Patadia Ankit B. 4

What Happened Ankit B. Patadia, EVP and Treasurer of Healthpeak Properties, received performance-based LTIP unit awards on January 28, 2026. The filing shows two grants/awards of derivative LTIP Units totaling 16,895 units (1,079 and 15,816). No per-unit price is reported because these are equity-based compensation (derivative/profits interest units), not open-market purchases or sales.

Key Details

• Transaction date: January 28, 2026; Form 4 filed January 30, 2026 (appears within the normal two-business-day filing window).
• Grants: 1,079 LTIP Units (F2) and 15,816 LTIP Units (F3); total = 16,895 LTIP Units.
• Price: N/A (derivative award / no cash purchase).
• Shares owned after transaction: Not specified in the provided filing.
• Relevant footnotes:
  • F1: LTIP Units are profits-interest membership units in Healthpeak OP that have no expiration, may be converted to OP Units, and OP Units are redeemable for cash equal to one share of the issuer’s common stock or convertible to common stock on a one-for-one basis.
  • F2: The 1,079 LTIP Units were previously granted 2/15/2023 and were determined to have satisfied performance conditions and vested in full on 1/28/2026.
  • F3: The 15,816 LTIP Units were previously granted on 2/7/2025 and 5/1/2025, were deemed earned on 1/28/2026, and will vest in one‑third increments on the first, second and third anniversaries of 2/7/2025, subject to continued employment.
• Transaction code: A = Award/Grant.

Context These LTIP Units are derivative compensation (profits interests) that can convert to OP units and ultimately to cash or common stock; they are compensation-related, not an open-market buy or sell. The smaller 2023 award vested immediately on the determination date; the larger 2025 awards are earned but remain subject to future time-based vesting (one-third each year). Such awards reflect compensation and performance-plan outcomes rather than direct insider buying or selling of stock.