Cherry James C. 4

4 · AH Realty Trust, Inc. · Filed Jun 22, 2026

AI-generated summary of this filing

Updated Jun 22, 2026

AHRT Director James C. Cherry Receives 11,695 LTIP Units

What Happened

James C. Cherry, a director of AH Realty Trust, Inc. (AHRT), received a grant of 11,695 Time‑Based LTIP Units in the company's operating partnership on 2026-06-17. The units were awarded at $0.00 (no cash paid). This is an award/grant (derivative) rather than a purchase or sale.

Key Details

Transaction date: 2026-06-17; filing date: 2026-06-22 (filed after the typical two-business-day Form 4 deadline).
Transaction type: A = Award/Grant of derivative securities (Time‑Based LTIP Units).
Amount: 11,695 Time‑Based LTIP Units; grant price reported $0.00.
Shares/units owned after transaction: not specified in the filing.
Vesting/conversion notes (from filing footnotes):
- The units are Time‑Based LTIP Units that will vest in full on the date of the Company’s 2027 Annual Meeting of Stockholders.
- After vesting, the units are convertible, at the holder’s option, into Common Units of the operating partnership, but — except in a change of control — the LTIP Units may not be converted into Common Units until two years after the grant date.
- Each Common Unit is redeemable for cash equal to the then‑current market value of one share of AHRT common stock or, at the company’s election, one share of common stock.
Filing timeliness: The Form 4 was filed 5 days after the reported transaction date, later than the usual two-business-day deadline.

Context

This is a standard long‑term incentive award (unvested LTIP units) for a director. Because these are derivative LTIP units with vesting and conversion restrictions, they are not the same as an immediate stock purchase and may not be converted to common units for up to two years (unless there's a change of control). The award has no immediate cash impact for the director and does not itself indicate a buy/sell signal.

Form 4

Period: 2026-06-17

Director

Transactions

Award
Time-Based LTIP Units
[F1][F2][F3]
2026-06-17+11,695→ 24,614 total
→ Common Stock (11,695 underlying)

Holdings

Footnotes (4)

[F1]Represents Time-Based LTIP Units ("Time-Based LTIP Units") in AH Realty Trust, LP (the "Operating Partnership"), the operating partnership of AH Realty Trust, Inc. (the "Company"), and of which the Company is the general partner. Under the agreement of limited partnership of the Operating Partnership (the "OP Agreement") and subject to conditions set forth in the OP Agreement, following the date on which the Time-Based LTIP Units vest, Time-Based LTIP Units are convertible into common units of limited partnership interest in the Operating Partnership ("Common Units"), at the holder's option. Under the award agreement pursuant to which the Time-Based LTIP Units were granted to the reporting person, except in connection with a Change of Control (as defined in the OP Agreement), the Time-Based LTIP Units may not be converted to Common Units until two years following the date of grant. Time-Based LTIP Units have no expiration date.
[F2]Each Common Unit is redeemable for cash equal to the then-current market value of one share of the Company's common stock or, at the election of the Company, one share of the Company's common stock. Common Units have no expiration date.
[F3]Represents a grant of unvested Time-Based LTIP Units, all of which will vest on the date of the Company's 2027 Annual Meeting of Stockholders.
[F4]Represents Common Units. All Common Units reflected in this report may be tendered for redemption by the holder.

Signature

/s/ Matthew T. Barnes-Smith, as Attorney-in-Fact for James C. Cherry|2026-06-22

1 file