” number beyond the unit breakdown in the footnotes.

Context

• The 817-unit entry is an award of dividend-equivalent stock units tied to prior grants (not a cash purchase or market buy). Dividend-equivalent and deferred stock units typically vest/pay out under the original award terms.
• The 500-share gift is a non-market disposition and does not necessarily indicate the insider’s view of the company’s stock. Gifts are tax/estate planning or personal transfers and are not direct buy/sell signals.
• No indication in the filing that these transactions involve option exercises, 10% ownership transfers, or a 10b5-1 plan.