[Form 4] EPR Properties Insider Trading Activity

Rhea-AI Filing Summary

Insider sale under pre-established plan: An executive of EPR Properties sold 7,500 common shares at $53.3475 per share pursuant to a Rule 10b5-1 trading plan. After the sale the reporting person beneficially owned 88,877 shares, held indirectly through the Fourth Amended and Restated Gregory E. Zimmerman Revocable Trust dated June 2, 2015. The filing notes the trading plan was adopted on March 19, 2025, and the sale was effected pursuant to that plan, indicating the transaction followed a pre-authorized schedule rather than an ad hoc trade.

Positive

• Sale executed under a Rule 10b5-1 trading plan, indicating the transaction followed a pre-authorized, written schedule
• Beneficial ownership disclosed with 88,877 shares held indirectly via the named revocable trust, improving transparency

Negative

• Reporting person reduced holdings by 7,500 common shares through the reported sale

Insights

Securities Analyst

TL;DR: Executive disposed of a modest block of shares through a pre-established 10b5-1 plan; transaction appears procedural, not a sudden market event.

The sale of 7,500 shares at $53.3475 was executed under a Rule 10b5-1 plan, which typically mitigates insider timing concerns by following pre-authorized instructions. The report shows indirect beneficial ownership of 88,877 shares remaining via a revocable trust, clarifying beneficial ownership structure. For investors, the disclosure confirms compliance with an established trading plan but does not on its own indicate a change in company fundamentals.

Corporate Governance Expert

TL;DR: Transaction documented under an adopted 10b5-1 plan; disclosure aligns with standard insider trading governance practices.

The Form 4 specifies that the sale was effected pursuant to a 10b5-1 trading plan adopted March 19, 2025, showing the reporting person followed a written plan that can provide an affirmative defense under Rule 10b5-1. The filing also discloses indirect ownership via a named trust, which improves transparency around the executive's stake. This is a routine, governance-compliant disclosure without further material signals in the filing.

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).

X

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^*

Zimmerman Gregory E

(Last) (First) (Middle)

909 WALNUT, SUITE 200

(Street)

KANSAS CITY MO 64106

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EPR PROPERTIES [ EPR ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Investment Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

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

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

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

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 Shares of Beneficial Interest	09/02/2025		S(1)		7,500	D	$53.3475	88,877	I	Fourth Amended and Restated Gregory E. Zimmerman Revocable Trust, dated June 2, 2015

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

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on March 19, 2025.

Remarks:

	/s/ Angela M. Whittaker, Attorney-in-Fact for Gregory E. Zimmerman	09/02/2025
	** 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.

FAQ

How many shares did the EPR (EPR) reporting person sell?

The reporting person sold 7,500 common shares.

At what price were the shares sold in the Form 4 for EPR?

The shares were sold at a price of $53.3475 per share.

How many EPR shares does the reporting person beneficially own after the sale?

The reporting person beneficially owns 88,877 shares following the reported transaction.

Was the EPR share sale part of a Rule 10b5-1 trading plan?

Yes. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 19, 2025.

How is the remaining ownership held according to the Form 4?

Remaining ownership is held indirectly through the Fourth Amended and Restated Gregory E. Zimmerman Revocable Trust dated June 2, 2015.