Oh Stefan K.L. 4

What Happened
Stefan K.L. Oh, Chief Investment Officer of American Healthcare REIT, had time‑based restricted stock units (RSUs) convert into common shares on March 25, 2026. Two conversions totaled 14,237 shares (9,151 and 5,086). To satisfy tax obligations on the vesting, the issuer withheld 7,245 shares (4,657 and 2,588) at $48.25 per share, totaling $349,571. The filing also reports a new grant of 9,510 time‑based RSUs awarded on March 25, 2026 that will vest in future years.

Key Details

• Transaction dates: March 25, 2026 (vesting/conversion, tax withholding, and new grant).
• Conversions (code M): 9,151 and 5,086 RSUs converted into shares (total 14,237).
• Tax withholding (code F): 4,657 shares withheld for $224,700 and 2,588 shares withheld for $124,871 (total $349,571).
• New award (code A): 9,510 RSUs granted on March 25, 2026; these vest ratably in 2027–2029 (subject to continued employment).
• Footnotes: RSUs convert 1:1 into common stock; prior RSU awards from 2024 and 2025 vest ratably over subsequent years; withholding was used to satisfy tax liability on the vesting.
• Shares owned after the transaction: not reported in the provided excerpt of the filing.
• Filing timing: Report filed March 27, 2026 for transactions on March 25, 2026 — appears to be a timely Form 4 filing.

Context
This was not an open‑market sale or a purchase but routine RSU vesting with a cashless tax withholding (issuer kept shares to cover taxes). The new 9,510‑RSU grant will vest in future years and does not immediately increase tradable shares. Tax withholding on vested equity is common and does not necessarily indicate a change in insider sentiment.