Chiron Real Estate (XRN) awards LTIP units to General Counsel

Rhea-AI Filing Summary

Chiron Real Estate Inc. reported that General Counsel and Secretary Jamie Allen Barber received equity-based awards in the form of LTIP Units in Chiron Real Estate LP, the company’s operating partnership. On February 24, 2026, Barber acquired 5,539 LTIP Units and an additional 2,025 LTIP Units at a price of $0.00 per unit as grant or award acquisitions.

According to the disclosures, one set of LTIP Units is scheduled to vest on February 24, 2029, subject to continued employment, while another grant had 50% of its LTIP Units become vested and nonforfeitable on February 24, 2026 after meeting market-based performance criteria, with the remaining 50% vesting on February 24, 2027. Vested LTIP Units that reach capital account parity may be exchanged for cash or, at the issuer’s election, for common stock on a one-for-one basis. The filing notes that all amounts reflect a 1-for-5 reverse stock split effective September 19, 2025.

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

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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
Chiron Real Estate Inc. [ XRN ]

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)
02/24/2026

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

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 (Right to Buy)(1)	(2)	02/24/2026		A		5,539		(2)	(2)	Common Stock	5,539	$0	35,454(4)	D
LTIP Unit (Right to Buy)(3)	(2)	02/24/2026		A		2,025		(2)	(2)	Common Stock	2,025	$0	37,479(4)	D

Explanation of Responses:

1. Represents units of limited partnership interest ("LTIP Units") in Chiron Real Estate LP (the "OP"), the operating partnership of the Issuer. All of the LTIP Units vest on February 24, 2029, subject to the Reporting Person's continued employment on such date. The LTIP Units were awarded pursuant to an LTIP Unit vesting agreement, the form of which was filed as Exhibit 10.2 to the Issuer's Quarterly Report on Form 10-Q filed on May 5, 2023. 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.

2. 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 cash or, at the election of the Issuer, for shares of Common Stock on a one-for-one basis. LTIP Units have no expiration date.

3. Represents LTIP Units in the OP. The Issuer's Board of Directors determined that on February 24, 2026, 50% of the LTIP Units became vested and nonforfeitable as a result of meeting certain market-based performance criteria as of December 31, 2025 and February 24, 2026 and 50% of the LTIP Units will vest on February 24, 2027 pursuant to the grant award agreement stipulations. The LTIP Units were awarded pursuant to an LTIP Unit vesting agreement, the form of which was filed as Exhibit 10.1 to the Issuer's Quarterly Report on Form 10-Q filed on August 4, 2023. 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.

4. On September 19, 2025, the Issuer effected a reverse stock split of the Issuer's issued and outstanding shares of common stock at a ratio of 1-for-5. As a result, the amount of LTIP Units reflected in this filing is on a post-split adjusted basis.

	/s/ Jamie Barber	02/25/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did Chiron Real Estate Inc. (XRN) report for Jamie Allen Barber?

Chiron Real Estate reported that General Counsel Jamie Allen Barber received grants of LTIP Units on February 24, 2026. He was awarded 5,539 LTIP Units and 2,025 LTIP Units at $0.00 per unit as equity-based compensation under the company’s 2016 Equity Incentive Plan.

How do the LTIP Units granted to Jamie Allen Barber at Chiron Real Estate (XRN) vest?

One award of LTIP Units is scheduled to fully vest on February 24, 2029, subject to Barber’s continued employment. Another grant has 50% vested and nonforfeitable as of February 24, 2026, with the remaining 50% vesting on February 24, 2027, based on market-based performance criteria.

Can the LTIP Units granted by Chiron Real Estate (XRN) be converted into common stock?

According to the partnership agreement, vested LTIP Units that achieve capital account parity may be exchanged for cash or, at Chiron Real Estate’s election, for shares of common stock on a one-for-one basis. The LTIP Units have no expiration date and are issued by the operating partnership.

How did Chiron Real Estate’s reverse stock split affect the LTIP Units reported in this Form 4?

Chiron Real Estate effected a 1-for-5 reverse stock split of its issued and outstanding common stock on September 19, 2025. The LTIP Unit amounts reported for Jamie Allen Barber are presented on a post-split adjusted basis, aligning the derivative awards with the revised share count structure.

Under which plan were the LTIP Units for Jamie Allen Barber at Chiron Real Estate (XRN) issued?

The LTIP Units awarded to Jamie Allen Barber were issued under Chiron Real Estate’s 2016 Equity Incentive Plan, as amended from time to time. They are governed by LTIP Unit vesting agreements whose forms were previously filed as exhibits to the company’s Quarterly Reports on Form 10-Q.