ExchangeRight Income Fund: director Ungerecht Joshua received 22,431.861 shares

What happened

• The Form 4 reports that Joshua Ungerecht, a director, received two grants of NLP Common Units: 16,347.268 Units and 6,084.593 Units on Oct 6, 2026. Price per unit: N/A. Total value: N/A. The grants are reported as derivative securities.

Key details

• Transaction date: Oct 6, 2026; transaction code: A (award/grant).
• Price per unit: N/A; total value: N/A.
• Shares owned after the transaction: not specified on the Form 4.
• Footnotes: F1 describes the Units and states they have no conversion or redemption rights and may derive value from Class I Common Shares; F2 states the Units were issued as merger consideration on Oct 6, 2026 in exchange for 0.6861 Class 1 Beneficial Interests in a DST; F3 and F4 state some Units are held in trusts (a revocable trust for Mr. Ungerecht and his wife, and a trust for his grandmother), that Mr. Ungerecht is a co-trustee and shares voting and dispositive power, and that he disclaims beneficial ownership of the Units directly held by those trusts.
• Filing date of the Form 4: Oct 8, 2026. Exhibit included: Exhibit 24, power of attorney.

Why it may matter

• The filing shows Units were issued as merger consideration rather than bought or sold in the open market.
• The Units are reported as derivative securities that may derive value from the registrant's Class I Common Shares.
• A Form 4 filing does not show why the insider traded or why the company acted.