Were Tonya L. Mater’s EPR (EPR) share sales under a Rule 10b5-1 plan?

Yes. The Form 4 footnote states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on December 11, 2025. Such plans pre-schedule trades, reducing the significance of trade timing as a discretionary decision.

EPR Properties (NYSE: EPR) accounting chief sells 4,600 shares via 10b5-1 plan

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

EPR Properties senior vice president and chief accounting officer Tonya L. Mater sold a total of 4,600 Common Shares of Beneficial Interest in two open-market transactions. She sold 2,000 shares on April 14 at $56.00 per share and 2,600 shares on April 15 at $56.50 per share. After these sales, she directly holds 55,859 common shares. The transactions were carried out under a previously adopted Rule 10b5-1 trading plan, indicating they were pre-scheduled rather than discretionary.

Insider Trade Summary 10b5-1

Net Seller: 4,600 shares ($258,900)

Net Sell 2 txns

Insider Mater Tonya L.

Role SVP & Chief Accounting Officer

Sold 4,600 shs ($259K)

Type	Security	Shares	Price	Value
Sale	Common Shares of Beneficial Interest	2,600	$56.50	$147K
Sale	Common Shares of Beneficial Interest	2,000	$56.00	$112K

Holdings After Transaction: Common Shares of Beneficial Interest — 55,859 shares (Direct)

Footnotes (1)

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Key Figures

Shares sold April 14: 2,000 shares at $56.00 Shares sold April 15: 2,600 shares at $56.50 Total shares sold: 4,600 shares +2 more

5 metrics

Shares sold April 14 2,000 shares at $56.00 Open-market sale of Common Shares of Beneficial Interest

Shares sold April 15 2,600 shares at $56.50 Open-market sale of Common Shares of Beneficial Interest

Total shares sold 4,600 shares Net-sell across two transactions reported in Form 4

Shares held after transactions 55,859 shares Direct ownership after April 15 sale

Transaction prices $56.00 and $56.50 per share Per-share prices for April 14 and April 15 sales

Key Terms

Rule 10b5-1 trading plan, open-market sale, Common Shares of Beneficial Interest

3 terms

Rule 10b5-1 trading plan financial

"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Shares of Beneficial Interest financial

"security_title": "Common Shares of Beneficial Interest""

Common Shares of Beneficial Interest are units that represent ownership in a company or organization, like owning a piece of a pie. They give investors voting rights and a chance to share in profits, making them important for those looking to invest and have a say in how the organization is run.

Form 4 Insider Transactions: What Each Field Means →

04/15/2026 - 04:21 PM

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^*

Mater Tonya L.

(Last)

(First)

(Middle)

909 WALNUT STREET

SUITE 200

(Street)

KANSAS CITY

MISSOURI

64106

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)
	SVP & Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/14/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares of Beneficial Interest	04/14/2026		S⁽¹⁾		2,000	D	$56	58,459	D
Common Shares of Beneficial Interest	04/15/2026		S⁽¹⁾		2,600	D	$56.5	55,859	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 December 11, 2025.

Remarks:

	/s/ Angela M. Whittaker, Attorney-in-Fact for Tonya L. Mater	04/15/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did EPR (EPR) disclose for Tonya L. Mater?

EPR Properties reported that Tonya L. Mater, SVP and Chief Accounting Officer, sold 4,600 Common Shares of Beneficial Interest in open-market transactions. The sales occurred on April 14 and 15 at prices of $56.00 and $56.50 per share.

How many EPR (EPR) shares did Tonya L. Mater sell and at what prices?

Tonya L. Mater sold a total of 4,600 EPR Properties common shares. She sold 2,000 shares at $56.00 per share on April 14 and 2,600 shares at $56.50 per share on April 15 in open-market transactions.

How many EPR (EPR) shares does Tonya L. Mater hold after the reported sales?

After the reported sales, Tonya L. Mater directly holds 55,859 Common Shares of Beneficial Interest of EPR Properties. This post-transaction figure comes from the Form 4 and reflects her remaining direct ownership position.

What role does Tonya L. Mater hold at EPR (EPR)?

Tonya L. Mater serves as Senior Vice President and Chief Accounting Officer at EPR Properties. Her position makes these Form 4 disclosures important for transparency around insider ownership and trading activity in the company’s common shares.

What type of security did Tonya L. Mater trade in EPR (EPR)?

She traded EPR Properties’ Common Shares of Beneficial Interest. Both transactions were coded as open-market sales, meaning the shares were sold on the market rather than through a private or derivative-related transaction.