LTC Properties director buys 4,000 shares at $38.30

Director David L. Gruber of LTC Properties Inc reported open-market purchases of company common stock.

Rhea-AI Filing Summary

Director David L. Gruber of LTC Properties Inc reported open-market purchases of company common stock. On August 11, 2026, he purchased 3,500 shares at $38.30 per share, followed by an additional 500 shares at $38.30 on August 12, 2026, for total reported purchases of 4,000 shares. A portion of his reported holdings includes 689 shares acquired under LTC Properties, Inc.'s dividend reinvestment plan.

Insider Trade Summary

Net Buyer: 4,000 shares

Net Buy 2 txns

Insider Gruber David L

Role Director

Bought 4,000 shs ($153K)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1	500	$38.30	$19K
Purchase	Common Stock	3,500	$38.30	$134K

Holdings After Transaction: Common Stock — 48,070 shares (Direct)

Footnotes (1)

1. F1. Includes 689 shares acquired under LTC Properties, Inc's dividend reinvestment plan.

Key Figures

Shares purchased 2026-08-11: 3,500 shares Shares purchased 2026-08-12: 500 shares Total shares purchased: 4,000 shares +2 more

5 metrics

Shares purchased 2026-08-11 3,500 shares Common stock purchase on August 11, 2026 at $38.30 per share

Shares purchased 2026-08-12 500 shares Common stock purchase on August 12, 2026 at $38.30 per share

Total shares purchased 4,000 shares Sum of reported open-market purchases in August 2026

Purchase price $38.30 per share Price for both reported common stock purchases

Dividend reinvestment plan shares 689 shares Included in director’s reported holdings via LTC dividend reinvestment plan

Key Terms

Rule 10b5-1, dividend reinvestment plan, non-derivative

3 terms

Rule 10b5-1 regulatory

"The filing’s Rule 10b5-1 checkbox is not marked as a plan trade"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

dividend reinvestment plan financial

"Includes 689 shares acquired under LTC Properties, Inc's dividend reinvestment plan"

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

non-derivative financial

"transaction_type is non-derivative for the common stock purchases"

FAQ

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

What insider transactions did LTC (LTC PROPERTIES INC) report for David L. Gruber?

LTC reported that director David L. Gruber bought a total of 4,000 shares of common stock in open-market transactions on August 11 and 12, 2026 at a price of $38.30 per share.

How many LTC (LTC PROPERTIES INC) shares did David L. Gruber buy on each date?

On August 11, 2026, David L. Gruber purchased 3,500 shares of LTC common stock. On August 12, 2026, he bought an additional 500 shares, bringing total reported purchases to 4,000 shares.

What price did David L. Gruber pay for LTC (LTC PROPERTIES INC) shares?

For both reported transactions, David L. Gruber paid $38.30 per share for LTC common stock. This per-share price applies to the 3,500-share purchase on August 11, 2026, and the 500-share purchase on August 12, 2026.

Were David L. Gruber’s LTC (LTC PROPERTIES INC) share purchases under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not marked as a plan trade, indicating these reported purchases were not affirmatively designated as made under a Rule 10b5-1 trading plan by the reporting person.

What does the dividend reinvestment plan footnote mean in the LTC (LTC PROPERTIES INC) Form 4?

A footnote states that the director’s reported holdings include 689 shares acquired under LTC Properties, Inc.'s dividend reinvestment plan. This clarifies that part of his ownership comes from automatically reinvested dividends rather than separate market purchases.

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

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Available on EDGAR 08/13/2026 - 08:19 PM Accepted by SEC EDGAR 08/13/2026 - 08:18 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^*

Gruber David L

(Last) (First) (Middle)

3011 TOWNSGATE ROAD

SUITE 220

(Street)

WESTLAKE VILLAGE CALIFORNIA 91361

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LTC PROPERTIES INC [ LTC ]

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	08/11/2026		P		3,500	A	$38.3	47,545	D
Common Stock	08/12/2026		P		500	A	$38.3	48,070(1)	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

Explanation of Responses:

1. Includes 689 shares acquired under LTC Properties, Inc's dividend reinvestment plan.

	/s/ David L. Gruber	08/12/2026
	** 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.
* Form 4: SEC 1474 (03-26)