Patadia Ankit B. 4

What Happened

• Ankit B. Patadia, EVP and Treasurer of Healthpeak Properties, acquired 1,358 shares under the issuer's Employee Stock Purchase Plan (ESPP) on May 29, 2026 at $15.46 per share, a total acquisition value of about $20,997.
• At the same time, 94 shares were forfeited (not sold) to satisfy tax withholding obligations at an indicated value of $19.15 per share (approximately $1,800). The filing treats the forfeiture as tax withholding rather than a sale.

Key Details

• Transaction date: 2026-05-29 (filed on 2026-06-02; filing appears timely).
• Acquisition: 1,358 shares at $15.46/share = $20,997 (code A — award/grant or other acquisition).
• Tax withholding: 94 shares forfeited at $19.15/share = ~$1,800 (code F — tax withholding; per footnote this is not a sale).
• Shares owned after the transaction: not disclosed in the provided data.
• Footnotes: F1 — shares purchased via the Issuer's ESPP; F2 — the forfeiture to satisfy tax withholding does not constitute a sale under the ESPP.

Context

• This was an ESPP purchase (a routine employee purchase), which is generally treated as an acquisition rather than an open-market buy. The forfeiture of shares to cover taxes is common in ESPP transactions and is not treated as a market sale.
• For retail investors, purchases via ESPPs can signal routine employee participation rather than a directional bet; the amounts here are modest (~$21k acquired).