Humphrey Scott 4

What Happened

• Scott Humphrey, a director of National Healthcare Properties, Inc. (NHP), was granted 9,935 LTIP Units (a derivative award) on May 15, 2026. The grant was recorded at $0.00 per unit (an award, not a purchase), so no cash changed hands at grant.
• The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P. and are convertible into an equivalent number of OP Units, which are redeemable for cash or, at the Issuer’s election, one-for-one into NHP common shares (or the cash value of such shares).

Key Details

• Transaction date and type: May 15, 2026 — Award/Grant (code A). Report filed May 19, 2026 (within the normal Form 4 reporting window).
• Quantity and price: 9,935 LTIP Units granted at $0.00 per unit (derivative award).
• Vesting: The LTIP Units vest on May 15, 2027, subject to continued service through that date (one-year vesting condition).
• Unit mechanics: LTIP Units are limited partnership units (OP Units upon conversion), redeemable for cash or, at the issuer’s election, common shares on a one-for-one basis; LTIP Units have no expiration.
• Holdings after transaction: The filing reports the 9,935-unit grant; total subsequent common stock or OP Unit holdings of the reporting person were not specified in the provided details.

Context

• This was a grant/award (not a purchase or sale) and therefore does not reflect an immediate bullish or bearish trading action. The award vests only if the recipient remains in service through 5/15/2027 and converts to OP Units (and potentially shares or cash) only upon conversion/redemption per the footnotes.
• For retail investors, awards like this are compensation-related and do not necessarily signal near-term insider trading intent.