NHP director granted 12,500 LTIP incentive units

National Healthcare Properties, Inc. director Humphrey Scott received a grant of 12,500 LTIP Units on April 30, 2026.

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Form Type

Rhea-AI Filing Summary

National Healthcare Properties, Inc. director Humphrey Scott received a grant of 12,500 LTIP Units on April 30, 2026. These units were awarded at a price of $0.00 per unit as equity compensation, and Scott now directly holds 12,500 LTIP Units.

The LTIP Units vest in four equal 25% installments on each of the first four anniversaries of the April 30, 2026 grant date, subject to continued service. After certain events and vesting, the LTIP Units can convert into operating partnership units, which are redeemable for cash or, at the issuer’s election, an equivalent number of common shares.

Insider Trade Summary

Grant/Award: 12,500 shares

Grant/Award 1 txn

Insider Humphrey Scott

Role Director

Type	Security	Shares	Price	Value
Grant/Award	LTIP Units	12,500	$0.00	$0.00

Holdings After Transaction: LTIP Units — 12,500 contracts (Direct)

Footnotes (3)

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.
F2. The LTIP Units will vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, subject to the recipient's continued service through the applicable vesting date.
F3. The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P.

Key Figures

LTIP Units granted: 12,500 units Award price per LTIP Unit: $0.00 per unit Underlying common stock: 12,500 shares +2 more

5 metrics

LTIP Units granted 12,500 units Equity award to director on April 30, 2026

Award price per LTIP Unit $0.00 per unit Grant/award acquisition code A

Underlying common stock 12,500 shares Each LTIP Unit corresponds to one common share

Post-transaction LTIP holdings 12,500 LTIP Units Total LTIP Units directly held after transaction

Vesting schedule 25% annually over 4 years On each anniversary of April 30, 2026, subject to service

Key Terms

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

OP Units financial

"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.

National Healthcare Properties Operating Partnership, L.P. financial

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

vesting financial

"The LTIP Units will vest in 25% increments on each of the first four anniversaries..."

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?

The filing shows director Humphrey Scott received a grant of 12,500 LTIP Units as equity compensation. These derivative units relate to National Healthcare Properties’ common stock and represent a non-cash award rather than an open-market share purchase or sale.

How many LTIP Units were granted to the NHP director in this Form 4?

Humphrey Scott was granted 12,500 LTIP Units. Each LTIP Unit is tied to an equivalent number of underlying common shares, giving exposure to National Healthcare Properties’ equity through the operating partnership structure rather than immediate direct stock ownership.

What is the vesting schedule for the 12,500 LTIP Units at National Healthcare Properties (NHP)?

The 12,500 LTIP Units vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date. Vesting is conditioned on the recipient’s continued service through each applicable vesting date, aligning the award with longer-term involvement.

How can the LTIP Units reported in NHP’s Form 4 convert into common stock or cash?

After certain events and vesting, the LTIP Units become convertible into operating partnership units on a one-for-one basis. Those units are redeemable for cash or, at National Healthcare Properties’ election, an equivalent number of common shares or the cash value of such shares.

Do the LTIP Units granted to the NHP director have an expiration date?

The LTIP Units do not have expiration dates. They remain outstanding subject to their vesting terms and potential conversion into operating partnership units, which may later be redeemed for cash or common stock at National Healthcare Properties’ election, based on the filing’s footnote disclosure.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/04/2026 - 08:47 PM EDT

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

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)
04/30/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
LTIP Units⁽¹⁾⁽²⁾⁽³⁾	⁽¹⁾	04/30/2026		A		12,500		⁽²⁾	⁽¹⁾	Common Stock	12,500	$0	12,500	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 will vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, subject to the recipient's continued service through the applicable vesting date.

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

Remarks:

	/s/ Jie Chai, Attorney-in-Fact	05/04/2026
	** 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)

Source: View Original Filing on SEC EDGAR