ExchangeRight Income Fund (NONE): director Ungerecht Joshua received 5,637.592 shares

What happened

• Ungerecht Joshua, a director, received 5,637.592 NLP Common Units (reported as shares) on Oct 8, 2026. The filing reports no price or total value for the issuance.
• The units were issued as merger consideration by the operating partnership.

Key details

• Transaction date: Oct 8, 2026; transaction code: A (award/grant/acquisition); price: N/A.
• Shares owned after the transaction: 5,637.592 Units (reported as held in a revocable trust for the benefit of Mr. Ungerecht and his wife and children).
• Relevant footnotes from the filing:
  • F1: The reported NLP Common Units were issued pursuant to an amendment dated Oct 5, 2026; Units are not convertible, have no redemption rights, and have no expiration date; they may derive value from the registrant’s Class I Common Shares.
  • F2: The Operating Partnership issued 5,637.5921 Units to the reporting person as merger consideration in exchange for 0.3333 Class 1 Beneficial Interests in the DST held by the reporting person.
  • F3: The reported shares are held in a revocable trust; Mr. Ungerecht is co-trustee and shares voting and dispositive power with his wife and disclaims beneficial ownership of shares directly held by the trust.
• Filing date: Oct 9, 2026. The filing includes Exhibit 24 — Power of Attorney.

Why it may matter

• This transaction was an issuance of partnership units as merger consideration, not a purchase or sale on the open market.
• The filing does not show why the insider traded or why the company acted.