Director David L. Gruber buys 7,000 LTC Properties (LTC) shares at $38

Rhea-AI Filing Summary

LTC Properties director David L. Gruber bought additional shares of the company’s common stock. He acquired 7,000 shares in an open-market purchase at a price of $38.00 per share. Following this transaction, he directly owns 36,931 shares of LTC Properties common stock.

The total direct holdings figure includes 627 shares that were acquired under LTC Properties, Inc.’s dividend reinvestment plan, as noted in the filing footnote. This transaction reflects a net increase in his personally held LTC Properties shares.

Insider Trade Summary

Net Buyer: 7,000 shares ($266,000)

Net Buy 1 txn

Insider Gruber David L

Role Director

Bought 7,000 shs ($266K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	7,000	$38.00	$266K

Holdings After Transaction: Common Stock — 36,931 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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 CA 91361

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

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
Common Stock	03/05/2026		P		7,000	A	$38	36,931(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 627 shares acquired under LTC Properties, Inc's dividend reinvestment plan.

	/s/ David L. Gruber	03/05/2026
	** 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.

FAQ

What did LTC (LTC PROPERTIES INC) director David L. Gruber do in this insider transaction?

Director David L. Gruber purchased additional LTC Properties common stock. He bought 7,000 shares in an open-market transaction at $38.00 per share, increasing his direct ownership to 36,931 shares after the trade, according to the disclosed Form 4 data and related footnote.

How many LTC PROPERTIES INC (LTC) shares does David L. Gruber own after this trade?

After the reported purchase, David L. Gruber directly owns 36,931 LTC Properties common shares. This total includes 627 shares acquired through LTC Properties, Inc.’s dividend reinvestment plan, as referenced in the filing’s footnote describing the composition of his reported holdings.

What was the purchase price per share in the LTC (LTC PROPERTIES INC) insider buy?

The reported purchase price was $38.00 per share of LTC Properties common stock. David L. Gruber acquired 7,000 shares at this price in an open-market transaction, as indicated by the transaction code for a purchase in the insider trading disclosure.

Was the LTC (LTC PROPERTIES INC) insider transaction a buy or a sell?

The insider transaction was a buy. Director David L. Gruber executed an open-market purchase of 7,000 LTC Properties common shares, classified as a purchase transaction, resulting in a net increase in his directly held stake in the company.

Does the LTC (LTC PROPERTIES INC) filing mention dividend reinvestment plan shares?

Yes. A footnote states that Gruber’s total direct holdings include 627 shares acquired under LTC Properties, Inc.’s dividend reinvestment plan. These reinvested dividend shares form part of his 36,931 total directly owned common shares after the reported transaction.

How many net shares of LTC (LTC PROPERTIES INC) did the insider add in this Form 4?

The filing shows a net addition of 7,000 LTC Properties shares. David L. Gruber conducted one open-market purchase transaction for 7,000 common shares, with no reported sales, leading to a net-buy position of 7,000 shares in this disclosure.