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NHP (NHP) Chief Accounting Officer granted multi-year LTIP unit awards

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Form Type
4

Rhea-AI Filing Summary

PARK AILIN SEE reported acquisition or exercise transactions in this Form 4 filing.

National Healthcare Properties, Inc. Chief Accounting Officer Ailin See Park received two awards of LTIP Units on April 30, 2026. One grant covered 5,209 LTIP Units, increasing that award balance to 30,209 units, and a separate grant covered 25,000 LTIP Units, with 25,000 units held after the grant. These LTIP Units are convertible into OP Units and ultimately redeemable for cash or common stock, and they vest over multi‑year schedules tied to continued service.

Positive

  • None.

Negative

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Insider PARK AILIN SEE
Role Chief Accounting Officer
Type Security Shares Price Value
Grant/Award LTIP Units 25,000 $0.00 --
Grant/Award LTIP Units 5,209 $0.00 --
Holdings After Transaction: LTIP Units — 25,000 shares (Direct, null)
Footnotes (1)
  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. 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. The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P. The LTIP Units will vest ratably on the first, second and third anniversaries of January 1, 2026, subject to the recipient's continued service through the applicable vesting date.
LTIP Units granted 5,209 LTIP Units Grant on April 30, 2026; derivative award
LTIP Units after first grant 30,209 LTIP Units Total LTIP Units following 5,209-unit grant
Second LTIP grant size 25,000 LTIP Units Separate LTIP award on April 30, 2026
LTIP Units after second grant 25,000 LTIP Units Holdings for second award following grant
Award price per unit $0.00 per LTIP Unit Both grants recorded at zero exercise/award price
Vesting schedule 1 25% annually over 4 years First LTIP grant vests on four anniversaries of April 30, 2026
Vesting schedule 2 Ratable over 3 years Second LTIP grant vests on first three anniversaries of January 1, 2026
LTIP Units financial
"The LTIP Units will vest in 25% increments on each of the first four anniversaries"
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."
limited partnership units financial
"The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P."
Limited partnership units are ownership shares in a partnership where most investors act as passive partners with liability limited to what they invested. They represent a right to a portion of the partnership's income and capital, while day-to-day control is handled by an active manager; think of it like owning a condo unit in a building run by a management company. Investors care because the units determine how much income they receive and how exposed they are to business risks.
vesting financial
"will vest ratably on the first, second and third anniversaries of January 1, 2026"
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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
PARK AILIN SEE
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Accounting Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
LTIP Units(1)(2)(3)(1)04/30/2026A25,000 (2) (1)Common Stock25,000$025,000D
LTIP Units(1)(3)(4)(1)04/30/2026A5,209 (4) (1)Common Stock5,209$030,209D
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.
4. The LTIP Units will vest ratably on the first, second and third anniversaries of January 1, 2026, subject to the recipient's continued service through the applicable vesting date.
Remarks:
/s/ Jie Chai, Attorney-in-Fact05/04/2026
** Signature of Reporting PersonDate
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

FAQ

What insider transaction did National Healthcare Properties (NHP) report for Ailin See Park?

National Healthcare Properties reported that Chief Accounting Officer Ailin See Park received two grants of LTIP Units on April 30, 2026. One covered 5,209 LTIP Units and another 25,000 LTIP Units, both acquired at a price of $0.00 per unit as equity compensation.

How many LTIP Units did NHP’s Chief Accounting Officer hold after the reported grants?

After the April 30, 2026 grants, one LTIP award for Ailin See Park reflected 30,209 LTIP Units outstanding, while a separate LTIP grant showed 25,000 LTIP Units outstanding. These holdings represent derivative equity interests tied to National Healthcare Properties common stock.

How do the NHP LTIP Units held by Ailin See Park convert into common stock?

The LTIP Units are first convertible into an equivalent number of OP Units of National Healthcare Properties Operating Partnership, L.P. Those OP Units are redeemable for cash or, at the issuer’s election, an equal number of National Healthcare Properties common shares or the cash value of such shares.

What is the vesting schedule for Ailin See Park’s April 30, 2026 LTIP Unit grant at NHP?

One set of LTIP Units for Ailin See Park vests in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date. Vesting is conditioned on her continued service with National Healthcare Properties through each applicable vesting date.

How do the other NHP LTIP Units held by Ailin See Park vest over time?

Another LTIP Unit award to Ailin See Park vests ratably on the first, second and third anniversaries of January 1, 2026. Each vesting installment under this grant is also contingent on her continued service with National Healthcare Properties through the relevant anniversary date.

Do NHP LTIP Units held by Ailin See Park have an expiration date?

The filing states that the LTIP Units granted to Ailin See Park do not have expiration dates. They remain outstanding subject to their vesting conditions and the conversion and redemption features that link them to OP Units and ultimately to National Healthcare Properties common stock or cash.