Brinker Scott M 4

What Happened

• Scott M. Brinker, President, CEO and a director of Healthpeak Properties, reported a gift transaction on May 14, 2026 involving 60,186 derivative units. The Form 4 shows both an acquisition and a disposition of 60,186 units (each reported at $0), reflecting the conversion/transfer and the subsequent gift. The units are "OP Units" of Healthpeak OP, LLC that are redeemable for cash equal to the fair market value of one share of Healthpeak common stock or, at Healthpeak OP's option, convertible into one share of common stock on a one-for-one basis.

Key Details

• Transaction date: May 14, 2026; Form filed May 18, 2026 (timely under the two-business-day rule).
• Reported transactions: Gift (code G) — 60,186 units disposed and 60,186 units acquired; reported price/value $0.00.
• Shares/units transferred: 60,186 OP Units (formerly reported as LTIP Units per footnote).
• Footnotes: F1 explains that LTIP Units converted to OP Units which are redeemable or convertible into common stock; F2 states the OP Units were transferred to a revocable trust of the reporting person's spouse.
• The filing does not state Brinker's holdings after the transfer.

Context

• This was a gift transaction, not a purchase or sale for cash; such transfers are often estate- or tax-planning moves and do not necessarily signal the insider's view of the company.
• The units are derivative membership interests (convertible/redeemable for common stock), so the report reflects a transfer of equity-linked units rather than an open-market trade of shares.