GMRE insider converts 130,000 LTIP units into 130,000 common shares

Rhea-AI Filing Summary

Jamie Barber, who serves as General Counsel and Secretary and is a director of Global Medical REIT Inc. (GMRE), converted 130,000 long-term incentive plan units (LTIP Units) in the operating partnership into OP Units and had those OP Units redeemed for an equal number of the issuer's common shares. As a result, Barber directly beneficially owns 130,000 shares of GMRE common stock following the transaction. The filing states LTIP Units were issued under the 2016 Equity Incentive Plan and have no expiration date, and OP Units may be redeemed for cash or, at the issuer's election, for one-for-one shares of common stock.

Positive

• Conversion resulted in 130,000 direct common shares, increasing the reporting person’s directly held stake to 130,000 shares.
• LTIP and OP Units carry no expiration and OP Units are redeemable one-for-one for common stock, preserving optionality for the holder under the partnership agreement.

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider converted equity awards into 130,000 common shares; disclosure is routine and appears neutral absent additional context.

The Form 4 reports a conversion (transaction code M) of vested LTIP Units into OP Units and a one-for-one redemption into 130,000 shares of common stock, increasing direct beneficial ownership to 130,000 shares. The entry shows a $0 price for the units converted, consistent with an in-plan exchange rather than a market purchase. Without company-wide share count or materiality context in this filing, the move is informational and does not, by itself, indicate a material change to capitalization or control.

Corporate Governance Expert

TL;DR: A senior officer exercised a plan conversion consistent with the equity incentive framework; governance implications are limited and routine.

The filing clarifies that LTIP Units were granted under the issuer's 2016 Equity Incentive Plan, have no expiration, and vested LTIP Units that achieved capital account parity can be exchanged for OP Units which are redeemable one-for-one for common stock at the issuer's election. As General Counsel/Secretary and a director, Barber's conversion into direct common shares aligns personal holdings with equity-based compensation mechanics rather than reflecting an open-market buy or sale. This appears to be a standard plan-driven equity conversion and redemption.

Insider Trade Summary

390,000 shares exercised/converted

Exercise 4 txns

Insider Barber Jamie Allen

Role General Counsel and Secretary

Type	Security	Shares	Price	Value
Exercise	LTIP Unit	130,000	$0.00	$0.00
Exercise	OP Unit	130,000	$0.00	$0.00
Exercise	OP Unit	130,000	$0.00	$0.00
Exercise	Common Stock	130,000	$0.00	$0.00

Holdings After Transaction: LTIP Unit — 149,573 contracts (Direct); OP Unit — 0 contracts (Direct); Common Stock — 130,000 shares (Direct)

Footnotes (4)

1. F1. 130,000 of the reporting person's long-term incentive plan units ("LTIP Units") in Global Medical REIT L.P. (the "OP"), the operating partnership of Global Medical REIT Inc. (the "Issuer"), were converted into common units of limited partnership interest ("OP Units") in the OP by the reporting person and the OP Units were redeemed for an equal number of shares of the Issuer's Common Stock in accordance with the OP's partnership agreement.
2. F2. Represents LTIP Units in the OP. The LTIP Units were issued pursuant to the Issuer's 2016 Equity Incentive Plan (as amended from time to time) and have no expiration date.
3. F3. As described in the OP's partnership agreement, vested LTIP Units that have achieved capital account parity may be exchanged at any time after vesting for an equivalent number of OP Units. OP Units may be redeemed for cash or, at the election of the Issuer, for shares of Common Stock of the Issuer on a one-for-one basis. LTIP Units have no expiration date.
4. F4. Represents OP Units in the OP. Each OP Unit may be redeemed for cash or, at the election of the Issuer, for shares of Common Stock of the Issuer on a one-for-one basis. OP Units have no expiration date.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did Jamie Barber report on Form 4 for GMRE?

Barber converted 130,000 LTIP Units into OP Units and those OP Units were redeemed for 130,000 shares of GMRE common stock, resulting in direct beneficial ownership of 130,000 shares.

What are LTIP Units referenced in the GMRE filing?

The filing states LTIP Units are issued pursuant to the issuer's 2016 Equity Incentive Plan and have no expiration date.

How many derivative securities did the reporting person own after the transaction?

The Form 4 shows 149,573 derivative securities beneficially owned following the reported transaction (as listed in Table II).

Can OP Units be redeemed for shares of GMRE common stock?

Yes. The document states each OP Unit may be redeemed for cash or, at the issuer's election, for common shares on a one-for-one basis and OP Units have no expiration date.

What ownership form is reported for the acquired shares?

The acquired common shares are reported as Direct (D) beneficial ownership in the filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/08/2025 - 04:01 PM Learn about SEC filing dates

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^*

Barber Jamie Allen

(Last) (First) (Middle)

7373 WISCONSIN AVENUE, SUITE 800

(Street)

BETHESDA MD 20814

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Global Medical REIT Inc. [ GMRE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	General Counsel and Secretary

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025

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 Stock	08/07/2025		M(1)		130,000	A	(1)	130,000	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
LTIP Unit(2)	(3)	08/07/2025		M(1)			130,000	(3)	(2)(3)	Common Stock	130,000	$0(1)	149,573	D
OP Unit	(4)	08/07/2025		M(1)		130,000		(4)	(4)	Common Stock	130,000	$0(1)(4)	130,000	D
OP Unit	(4)	08/07/2025		M(1)			130,000	(4)	(4)	Common Stock	130,000	$0(1)(4)	0	D

Explanation of Responses:

1. 130,000 of the reporting person's long-term incentive plan units ("LTIP Units") in Global Medical REIT L.P. (the "OP"), the operating partnership of Global Medical REIT Inc. (the "Issuer"), were converted into common units of limited partnership interest ("OP Units") in the OP by the reporting person and the OP Units were redeemed for an equal number of shares of the Issuer's Common Stock in accordance with the OP's partnership agreement.

2. Represents LTIP Units in the OP. The LTIP Units were issued pursuant to the Issuer's 2016 Equity Incentive Plan (as amended from time to time) and have no expiration date.

3. As described in the OP's partnership agreement, vested LTIP Units that have achieved capital account parity may be exchanged at any time after vesting for an equivalent number of OP Units. OP Units may be redeemed for cash or, at the election of the Issuer, for shares of Common Stock of the Issuer on a one-for-one basis. LTIP Units have no expiration date.

4. Represents OP Units in the OP. Each OP Unit may be redeemed for cash or, at the election of the Issuer, for shares of Common Stock of the Issuer on a one-for-one basis. OP Units have no expiration date.

	/s/ Jamie Barber	08/08/2025
	** Signature of Reporting Person	Date
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