Penn Buddie J 4

What Happened

• Penn Buddie, a director of National Healthcare Properties, received a grant of 7,446 LTIP units on May 15, 2026. The transaction is recorded at $0 (award/derivative grant), not an open‑market purchase or sale.

Key Details

• Transaction date and type: May 15, 2026 — Award/Grant (code A); recorded price $0.00 for 7,446 LTIP units.
• Shares/units owned after transaction: Not specified in this filing.
• Footnotes of note:
  • The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P. (F2).
  • Upon vesting and following certain events, LTIP Units are convertible by the issuer into an equivalent number of OP Units, which are redeemable for cash or, at the issuer’s election, one share of the issuer’s common stock per OP Unit (F1).
  • The LTIP Units will vest on May 15, 2027, contingent on continued service (F3). LTIP Units have no expiration date.
• Filing timeliness: Filed May 19, 2026 for a May 15 transaction — this filing is within the standard two business‑day window.

Context

• This was a compensation award (derivative grant), not a market purchase or sale. The units do not vest until May 15, 2027 and are convertible/redeemable upon vesting; therefore no immediate shares were acquired or sold. Such grants are common as long‑term incentive compensation and do not by themselves indicate insider buying or selling sentiment.