National Healthcare Properties, Inc.: class A shares converted to common stock

What happened National Healthcare Properties, Inc. filed an 8-K reporting that on Oct 18, 2026 each of the 44,275,000 then-issued and outstanding shares of Class A common stock automatically converted into issued and outstanding shares of the company’s common stock on a one-for-one basis pursuant to Section 4 of the Class A Articles Supplementary. Immediately upon and concurrent with the conversion, no shares of Class A common stock remained issued or outstanding, and there were 72,910,570 shares of common stock issued and outstanding.

Key details

• The Class A Articles Supplementary was filed with the SDAT on Apr 10, 2026 and provided for automatic conversion 180 calendar days after the date of the final prospectus declared effective Apr 21, 2026.
• The company states the conversion did not change economic rights (dividends, liquidation) other than the prior separate class voting right on certain charter amendments.
• Effective at 9:30 a.m. Eastern time on Oct 19, 2026, common stock began trading on the Nasdaq Global Market under the symbol "NHP" and Class A common stock ceased trading.
• In connection with the conversion, the common stock was assigned CUSIP No. 42226B600; the prior CUSIP for Class A common stock is no longer in use. The total authorized shares remained 350,000,000 (300,000,000 common, 50,000,000 preferred).

Why it may matter This 8-K reports Item 3.03 (material modification to rights of security holders) regarding the automatic conversion of Class A common stock into common stock and Item 8.01 (other events) regarding the CUSIP assignment and trading change. The filing does not show why the insider traded or why the company acted.