[Form 4] EPR PROPERTIES Insider Trading Activity

Rhea-AI Filing Summary

Gregory E. Zimmerman, EVP & Chief Investment Officer of EPR Properties (EPR), sold 7,500 common shares on 10/01/2025 at an average price of $58.1153 per share under a pre-established Rule 10b5-1 trading plan dated March 19, 2025. After the sale, Mr. Zimmerman beneficially owns 81,377 shares, held indirectly through the Fourth Amended and Restated Gregory E. Zimmerman Revocable Trust dated June 2, 2015. The Form 4 was executed on behalf of Mr. Zimmerman by an attorney-in-fact and reports the transaction as a routine disposition under the trading plan.

Positive

• Sale executed under a Rule 10b5-1 trading plan adopted March 19, 2025, indicating pre-established, compliant disposition terms
• Form 4 discloses post-transaction beneficial ownership (81,377 shares) and the indirect ownership vehicle (Fourth Amended and Restated Gregory E. Zimmerman Revocable Trust dated June 2, 2015)
• Transaction details include price ($58.1153) and date (10/01/2025), providing transparent reporting

Negative

• Insider disposition of 7,500 common shares on 10/01/2025, which reduces beneficial holdings and may be viewed negatively by some investors

Insights

Securities Analyst

TL;DR: Insider sold a modest portion of holdings via pre-set 10b5-1 plan; transaction appears routine and compliant.

The sale of 7,500 shares at $58.1153 represents a disclosed, orderly disposition executed under a Rule 10b5-1 plan adopted on March 19, 2025. Because the shares are held indirectly through a revocable trust and the filing identifies the established plan, the transaction signals controlled liquidity rather than an ad hoc trade. The post-transaction beneficial ownership is 81,377 shares, which provides context for the scale of the sale relative to total holdings.

Corporate Governance Expert

TL;DR: Proper disclosure and use of 10b5-1 plan indicate governance and compliance, though insider sale is material to monitor.

The Form 4 provides clear disclosure: transaction date, price, amount sold, and reliance on a Rule 10b5-1 plan. The filing being signed by an attorney-in-fact is routine. From a governance perspective, the documented plan adoption date and explicit filing meet standard compliance expectations. Investors may note the insider reduced beneficial holdings by a measurable amount, but the filing contains no additional adverse information.

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).

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)
10/01/2025

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	10/01/2025		S(1)		7,500	D	$58.1153	81,377	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	10/01/2025
	** 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

What did Gregory E. Zimmerman disclose on the Form 4 for EPR (EPR)?

He sold 7,500 common shares on 10/01/2025 at an average price of $58.1153 per share and now beneficially owns 81,377 shares indirectly through his revocable trust.

Was the sale by the EPR executive part of an automatic trading plan?

Yes. The Form 4 states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted March 19, 2025.

How is Mr. Zimmerman’s remaining ownership held according to the filing?

The filing reports indirect ownership via the Fourth Amended and Restated Gregory E. Zimmerman Revocable Trust dated June 2, 2015.

Who signed the Form 4 for Gregory E. Zimmerman?

The Form 4 was signed by Angela M. Whittaker, Attorney-in-Fact for Gregory E. Zimmerman on 10/01/2025.