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.
MICHELSON LESLIE D reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. director Leslie D. Michelson received a grant of 12,500 LTIP Units on April 30, 2026 as equity compensation. Each LTIP Unit is linked to one unit of National Healthcare Properties Operating Partnership, L.P., which can later be redeemed for cash or, at the issuer’s election, one share of common stock or its cash value.
The LTIP Units vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, subject to continued service. Following this filing, Michelson holds 95,971 shares of common stock directly, in addition to the 12,500 LTIP Units.
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.
Weil Edward M Jr. reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. director Edward M. Weil Jr. received a grant of 12,500 LTIP Units on April 30, 2026. These LTIP Units are a class of limited partnership units in National Healthcare Properties Operating Partnership, L.P. and are convertible into an equivalent number of OP Units.
OP Units are redeemable for cash or, at the issuer’s election, for shares of common stock on a one-for-one basis or the cash value of such shares. The LTIP Units vest in 25% increments on each of the first four anniversaries of the grant date, subject to continued service, and LTIP Units do not have expiration dates. Following the reported transactions, Weil directly holds 3,110 shares of common stock.
Tuppeny Elizabeth K. reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. director Elizabeth K. Tuppeny reported receiving a grant of 12,500 LTIP Units on April 30, 2026. These units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P. and represent equity-based compensation rather than an open-market share purchase.
Following certain events and vesting, each LTIP Unit is convertible into one operating partnership unit, which may then be redeemed for cash or, at the issuer’s election, one share of common stock or its cash value. The LTIP Units vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, conditioned on continued service. The filing also shows 12,415 shares of common stock held directly as of the reported date.
Penn Buddie J reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. director Buddie J. Penn reported an equity compensation award and updated holdings. He received a grant of 12,500 LTIP Units on April 30, 2026. These LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P.
According to the disclosure, the LTIP Units vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, subject to continued service. After certain events and vesting, they are convertible into an equivalent number of OP Units, which are redeemable for cash or, at the issuer’s election, shares of common stock on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates. The filing also shows 7,697 shares of common stock held directly following the reported transactions.
Rendell Edward G reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. director Edward G. Rendell received a grant of 12,500 shares of restricted common stock on April 30, 2026. The award was issued at no cash cost to him under the company’s 2025 Omnibus Incentive Compensation Plan.
The restricted shares will vest in 25% increments on each of the first four anniversaries of the grant date, as long as he continues to serve through each vesting date. Following this grant, Rendell directly holds 24,075 shares of National Healthcare Properties common stock.
National Healthcare Properties, Inc. closed a registered underwritten public offering of 38,500,000 shares of Class A common stock, followed by the underwriters’ exercise of an option for 5,775,000 additional shares to cover overallotments. The option shares closing completed on April 28, 2026.
In connection with the offering, the company entered into an Amended and Restated Agreement of Limited Partnership for its operating partnership. This reset the OP Unit exchange factor to 1.0, eliminated Class B Units, removed a crystallized special interest, and created new LTIP Unit classes.
The board also approved listing-related equity awards under the 2025 Omnibus Incentive Compensation Plan. Employees, including named executive officers, received an aggregate 995,994 shares and LTIP Units vesting in 25% annual increments from April 30, 2027. The CEO, CFO and CAO were granted 348,665, 149,428 and 25,000 LTIP Units, respectively, and each director was authorized 12,500 restricted shares and/or LTIP Units.
National Healthcare Properties, Inc. Schedule 13G reports that Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander each disclose shared voting and dispositive power over 1,912,863 shares of Class A Common Stock, representing 4.3% of the class. The cover notes the reporting persons briefly exceeded a 5% threshold on 04/22/2026 and ceased to be beneficial owners above 5% by the filing date.
The filing lists issuer headquarters at 540 Madison Avenue, New York, and includes a Joint Filing Agreement dated April 28, 2026. Signatures are provided by Gil Raviv and Israel A. Englander.
National Healthcare Properties, Inc. entered into an Underwriting Agreement and closed a registered underwritten public offering of 38,500,000 shares of its Class A common stock under an effective Form S-11 registration statement. On April 24, 2026, the underwriters exercised their option to purchase an additional 5,775,000 shares to cover overallotments, with that closing expected on April 28, 2026. The agreement with Wells Fargo Securities, Morgan Stanley, BMO Capital Markets and other underwriters includes customary representations, covenants, indemnification and termination provisions.