ExchangeRight Income Fund: director Thomas Warren received 5,637.592 shares

What happened

• The filing reports Thomas Warren, director, received 5,637.5921 NLP Common Units (reported as shares) on Oct 8, 2026 (transaction code A — grant/award/acquisition). The filing shows no price or total value (listed as N/A).
• The filing says the Units were issued by ExchangeRight Income Fund Operating Partnership, LP as merger consideration in exchange for 0.3333 Class 1 Beneficial Interests in ExchangeRight Net Leased Portfolio 51 DST.

Key details

• Transaction date and price: Oct 8, 2026; price reported as N/A.
• Shares acquired: 5,637.5921 NLP Common Units.
• Shares owned after the transaction: not stated on the Form 4.
• Relevant footnotes from the filing:
  • F1: Units issued pursuant to an amendment to the partnership agreement; Units are nonconvertible, have no redemption rights, may derive value from Class I common shares, and have no expiration date.
  • F2: Units were issued as merger consideration on Oct 8, 2026 in exchange for 0.3333 Class 1 Beneficial Interests in the DST.
  • F3: Represents Units held directly by W&R Thomas, LLC, a family LLC of Mr. Thomas; Mr. Thomas is the managing member and disclaims beneficial ownership of securities held directly by W&R Thomas, LLC.
• Filing timeliness: Form filed Oct 9, 2026 for an Oct 8, 2026 transaction (not reported as late).

Why it may matter

• This was an issuance of partnership Units as merger consideration, not a purchase or sale in the public market.
• The filing states the Units are not convertible or redeemable and may derive value from the registrant’s Class I common shares.
• A filing does not show why the insider traded or why the company acted.