Carroll James A 4

What Happened James A. Carroll, a director of AH Realty Trust, Inc. (AHRT), received a grant of 11,695 Time‑Based LTIP Units in AH Realty Trust, LP on 2026-06-17. The award is recorded as a derivative grant (transaction code A) with $0 cash paid at grant (reported value $0). These units are convertible into common units of the Operating Partnership subject to the OP Agreement and the award terms.

Key Details

• Transaction date: 2026-06-17; Price/consideration: $0 per unit; Amount: 11,695 Time‑Based LTIP Units.
• Vesting: All granted Time‑Based LTIP Units will vest on the date of the Company's 2027 Annual Meeting of Stockholders (per footnote F3).
• Conversion/timing: Time‑Based LTIP Units are convertible to Common Units after vesting but, except in a Change of Control, may not be converted into Common Units until two years after the grant (footnote F1).
• Common Unit features: 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 Company's election, one share of common stock (footnote F2); Common Units have no expiration and may be tendered for redemption by the holder (footnote F4).
• Shares owned after transaction: Not disclosed in this filing.
• Filing timeliness: Transaction reported on Form 4 filed 2026-06-22 (appears to be a late filing relative to the 2-business-day Form 4 timing requirement).

Context This was an awards/grant transaction (not an open‑market purchase or sale). The LTIP units are a form of long-term incentive tied to the Operating Partnership and carry conversion and vesting restrictions; they represent future economic exposure rather than immediate stock purchases or sales. The reported $0 consideration reflects that the units were granted, not purchased.