NHP director granted 9,935 LTIP incentive units

Humphrey Scott reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 05/19/2026 - 05:29 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Humphrey Scott reported acquisition or exercise transactions in this Form 4 filing.

National Healthcare Properties, Inc. director Humphrey Scott received a grant of 9,935 LTIP Units on May 15, 2026 as compensation. These LTIP Units are convertible into 9,935 OP Units and ultimately redeemable for either cash or an equal number of common shares. Following this award, Scott holds 22,435 LTIP Units in total. The LTIP Units will vest on May 15, 2027, conditioned on continued service, and do not have expiration dates.

Insider Trade Summary

Grant/Award: 9,935 shares

Grant/Award 1 txn

Insider Humphrey Scott

Role Director

Type	Security	Shares	Price	Value
Grant/Award	LTIP Units	9,935	$0.00	$0.00

Holdings After Transaction: LTIP Units — 22,435 contracts (Direct)

Holdings Before and After: LTIP Units, 12,500 to 22,435 contracts (Direct)

Footnotes (3)

1. F1. Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by National Healthcare Properties, Inc. (the "Issuer") into an equivalent number of units of National Healthcare Properties Operating Partnership, L.P. ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.
2. F2. The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P.
3. F3. The LTIP Units will vest on May 15, 2027, subject to the recipient's continued service through the applicable vesting date.

Key Figures

LTIP Units granted: 9,935 LTIP Units Total LTIP Units after grant: 22,435 LTIP Units Grant price: $0.00 per LTIP Unit +2 more

5 metrics

LTIP Units granted 9,935 LTIP Units Grant to director Humphrey Scott on May 15, 2026

Total LTIP Units after grant 22,435 LTIP Units Director Humphrey Scott’s holdings following the transaction

Grant price $0.00 per LTIP Unit Compensation award with no cash paid by recipient

Underlying common stock 9,935 shares Common stock underlying the granted LTIP Units on a one-for-one basis

Vesting date May 15, 2027 LTIP Units vest subject to continued service through this date

Key Terms

LTIP Units, National Healthcare Properties Operating Partnership, L.P., OP Units, vesting

4 terms

LTIP Units financial

"Following the occurrence of certain events and upon vesting, the LTIP Units are convertible..."

LTIP units are awards given to executives and employees as part of a long-term incentive plan; they act like deferred bonuses that convert into company shares or cash only if the business meets set performance or time requirements. Investors care because LTIP units tie management pay to future results, can increase the number of outstanding shares (dilution) when they vest, and create ongoing compensation expense that can affect earnings and shareholder value.

National Healthcare Properties Operating Partnership, L.P. financial

"LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P."

OP Units financial

"LTIP Units are convertible... into an equivalent number of units of National Healthcare Properties Operating Partnership, L.P. ("OP Units")."

OP units are ownership stakes in an operating partnership that sits beneath a public parent company, commonly used by real estate and energy firms to hold assets and distributions. Think of them like special shares in a subsidiary: they give economic rights to profits and cash payouts but are structured differently from the parent’s common stock, so investors watch OP unit issuance because it can change the effective ownership, future distributions, and potential dilution of the parent company’s equity.

vesting financial

"The LTIP Units will vest on May 15, 2027, subject to the recipient's continued service..."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

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

What insider transaction did National Healthcare Properties (NHP) report for Humphrey Scott?

National Healthcare Properties reported that director Humphrey Scott received a grant of 9,935 LTIP Units on May 15, 2026. These units represent a compensation award and increase his total LTIP Unit holdings to 22,435 after the transaction, according to the Form 4 filing.

What are the key terms of the 9,935 LTIP Units granted to Humphrey Scott at NHP?

The 9,935 LTIP Units granted to Humphrey Scott are a class of limited partnership units that carry a zero-dollar grant price. They vest on May 15, 2027, subject to his continued service, and do not have expiration dates, providing long-term incentive alignment.

How can Humphrey Scott’s LTIP Units in National Healthcare Properties be settled?

Following certain events and vesting, the LTIP Units convert into OP Units, which are redeemable for cash or, at the issuer’s election, shares of common stock. Each OP Unit can be redeemed for one share or the cash value of that share on a one-for-one basis.

When will Humphrey Scott’s new LTIP Units at National Healthcare Properties vest?

The newly granted 9,935 LTIP Units awarded to Humphrey Scott will vest on May 15, 2027. Vesting is conditioned on his continued service with National Healthcare Properties through that date, reinforcing a multi-year retention and performance horizon for this equity-based compensation.

How many LTIP Units does Humphrey Scott hold after this Form 4 transaction at NHP?

After receiving the latest grant of 9,935 LTIP Units, Humphrey Scott’s total LTIP Unit holdings rise to 22,435. This figure reflects his direct beneficial ownership of these derivative securities as reported in the Form 4, providing context for his ongoing equity-based incentives.

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

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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^*

Humphrey Scott

(Last) (First) (Middle)

C/O NATIONAL HEALTHCARE PROPERTIES, INC.

540 MADISON AVE., 27TH FLOOR

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
National Healthcare Properties, Inc. [ NHP ]

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)
05/15/2026

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

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 Units(1)(2)(3)	(1)	05/15/2026		A		9,935		(3)	(1)	Common Stock	9,935	$0	22,435	D

Explanation of Responses:

1. Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by National Healthcare Properties, Inc. (the "Issuer") into an equivalent number of units of National Healthcare Properties Operating Partnership, L.P. ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.

2. The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P.

3. The LTIP Units will vest on May 15, 2027, subject to the recipient's continued service through the applicable vesting date.

Remarks:

	/s/ Jie Chai, Attorney-in-Fact	05/19/2026
	** 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)