Humphrey Scott 4

What Happened

• Scott Humphrey, a director of National Healthcare Properties, Inc. (NHP), was granted 12,500 LTIP units on April 30, 2026. The units were reported as acquired at $0.00 (transaction type: Award/Grant, code A) and are derivative awards rather than immediate common stock.

Key Details

• Transaction date and terms: 2026-04-30 — 12,500 LTIP Units acquired at $0.00 (derivative award).
• Shares/units owned after transaction: Not specified in the provided filing.
• Footnotes (important):
  • LTIP Units are convertible by the issuer into equivalent OP Units (National Healthcare Properties Operating Partnership, L.P. units). OP Units are redeemable for cash or, at the issuer’s election, one-for-one for common shares or the cash value of those shares (F1, F3).
  • Vesting: 25% of the LTIP Units vest on each of the first four anniversaries of the April 30, 2026 grant date, subject to continued service (F2).
  • LTIP Units do not have expiration dates (F1).
• Filing timeliness: Form 4 was filed on 2026-05-04 for a 2026-04-30 grant — within the typical two-business-day reporting window.

Context

• These LTIP Units are long-term incentive/compensation awards that vest over four years and are a form of partnership unit (derivative) rather than immediate common stock. Upon vesting they convert into OP Units, which can be redeemed for cash or converted one-for-one into shares at the issuer’s election. Such grants are common as compensation and do not by themselves indicate an insider buying or selling common stock.