AH Realty Trust grants director 7,955 incentive units

Available on EDGAR 11/10/2026 - 05:12 PM EST Accepted by SEC EDGAR 11/10/2026 - 05:11 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

AH Realty Trust, Inc. director David Z. Hirsh received a grant of 7,955 unvested Time-Based LTIP Units on November 6, 2026, for board service through the 2027 annual meeting. The award was prorated based on the expected service term, and all units will vest on the date of that meeting. After vesting, the units are convertible at the holder’s option into common units of the Operating Partnership. Except in connection with a Change of Control, they may not be converted until two years after the grant date.

Insider Trade Summary

Grant/Award: 7,955 shares

Grant/Award 1 txn

Insider Hirsh David Z.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Time-Based LTIP Units F1, F2, F3	7,955	$0.00	$0.00

Holdings After Transaction: Time-Based LTIP Units — 7,955 units (Direct)

Holdings Before and After: Time-Based LTIP Units, 0 to 7,955 units (Direct)

Footnotes (3)

1. F1. 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.
2. F2. 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.
3. F3. Represents a grant of unvested Time-Based LTIP Units in respect of the Reporting Person's service on the board of directors of the Company (the "Board") from the date of his appointment to the Board to the date of the 2027 annual meeting of stockholders (the "2027 Annual Meeting"), which grant was a pro-rated amount (based on the term of such expected service) of the annual grant of equity to directors that will vest on the date of the 2027 Annual Meeting. All of the Time-Based LTIP Units will vest on the date of the 2027 Annual Meeting.

Key Figures

Time-Based LTIP Units granted: 7,955 units Vesting date: 2027 annual meeting Conversion restriction: Two years after grant

3 metrics

Time-Based LTIP Units granted 7,955 units Granted November 6, 2026

Vesting date 2027 annual meeting All granted units vest on the date of the meeting

Conversion restriction Two years after grant Except in connection with a Change of Control

Key Terms

Time-Based LTIP Units, Common Units, OP Agreement, Change of Control

4 terms

Time-Based LTIP Units financial

"grant of unvested Time-Based LTIP Units"

Common Units financial

"convertible into common units of limited partnership interest"

Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.

OP Agreement technical

"agreement of limited partnership of the Operating Partnership"

Change of Control technical

"except in connection with a Change of Control"

A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many LTIP units did AHRT director David Z. Hirsh receive?

AHRT director David Z. Hirsh received 7,955 unvested Time-Based LTIP Units on November 6, 2026. The award relates to board service from his appointment through the 2027 annual meeting and was prorated based on that expected service term.

What can AHRT Time-Based LTIP Units convert into?

After vesting, the units are convertible at the holder’s option into common units of AH Realty Trust, LP. Each common unit is redeemable for cash equal to the then-current market value of one AH Realty Trust, Inc. common share or, at the company’s election, one common share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Hirsh David Z.

(Last) (First) (Middle)

C/O AH REALTY TRUST, INC.

4605 COLUMBUS STREET

(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)
11/06/2026

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

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	(1)(2)	11/06/2026		A		7,955(3)		(1)(2)	(1)(2)	Common Stock	7,955	$0	7,955	D

Explanation of Responses:

1. 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.

2. 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.

3. Represents a grant of unvested Time-Based LTIP Units in respect of the Reporting Person's service on the board of directors of the Company (the "Board") from the date of his appointment to the Board to the date of the 2027 annual meeting of stockholders (the "2027 Annual Meeting"), which grant was a pro-rated amount (based on the term of such expected service) of the annual grant of equity to directors that will vest on the date of the 2027 Annual Meeting. All of the Time-Based LTIP Units will vest on the date of the 2027 Annual Meeting.

Remarks:

	/s/ Matthew T. Barnes-Smith, as Attorney-in-Fact for David Z. Hirsh	11/10/2026
	** 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)