Weil Edward M Jr. 4

What Happened

• Edward M. Weil Jr., a director of National Healthcare Properties, Inc. (NHP), was granted 12,500 LTIP units on April 30, 2026. The Form 4 reports the acquisition as a derivative award at $0.00 (no cash paid at grant).
• These LTIP units are not common shares today — they are a class of limited partnership units that can convert into OP Units and ultimately be redeemed for cash or, at the issuer’s election, one-for-one into NHP common stock. The grant’s reported dollar value at issuance is $0.

Key Details

• Transaction date: April 30, 2026; filing date (accession): May 4, 2026.
• Grant: 12,500 LTIP units; reported price: $0.00 (award/derivative, code A).
• Vesting: 25% vests on each of the first four anniversaries of April 30, 2026, subject to continued service.
• Conversion/redemption: LTIP Units convert to OP Units; OP Units are redeemable for cash or, at the Issuer’s election, shares of NHP common stock on a one-for-one basis. LTIP Units have no expiration.
• Shares/units owned after transaction: not specified in the supplied filing excerpt.
• Filing timeliness: filed May 4, 2026 (see filing for any late‑filing flag).

Context

• This was a non‑cash long‑term incentive award (derivative units), not an open‑market purchase or sale. Such awards are common for aligning management/director interests with shareholders but do not represent an immediate cash investment by the insider.
• Vesting and conversion terms determine when these units may become economically meaningful (cash or stock).