Major holders of Janus Living (JAN) disclose initial ownership stakes

Rhea-AI Filing Summary

Janus Living, Inc. insiders have reported their initial ownership positions. Entities associated with the company indirectly hold 75,917,780 OP Units in Janus Living OP, LLC, which are linked one-for-one to Class A-1 Common Stock. Janus Member LLC also indirectly holds 138,816,246 shares of Class A-1 Common Stock and 75,917,780 shares of Class A-2 Common Stock, reflecting substantial voting and economic interests.

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

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1. Name and Address of Reporting Person^*

HEALTHPEAK PROPERTIES, INC.

(Last) (First) (Middle)

C/O HEALTHPEAK PROPERTIES, INC.

4600 SOUTH SYRACUSE STREET, SUITE 500

(Street)

DENVER COLORADO 80237

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/20/2026

3. Issuer Name and Ticker or Trading Symbol
Janus Living, Inc. [ JAN ]

3a. Foreign Trading Symbol

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

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

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

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A-1 Common Stock	138,816,246	I	By Janus Member LLC
Class A-2 Common Stock(1)	75,917,780	I	By Janus Member LLC

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
OP Units	(2)	(2)	Class A-1 Common Stock	75,917,780	(2)	I	By CCRC PropCo Ventures

1. Name and Address of Reporting Person^*

HEALTHPEAK PROPERTIES, INC.

(Last) (First) (Middle)

C/O HEALTHPEAK PROPERTIES, INC.

4600 SOUTH SYRACUSE STREET, SUITE 500

(Street)

DENVER COLORADO 80237

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Janus Member, LLC

(Last) (First) (Middle)

C/O HEALTHPEAK PROPERTIES, INC.

4600 SOUTH SYRACUSE STREET, SUITE 500

(Street)

DENVER COLORADO 80237

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

CCRC PropCo Ventures, LLC

(Last) (First) (Middle)

C/O HEALTHPEAK PROPERTIES, INC.

4600 SOUTH SYRACUSE STREET, SUITE 500

(Street)

DENVER COLORADO 80237

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. Shares of Class A-2 Common Stock provide a one-for-one voting right per common unit of membership interest ("OP Unit") in Janus Living OP, LLC, a subsidiary of the Issuer ("Janus OP"), directly or indirectly held by the reporting persons, until such OP Unit is sold, transferred or otherwise disposed of to any person or entity (other than the reporting persons or certain affiliates), redeemed for cash or, at the election of the Issuer, exchanged for shares of Class A-1 Common Stock pursuant to the terms of the Janus OP operating agreement.

2. OP Units are redeemable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's Class A-1 Common Stock or, at the option of Janus OP, convertible to shares of Class A-1 Common Stock on a one-for-one basis, and have no expiration date.

	HealthPeak Properties, Inc. /s/ Carol B. Samaan, Senior Vice President, Deputy General Counsel, and Corporate Secretary	03/20/2026
	Janus Member, LLC /s/ Carol B. Samaan, Senior Vice President, Deputy General Counsel and Corporate Secretary	03/20/2026
	CCRC PropCo Ventures, LLC /s/ Shawn G. Johnston, Executive Vice President and Chief Financial Officer	03/20/2026
	** 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 5 (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 3: SEC 1473 (03-26)

FAQ

What does the Janus Living (JAN) Form 3 filing disclose?

The Form 3 discloses initial ownership positions in Janus Living, Inc. Indirect holdings include OP Units tied to Class A-1 Common Stock, as well as large positions in Class A-1 and Class A-2 Common Stock held through affiliated entities, establishing baseline insider stakes.

How many OP Units tied to Janus Living Class A-1 stock are held?

Entities associated with Janus Living indirectly hold 75,917,780 OP Units, each linked to one share of Class A-1 Common Stock. These OP Units can be redeemed for cash equal to the fair market value of Class A-1 or exchanged into Class A-1 shares on a one-for-one basis.

What indirect holdings of Janus Living Class A-1 Common Stock are reported?

Janus Member LLC indirectly holds 138,816,246 shares of Class A-1 Common Stock. This position reflects a significant economic interest in Janus Living, Inc. and forms part of the baseline ownership reported on the Form 3 for the related reporting persons and affiliated entities.

What is Janus Living Class A-2 Common Stock and how many shares are held?

Class A-2 Common Stock provides one-for-one voting rights per OP Unit held in Janus Living OP, LLC. Janus Member LLC indirectly holds 75,917,780 shares of Class A-2, aligning voting power with OP Unit ownership until those units are redeemed, transferred, or exchanged.

How do OP Units in Janus Living OP, LLC function for investors?

OP Units are redeemable or exchangeable instruments. Holders may redeem them for cash equal to the fair market value of one Class A-1 share, or Janus OP can choose to convert them into Class A-1 Common Stock on a one-for-one basis, with no expiration date.

Are the Janus Living holdings reported as direct or indirect ownership?

All positions in this Form 3 are reported as indirect ownership. The OP Units are held through CCRC PropCo Ventures, while the Class A-1 and Class A-2 Common Stock positions are held through Janus Member LLC, reflecting ownership via affiliated entities rather than directly by individuals.