Cameron Dougal A 4

What Happened
Cameron Dougal, a director of Hines Global Income Trust, was granted 7,645.26 restricted Class I shares on November 3, 2025. The shares were awarded at a $0.00 price (reported value $0) as part of director compensation following his re‑election to the board. This was an award/grant (A) transaction rather than an open‑market purchase or sale.

Key Details

• Transaction date: November 3, 2025; Filing date (Form 4): January 30, 2026 (filed late relative to the usual 2‑business‑day requirement).
• Shares granted: 7,645.26 restricted Class I shares; reported acquisition price: $0.00 (award).
• Footnote F1: Shares are restricted and were granted following re‑election to the board on September 30, 2025.
• Footnote F2: The filing notes that the reported beneficial ownership totals include both Class AX and Class I shares. The filing excerpt provided does not state the total shares beneficially owned after this grant.
• Transaction code: A = Award/Grant.

Context
Restricted share awards are a form of compensation and typically vest over time or upon meeting conditions; they are not immediate open‑market purchases and thus do not directly signal an instantaneous personal investment decision. The late filing reduces near‑term transparency about insider activity but does not, by itself, indicate wrongdoing.