EPR Form 4: Zimmerman Trades 7,500 Shares via 10b5-1 Plan

Rhea-AI Filing Summary

EPR Properties (NYSE:EPR) has filed a Form 4 indicating that Executive Vice President & Chief Investment Officer Gregory E. Zimmerman sold 7,500 common shares on July 1, 2025 at a weighted-average price of $58.3712 per share. The transaction was executed under a Rule 10b5-1 trading plan adopted on March 19, 2025, as noted in the filing’s explanatory footnote.

After the sale, Zimmerman’s indirect ownership—held through the Fourth Amended and Restated Gregory E. Zimmerman Revocable Trust—totals 103,877 shares. No derivative securities were reported, and there were no additional acquisitions or dispositions disclosed. Although insider sales can sometimes signal management’s view on valuation, this divestiture is relatively modest and pre-planned, suggesting a neutral implication for investors tracking insider activity.

Insights

Securities Analyst

TL;DR: Pre-planned sale of 7,500 shares by EPR’s CIO is modest; impact on investment thesis is neutral.

The Form 4 shows an officer-level insider sale executed through a Rule 10b5-1 plan, which reduces the likelihood of information-driven trading. The sale represents a small portion of Zimmerman’s remaining 103,877-share stake, leaving his economic exposure largely intact. No options or other derivatives were exercised, and no additional insider actions were reported. Given the limited size and pre-planned nature, I view the disclosure as not materially impactful to the stock’s outlook or governance considerations.

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)
07/01/2025

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	07/01/2025		S(1)		7,500	D	$58.3712	103,877	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	07/02/2025
	** 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 EPR Properties shares did EVP Gregory E. Zimmerman sell?

He sold 7,500 common shares.

What was the sale price for the EPR shares in the Form 4?

The weighted-average sale price was $58.3712 per share.

How many EPR Properties shares does Zimmerman own after the transaction?

Following the sale, he indirectly owns 103,877 shares via his trust.

Was the insider transaction executed under a Rule 10b5-1 trading plan?

Yes. The filing states the sale was executed under a Rule 10b5-1 plan adopted on March 19, 2025.

Did the Form 4 report any derivative security activity?

No. The filing shows no acquisitions or dispositions of derivative securities.