Carroll James A 4

4 · AH Realty Trust, Inc. · Filed Jul 6, 2026

AI-generated summary of this filing

Updated Jul 6, 2026

AH Realty (AHRT) Director James A. Carroll Exercises 4,981 LTIP Units

What Happened

James A. Carroll, a director of AH Realty Trust, Inc. (AHRT), reported exercising/converting 4,981 in‑the‑money derivative units on July 1, 2026. The filing shows both an acquisition and a disposition of 4,981 units at $0.00 under transaction code X (exercise/conversion of a derivative). No cash proceeds or exercise price were reported.

Key Details

Transaction date: 2026-07-01; Form 4 filed: 2026-07-06 (appears later than the typical 2‑business‑day Form 4 deadline).
Amounts: 4,981 units acquired and 4,981 units disposed; price reported $0.00 for both entries.
Transaction code: X (exercise/conversion of a derivative instrument).
Shares owned after transaction: not specified in the supplied filing details.
Footnotes of note:
- F1/F3: These were Time‑Based LTIP Units granted July 1, 2024 and converted into Common Units at the holder’s election.
- F2/F4: Common Units can be redeemed for cash equal to the market value of one share or, at the company’s election, converted into shares; Common Units have no expiration and may be tendered for redemption.

Context

This was a conversion of awarded LTIP units into Common Units (a derivative exercise), not an open‑market sale. The report does not show any cash sale of the resulting units or proceeds; it documents the conversion/exercise itself.
For retail investors: conversions of LTIP units often reflect vesting and standard executive compensation processes rather than a directional trade (buying stock) or a sale to realize cash. The filing date is several days after the transaction date, which may indicate a late Form 4 filing.

Form 4

Period: 2026-07-01

Director

Transactions

Exercise of In-Money
Time-Based LTIP Units
[F1][F2][F3]
2026-07-01−4,981→ 19,633 total
→ Common Stock (4,981 underlying)
Exercise of In-Money
Common Units
[F2][F4][F3]
2026-07-01+4,981→ 9,626 total
→ Common Stock (4,981 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 the conversion of Time-Based LTIP Units granted on July 1, 2024 into Common Units at the election of the reporting person.
[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 A. Carroll|2026-07-06

1 file