Sabra Health Care Form 4: 813 Dividend-Equivalent Units Added to Director Holdings

Rhea-AI Filing Summary

Sabra Health Care REIT director Craig A. Barbarosh received 813 stock units on 08/29/2025 as dividend-equivalent payments tied to previously granted performance stock units under the company's 2009 Performance Incentive Plan. After the credited units, Mr. Barbarosh beneficially owns 52,610 shares directly (including 6,922 unvested units and 45,688 vested units with deferred payment) and 94,916 shares indirectly through The Barbarosh Family Trust. The credited dividend-equivalent units will vest and pay out on the same schedule as the original awards.

Positive

• Director received 813 stock units as dividend equivalents, maintaining alignment with equity incentives
• Direct beneficial ownership increased to 52,610 shares, showing continued insider stake
• Substantial indirect holdings (94,916 shares) held via The Barbarosh Family Trust, indicating concentrated insider ownership

Negative

• None.

Insights

Corporate Governance Expert

TL;DR Director received dividend-equivalent stock units, modestly increasing direct beneficial ownership; holdings include both unvested and deferred vested units.

The filing documents a routine equity compensation event for a director under the 2009 Performance Incentive Plan. The 813 stock units were credited as dividend equivalents and carry the same vesting/payment terms as the underlying awards, which preserves alignment with long-term incentive structure. The combination of unvested units and vested-but-deferred units indicates ongoing compensation deferral rather than immediate market sales.

Securities Analyst

TL;DR Non-cash equity credit increased reported direct ownership to 52,610 shares; indirect holdings total 94,916 via family trust.

This Form 4 shows a non‑derivative acquisition coded as an administrative credit (dividend equivalents) rather than an open‑market purchase. The increase of 813 units is small relative to the total reported holdings but confirms continued equity-based compensation and retention mechanisms. No dispositions, option exercises, or cash purchases are reported.

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
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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^*

Barbarosh Craig A.

(Last) (First) (Middle)

C/O SABRA HEALTH CARE REIT, INC.

1781 FLIGHT WAY

(Street)

TUSTIN CA 92782

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Sabra Health Care REIT, Inc. [ SBRA ]

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)
08/29/2025

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	08/29/2025		A		813(1)	A	$0	52,610(2)	D
Common Stock								94,916	I	By The Barbarosh Family Trust

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. Represents stock units credited to the reporting person in the form of dividend equivalent payments on stock units previously granted to the reporting person that are outstanding under the Issuer's 2009 Performance Incentive Plan, calculated on the basis of the market value of the Issuer's common stock on the dividend payment date. These units will vest and become payable on the same terms as the original stock units to which they relate.

2. Consists of 6,922 unvested stock units and 45,688 stock units that have vested but the payment of which has been deferred. Each stock unit represents the right to receive one share of the Issuer's Common Stock.

Remarks:

	/s/ Michael Costa, as Attorney-in-Fact	09/03/2025
	** 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 Craig A. Barbarosh report on the Form 4 for SBRA?

He was credited with 813 stock units on 08/29/2025 as dividend equivalents related to prior awards under the 2009 Performance Incentive Plan.

How many shares does the reporting person beneficially own after the transaction?

Directly owns 52,610 shares and indirectly owns 94,916 shares through The Barbarosh Family Trust.

What portion of the reported direct holdings are unvested or deferred?

6,922 units are unvested and 45,688 units are vested but payment is deferred.

Was this Form 4 reporting a cash purchase or an open-market transaction?

No cash or market purchase was reported; the 813 units were credited as dividend-equivalent payments and reported as an acquisition (code A).

Do the credited units vest immediately?

No; the dividend-equivalent units will vest and become payable on the same terms as the original stock units to which they relate.