BIGMAN THEODORE 4

What Happened
Theodore Bigman, a director of AH Realty Trust, Inc. (AHRT), received a grant of 11,695 Time‑Based LTIP Units in AH Realty Trust, LP on June 17, 2026. The award is reported as a derivative acquisition at $0.00 per unit (no cash paid). Under the award agreement the units are unvested and will vest on the date of the Company’s 2027 Annual Meeting of Stockholders.

Key Details

• Transaction date: June 17, 2026; Filing date: June 22, 2026 (filing reported late).
• Security: 11,695 Time‑Based LTIP Units (derivative award), reported acquisition price $0.00.
• Vesting: All units vest on the Company’s 2027 Annual Meeting (per filing).
• Conversion/redeemability: Time‑Based LTIP Units are convertible into Common Units of the operating partnership at the holder’s option after vesting, but (absent a change of control) may not be converted to Common Units until two years after the grant. 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 AHRT common stock.
• Shares owned after transaction: Not specified in the filing.
• Transaction code: A = Award/Grant (derivative).
• Timeliness: Filing was delayed relative to the transaction date (reported late).

Context
This was a compensation grant (an award of LTIP units), not an open‑market purchase or sale. Such awards are common for directors/executives as part of long‑term incentive programs and do not by themselves indicate a personal cash investment or immediate market sentiment. The units are subject to vesting and conversion restrictions; they do not represent immediately tradable AHRT common stock.