AH Realty Trust grants 11,695 LTIP units to director

AH Realty Trust, Inc. director Lori Wittman received a grant of 11,695 Time-Based LTIP Units as equity compensation.

Rhea-AI Filing Summary

AH Realty Trust, Inc. director Lori Wittman received a grant of 11,695 Time-Based LTIP Units as equity compensation. These unvested units will vest on the date of the company’s 2027 annual stockholders’ meeting and are designed to convert into Operating Partnership Common Units, which can then be redeemed for cash or shares of common stock at the company’s election.

Insider Trade Summary

Grant/Award: 11,695 shares

Grant/Award 1 txn

Insider Wittman Lori

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 — 11,695 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

LTIP units granted: 11,695 Time-Based LTIP Units Underlying common stock: 11,695 shares of Common Stock Exercise/convert price: $0.0000 per unit +1 more

4 metrics

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

Underlying common stock 11,695 shares of Common Stock Underlying security shares corresponding to the Time-Based LTIP Units

Exercise/convert price $0.0000 per unit Conversion or exercise price listed for the Time-Based LTIP Units

Post-transaction holdings 11,695 Time-Based LTIP Units Total Time-Based LTIP Units held by Lori Wittman after the grant

Key Terms

Time-Based LTIP Units, Operating Partnership, OP Agreement, Common Units, +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"

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.

OP Agreement financial

"Under the agreement of limited partnership of the Operating Partnership (the "OP Agreement")"

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)"

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.

What did AHRT director Lori Wittman receive in this Form 4 filing?

Lori Wittman received a grant of 11,695 Time-Based LTIP Units as equity compensation. These units relate to AH Realty Trust, LP, the operating partnership of AH Realty Trust, Inc., and are tied to the company’s common stock through a multi-step conversion and redemption structure.

When do Lori Wittman’s AHRT Time-Based LTIP Units vest?

All 11,695 Time-Based LTIP Units granted to Lori Wittman will vest on the date of AH Realty Trust, Inc.’s 2027 Annual Meeting of Stockholders. Until vesting, they remain unvested awards and are subject to the terms and conditions of the applicable award and partnership agreements.

How can AHRT Time-Based LTIP Units held by Lori Wittman be converted?

After vesting and subject to the partnership agreement, Time-Based LTIP Units are convertible into Common Units of the operating partnership at the holder’s option. Except in a defined Change of Control, conversion to Common Units is restricted until two years after the original grant date.

What can AHRT Common Units received from LTIP conversion be exchanged for?

Each Common Unit 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. Common Units have no expiration date under the disclosed terms.

Do AHRT Time-Based LTIP Units or Common Units have an expiration date?

The filing states that Time-Based LTIP Units have no expiration date. It also notes that each resulting Common Unit of the operating partnership likewise has no expiration date, providing ongoing potential for redemption into cash or shares of AH Realty Trust, Inc. common stock.

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

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Accepted by SEC EDGAR 06/22/2026 - 06:39 PM EDT 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^*

Wittman Lori

(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	11,695	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 Lori B. Wittman	06/22/2026
	** 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)