Chiron Real Estate (XRN) COO awarded LTIP Units with staged vesting

Rhea-AI Filing Summary

Chiron Real Estate Inc. reported that COO Holley Danica acquired LTIP Units in the company’s operating partnership through equity awards. On February 24, 2026, she received grants of 5,816 and 2,270 LTIP Units at a price of $0.00 per unit, held directly.

According to the accompanying descriptions, certain LTIP Units vest based on continued employment and market-based performance, with 50% vested and nonforfeitable as of February 24, 2026 and the remaining 50% scheduled to vest on February 24, 2027. Vested LTIP Units that achieve capital account parity may be exchanged for cash or, at the issuer’s election, for common stock on a one-for-one basis.

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^*

Holley Danica

(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)
	COO

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		5,816		(2)	(2)	Common Stock	5,816	$0	62,340(4)	D
LTIP Unit (Right to Buy)(3)	(2)	02/24/2026		A		2,270		(2)	(2)	Common Stock	2,270	$0	64,610(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, as Attorney-in-Fact	02/25/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did Chiron Real Estate Inc. (XRN) report for Holley Danica?

Chiron Real Estate reported that COO Holley Danica acquired LTIP Units through equity awards. On February 24, 2026, she received grants of 5,816 and 2,270 LTIP Units at $0.00 per unit, increasing her directly held derivative LTIP holdings.

What type of security did Holley Danica receive in the Chiron Real Estate (XRN) Form 4?

Holley Danica received LTIP Units, described as units of limited partnership interest in Chiron Real Estate LP. These LTIP Units are issued under the company’s 2016 Equity Incentive Plan and function as equity-based awards linked to the operating partnership.

How do Chiron Real Estate (XRN) LTIP Units convert into common stock or cash?

Once vested LTIP Units achieve capital account parity, they may be exchanged at any time for cash or, at Chiron Real Estate’s election, for shares of common stock on a one-for-one basis. This gives the holder potential future equity or cash value.

What are the vesting terms for the LTIP Units reported in the Chiron Real Estate (XRN) Form 4?

The filing explains that 50% of certain LTIP Units became vested and nonforfeitable on February 24, 2026, after meeting market-based performance criteria. The remaining 50% are scheduled to vest on February 24, 2027, following the grant award agreement’s vesting schedule.

Did a stock split affect the LTIP Unit amounts in the Chiron Real Estate (XRN) filing?

Yes. The company effected a reverse stock split on September 19, 2025, at a 1-for-5 ratio. As a result, the LTIP Unit amounts reported in this Form 4 are presented on a post-split adjusted basis, reflecting the reverse split’s impact on unit counts.

Are the LTIP Units in the Chiron Real Estate (XRN) Form 4 subject to expiration?

The LTIP Units described in the filing have no expiration date. They remain outstanding subject to their vesting conditions and, once vested and meeting capital account parity, can be exchanged for cash or common stock, as outlined in the partnership agreement.