Burke Desiree A. 4

What Happened
Desiree A. Burke, CFO and Treasurer of Gaming & Leisure Properties, Inc. (GLPI), disposed of 9,804 shares on February 27, 2026. The shares were sold in open-market transactions (reporting code S) at a weighted average price of $49.02, for total proceeds of approximately $480,592. This sale was executed pursuant to a pre-established Rule 10b5-1 trading plan.

Key Details

• Transaction date: 2026-02-27
• Transaction type: Sale (open market), 9,804 shares
• Price: weighted average $49.02; individual sale prices ranged $49.00–$49.10 (per footnote)
• Total proceeds: ~$480,592
• Footnotes: (1) Transaction effected under a Rule 10b5-1 plan adopted 05/07/2025. (2) Reported price is a weighted average; reporting person will provide breakdown of shares sold at each price on request.
• Shares owned after transaction: Not specified in the Form 4 filing
• Timeliness: Filing date matches report date (filed 2026-02-27), so appears timely

Context
Sales made under a 10b5-1 plan are pre-arranged and are commonly used by insiders to systematically sell shares; such planned sales are typically considered routine and do not necessarily indicate a change in the insider’s view of the company. Retail investors should treat this as insider selling but note the transaction was pre-specified and disclosed.