EPR (EPR) Form 4: Director moves 1,219 shares into trust

Rhea-AI Filing Summary

EPR Properties director William P. Brown reported paired non-derivative transactions on 09/17/2025 moving a total of 1,219 common shares. The Form 4 shows a disposition of 1,219 shares followed immediately by an acquisition of 1,219 shares at $0, described as a transfer to a revocable trust. After the transactions, 1,219 shares are reported as beneficially owned indirectly through the William Brown Revocable Trust with William P. Brown and Lillian Sorohan as trustees. The filing was signed by an attorney-in-fact on behalf of Mr. Brown on 09/19/2025.

Insights

Financial Analyst

TL;DR Insider moved 1,219 shares into a family revocable trust; no cash proceeds reported and ownership remains economically with the reporting person.

The Form 4 documents a contemporaneous disposition and acquisition of the same share amount, coded G, indicating a transfer into a trust rather than a market sale. This preserves economic exposure while changing direct ownership to an indirect trust holding. For modeling ownership, treat these shares as remaining under insider influence but held indirectly as of the transaction date.

Corporate Governance Expert

TL;DR Transfer to a revocable trust is a common estate-planning move and does not, by itself, indicate governance changes.

The filing specifies the William Brown Revocable Trust with named trustees and shows the reporting form filed individually. There is no evidence of a change in control, resignation, or additional compensatory arrangements. Governance impact appears neutral since beneficial ownership is retained indirectly and no other corporate actions are disclosed in this Form 4.

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
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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).

1. Name and Address of Reporting Person^*

Brown William P

(Last) (First) (Middle)

7750 WISCONSIN AVENUE

(Street)

BETHESDA MD 20814

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2025

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	09/17/2025		G(1)		1,219	D	$0	0	D
Common Shares of Beneficial Interest	09/17/2025		G(1)		1,219	A	$0	1,219	I	William Brown Revocable Trust William P. Brown TTEE, Lillian Sorohan TTEE U/A DTD 11/01/2007

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. This transaction involved a transfer of securities by the reporting person to a trust.

Remarks:

	/s/ Angela M. Whittaker, Attorney-in-Fact for William P. Brown	09/19/2025
	** 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

What did William P. Brown report on the Form 4 for EPR (EPR)?

The Form 4 reports a disposition of 1,219 shares and an immediate acquisition of 1,219 shares on 09/17/2025, reflecting a transfer to a revocable trust.

How many EPR shares does William P. Brown beneficially own after the reported transaction?

After the transaction, the Form 4 shows 1,219 shares beneficially owned indirectly through the William Brown Revocable Trust.

Was there any cash consideration reported for the transfer of EPR shares?

No cash consideration was reported; the acquisition price is shown as $0, consistent with a transfer to a trust rather than a market purchase.

What is the nature of the indirect ownership reported on the Form 4?

Indirect ownership is via the William Brown Revocable Trust with William P. Brown and Lillian Sorohan named as trustees under the trust dated 11/01/2007.

Who signed the Form 4 filing for William P. Brown?

The Form 4 was signed by Angela M. Whittaker, Attorney-in-Fact for William P. Brown on 09/19/2025.