AH Realty Trust (NYSE: AHH) director receives 855-share award

Rhea-AI Filing Summary

AH Realty Trust director James A. Carroll received 855 shares of common stock as a stock award, valued at $6.028 per share, granted in lieu of a portion of his cash retainer. This is a compensation-related acquisition rather than an open‑market purchase.

After the grant, he directly holds 42,918 common shares. He also holds Time-Based LTIP Units and Common Units in the operating partnership, which are convertible or redeemable into common stock under specified partnership and award agreement terms, with no stated expiration dates.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Carroll James A

(Last) (First) (Middle)

C/O AH REALTY TRUST, INC.

222 CENTRAL PARK AVENUE, SUITE 1000

(Street)

VIRGINIA BEACH VIRGINIA 23462

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
AH Realty Trust, Inc. [ AHRT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/16/2026		A		855(1)	A	$6.028	42,918	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Time-Based LTIP Units	(2)(3)							(2)(3)	(2)(3)	Common Stock	12,919		12,919	D
Common Units	(3)(4)							(3)(4)	(3)(4)	Common Stock	4,645		4,645	D

Explanation of Responses:

1. These shares were issued to the director in lieu of a portion of his cash retainer.

2. Represents Time-Based LTIP Units ("Time-Based LTIP Units") in AH Realty Trust, LP (the "Operating Partnership"), the operating partnership of AH Realty Trust, Inc. (the "Company"), and of which the Company is the general partner. Under the agreement of limited partnership of the Operating Partnership (the "OP Agreement") and subject to conditions set forth in the OP Agreement, following the date on which the Time-Based LTIP Units vest, Time-Based LTIP Units are convertible into common units of limited partnership interest in the Operating Partnership ("Common Units"), at the holder's option. Under the award agreement pursuant to which the Time-Based LTIP Units were granted to the reporting person, except in connection with a Change of Control (as defined in the OP Agreement), the Time-Based LTIP Units may not be converted to Common Units until two years following the date of grant. Time-Based LTIP Units have no expiration date.

3. Each Common Unit is redeemable for cash equal to the then-current market value of one share of the Company's common stock or, at the election of the Company, one share of the Company's common stock. Common Units have no expiration date.

4. Represents Common Units. All Common Units reflected in this report may be tendered for redemption by the holder.

Remarks:

	/s/ Matthew T. Barnes-Smith, as Attorney-in-Fact for James A. Carroll	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did AH Realty Trust (AHH) report for James A. Carroll?

AH Realty Trust reported a stock award to director James A. Carroll. He received 855 shares of common stock on March 16, 2026 as a compensation grant, not an open-market purchase, reflecting equity in lieu of a portion of his cash retainer.

How many AH Realty Trust (AHH) shares does James A. Carroll hold after this Form 4?

After the grant, James A. Carroll directly holds 42,918 common shares. This total includes his existing stake plus the 855-share stock award, providing context for the scale of this compensation-related transaction relative to his overall position.

Was the AH Realty Trust (AHH) Form 4 transaction a stock purchase or a grant?

The transaction was a stock grant, not an open-market purchase. The 855 common shares were issued to the director as compensation in lieu of part of his cash retainer, which is typical for equity-based director pay programs.

What are Time-Based LTIP Units reported in the AH Realty Trust (AHH) Form 4?

Time-Based LTIP Units are partnership units convertible into common stock. They are issued in AH Realty Trust, LP, can convert into common units after vesting, and those common units may be redeemed for cash or AH Realty Trust common shares, with no expiration date.

What are the Common Units disclosed for James A. Carroll in AH Realty Trust (AHH)?

Common Units represent partnership interests tied to AH Realty Trust common stock. Each Common Unit is redeemable for cash equal to the market value of one common share or, at the company’s election, one share of common stock, with no expiration date.

How many LTIP and Common Units linked to AH Realty Trust (AHH) stock does Carroll hold?

Carroll holds 12,919 Time-Based LTIP Units and 4,645 Common Units. Both classes are tied economically to AH Realty Trust common stock through conversion or redemption features, supplementing his 42,918 directly held common shares.