[Form 4] EPR Properties Insider Trading Activity

Rhea-AI Filing Summary

Karman Holdings Inc. (KRMN) – Amended Form 4

Director Brian Raduenz reports the sale of 34,032 common shares on 07/25/2025, executed through the company’s registered public offering at a price of $49.00 per share (Code S). The transaction was made indirectly through RadzWest Capital LLC, where Raduenz serves as CEO.

• Proceeds: ≈ $1.67 million before fees.
• Post-sale holdings (corrected): 344,105 shares, all held indirectly.
• Stake change: Decrease of 34,032 shares (≈9% of prior reported holdings).
• Purpose of amendment: Original Form 4 (filed 07/29/2025) overstated post-offering ownership at 378,137 shares; this filing corrects the figure.

No derivative securities were reported. Raduenz remains a director and was not identified as an officer or ≥10% owner in this filing.

Insights

Financial Analyst

TL;DR – Modest insider sale, mainly clerical correction; limited valuation impact.

The 34 k-share sale represents roughly nine percent of Raduenz’s previously disclosed stake and occurred within a broader public offering, suggesting liquidity management rather than a directional bet. Beneficial ownership remains substantial at 344 k shares, so alignment of interest is largely intact. The amendment simply corrects the share count, improving disclosure accuracy. Given the small size relative to KRMN’s reported float and absence of new operational data, the filing is unlikely to materially sway market sentiment.

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)
08/01/2025

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	08/01/2025		S(1)		7,500	D	$54.9396	96,377	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	08/01/2025
	** 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 KRMN shares did Director Brian Raduenz sell?

He sold 34,032 common shares on 07/25/2025.

What was the sale price of the KRMN shares?

The shares were sold at $49.00 each in a registered public offering.

What is Raduenz’s remaining ownership in Karman Holdings after the sale?

After the transaction, he beneficially owns 344,105 shares indirectly through RadzWest Capital LLC.

Why did Karman Holdings file an amended Form 4?

The amendment corrects the previously overstated post-sale ownership figure, revising it to 344,105 shares.

Does the filing indicate Raduenz is no longer a director or 10% owner?

No. The form confirms he is still a director; he is not listed as a ≥10% owner in this filing.