Mabry Adam G 4

What Happened
Adam G. Mabry, Chief Investment Officer of Healthpeak Properties, acquired 625 shares on 2026-05-29 at $15.46 per share (total value $9,663) under the company's employee stock purchase plan (ESPP). In connection with that acquisition, 43 shares were forfeited to satisfy tax withholding obligations at an attributed value of $19.15 per share (≈ $823). The filing classifies the 625-share item as an award/acquisition and the 43-share reduction as tax withholding (not a sale).

Key Details

• Transaction date: 2026-05-29 (filed with SEC on 2026-06-02 — within the 2 business-day Form 4 deadline).
• Primary acquisition: 625 shares @ $15.46 = $9,663 (ESPP acquisition).
• Tax withholding: 43 shares forfeited @ $19.15 = $823 (forfeiture to satisfy tax withholding; per footnote this is not a sale).
• Shares owned after transaction: not disclosed in the provided filing.
• Footnotes: F1 confirms the shares came via the Issuer's ESPP; F2 states the forfeiture to satisfy tax withholding does not constitute a sale.

Context
This was an ESPP acquisition (routine employee purchase) rather than an open-market buy or option exercise. Forfeiting shares to cover withholding is common with employee plans and should not be interpreted as an open-market sale by the insider.