AH Realty director granted 11,695 LTIP units

AH Realty Trust, Inc. director Jennifer R. Boykin received a grant of 11,695 Time-Based LTIP Units in AH Realty Trust, LP.

Rhea-AI Filing Summary

AH Realty Trust, Inc. director Jennifer R. Boykin received a grant of 11,695 Time-Based LTIP Units in AH Realty Trust, LP. These unvested units will fully vest on the date of the Company's 2027 Annual Meeting of Stockholders, increasing her direct LTIP holdings to 21,332 units.

After vesting and subject to conditions in the Operating Partnership agreement, the Time-Based LTIP Units can be converted into Common Units, which are each redeemable for cash equal to the then-current market value of one share of AH Realty Trust, Inc. common stock or, at the Company's election, one share of its common stock.

Insider Trade Summary

Grant/Award: 11,695 shares

Grant/Award 1 txn

Insider Boykin Jennifer R.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Time-Based LTIP Units	11,695	$0.00	$0.00

Holdings After Transaction: Time-Based LTIP Units — 21,332 contracts (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, all of which will vest on the date of the Company's 2027 Annual Meeting of Stockholders.

Key Figures

Time-Based LTIP Units granted: 11,695 units Total LTIP Units after grant: 21,332 units Vesting date: 2027 Annual Meeting of Stockholders +2 more

5 metrics

Time-Based LTIP Units granted 11,695 units Grant to director on 2026-06-17

Total LTIP Units after grant 21,332 units Director’s direct holdings following transaction

Vesting date 2027 Annual Meeting of Stockholders All granted Time-Based LTIP Units vest on this date

Underlying common stock equivalence 11,695 shares Underlying common stock tied to granted units

Exercise/conversion price $0.00 per unit Reported conversion or exercise price for LTIP Units

Key Terms

Time-Based LTIP Units, Operating Partnership, Common Units, Change of Control, +1 more

5 terms

Time-Based LTIP Units financial

"Represents Time-Based LTIP Units ("Time-Based LTIP Units") in AH Realty Trust, LP"

Operating Partnership financial

"in AH Realty Trust, LP (the "Operating Partnership"), the operating partnership of AH Realty Trust, Inc."

An operating partnership is a separate legal entity set up to own and run a company’s core assets and day-to-day businesses, while investors hold interests indirectly through the parent company. Think of it like a dedicated garage that actually stores and services the cars while the owner keeps the dealership; it matters to investors because it affects how income, taxes, liability and voting rights are allocated and therefore can influence distributions and risk.

Common Units financial

"Time-Based LTIP Units are convertible into common units of limited partnership interest in the Operating Partnership ("Common Units")"

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.

Change of Control financial

"except in connection with a Change of Control (as defined in the OP Agreement), the Time-Based LTIP Units may not be converted"

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.

Annual Meeting of Stockholders financial

"all of which will vest on the date of the Company's 2027 Annual Meeting of Stockholders"

FAQ

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

What did AH Realty Trust (AHRT) director Jennifer R. Boykin receive in this Form 4 filing?

Director Jennifer R. Boykin received a grant of 11,695 Time-Based LTIP Units in AH Realty Trust, LP. These units are a form of equity-based compensation that can later convert into partnership Common Units, aligning her interests more closely with the Company’s long-term performance.

What are Time-Based LTIP Units reported for AH Realty Trust (AHRT)?

Time-Based LTIP Units are long-term incentive units in AH Realty Trust, LP that vest over time. Once vested and subject to the Operating Partnership agreement, they can be converted into Common Units, which are then redeemable for cash or, at the Company’s election, common stock.

When do Jennifer R. Boykin’s newly granted AHRT Time-Based LTIP Units vest?

All 11,695 granted Time-Based LTIP Units will vest on the date of AH Realty Trust, Inc.’s 2027 Annual Meeting of Stockholders. Until that vesting date, they remain unvested incentive units and cannot be converted into Common Units under the award’s terms.

How many Time-Based LTIP Units does Jennifer R. Boykin hold after this AHRT grant?

Following the grant, Jennifer R. Boykin holds a total of 21,332 Time-Based LTIP Units directly. The Form 4 shows this as her total Time-Based LTIP Unit position after the transaction, reflecting the addition of 11,695 newly granted units to her prior holdings.

How can AH Realty Trust (AHRT) Operating Partnership Common Units be settled?

Each Common Unit of AH Realty Trust, LP is redeemable for cash equal to the then-current market value of one share of AH Realty Trust, Inc. common stock or, at the Company’s election, one share of its common stock, with no expiration date specified.

When can the AHRT Time-Based LTIP Units be converted to Common Units?

Under the award agreement, except in connection with a Change of Control, the Time-Based LTIP Units may not be converted to Common Units until two years after the grant date. Conversion also remains subject to the conditions in the Operating Partnership’s agreement.

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

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Accepted by SEC EDGAR 06/30/2026 - 04:50 PM Learn about SEC filing 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^*

Boykin Jennifer R.

(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)
06/17/2026

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)	06/17/2026		A		11,695(3)		(1)(2)	(1)(2)	Common Stock	11,695	$0	21,332	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, all of which will vest on the date of the Company's 2027 Annual Meeting of Stockholders.

Remarks:

	/s/ Matthew T. Barnes-Smith, as Attorney-in-Fact for Jennifer R. Boykin	06/30/2026
	** 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)