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National Healthcare Properties, Inc.·4

May 19, 5:27 PM ET

Tuppeny Elizabeth K. 4

Research Summary

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NHP Director Elizabeth Tuppeny Receives 7,446 LTIP Units

What Happened
Elizabeth Tuppeny, a director of National Healthcare Properties, Inc. (NHP), was awarded 7,446 LTIP units on May 15, 2026. The award is reported as an acquisition (grant) of a derivative security at a reported price of $0.00 (value shown $0 in the filing). These LTIP units are not immediate common shares; they are a class of limited partnership units of NHP’s operating partnership.

Key Details

  • Transaction date: 2026-05-15; Filing date: 2026-05-19 (Form 4 accession 0001575737-26-000005).
  • Transaction type/code: A (Grant/Award); derivative award of 7,446 LTIP units at $0.00.
  • Shares/units owned after transaction: not specified in the provided filing summary.
  • Vesting: LTIP units vest on May 15, 2027, subject to continued service (footnote F2).
  • Convertible/redeemable: After vesting and upon certain events, LTIP units convert to equivalent OP units, which are redeemable for cash or, at the issuer’s election, one common share per OP unit or cash value (footnotes F1, F3). LTIP units have no expiration date.
  • No indication in the filing of a sale, tax withholding, 10b5-1 plan, or late-timing flag in the provided data.

Context
This was an equity award (not a cash purchase or sale). For retail investors, awards like LTIP units can align insiders’ interests with shareholders but do not represent immediate share purchases or sales. The economic value depends on future vesting, conversion, and the issuer’s choice to redeem or convert units into common stock.