[Form 4] UNIVERSAL HEALTH REALTY INCOME TRUST Insider Trading Activity

Rhea-AI Filing Summary

Universal Health Realty Income Trust (UHT) reported an insider purchase by President, CEO, and Director Alan B. Miller. On 10/29/2025, he purchased 12,247 shares of Shares of Beneficial Interest at $37.0217 per share, coded “P”. Following the transaction, he beneficially owned 182,104 shares directly.

The filing also lists 42,000 shares held indirectly by the Alan B. Miller Family Foundation. The report states that Mr. Miller disclaims beneficial ownership of those indirectly held securities, and the filing does not constitute an admission of beneficial ownership for any purpose.

Insights

Equity Governance Analyst

CEO made an open-market purchase, increasing direct holdings; this is typically a favorable governance signal.

UNIVERSAL HEALTH REALTY INCOME TRUST (UHT) reported an insider open-market buy. The President and CEO purchased 12,247 shares on 10/29/2025 at $37.0217 per share (code P). The estimated total purchase value is about $453,404.76. Direct ownership after the trade is 182,104 shares; there are also 42,000 shares held indirectly by The Alan B. Miller Family Foundation, which are disclaimed.

This matters because an open-market purchase increases the executive’s direct economic exposure. It reflects a higher stake at risk and can strengthen alignment with other holders. The filing also clarifies the indirect foundation stake is not admitted as beneficial ownership, which helps interpret true direct exposure.

Key items to watch: any subsequent Form 4 activity after 10/30/2025, changes in direct versus indirect holdings, and whether additional purchases occur near this price level. Monitoring future ownership changes over the next few weeks and into Q4 2025 can provide clarity on whether this was a one-off or part of a pattern.

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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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^*

MILLER ALAN B

(Last) (First) (Middle)

UNIVERSAL CORPORATE CENTER

367 SOUTH GULPH ROAD

(Street)

KING OF PRUSSIA PA 19406

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
UNIVERSAL HEALTH REALTY INCOME TRUST [ UHT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, and CEO

3. Date of Earliest Transaction (Month/Day/Year)
10/29/2025

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
Shares Of Beneficial Interest	10/29/2025		P(1)		12,247	A	$37.0217	182,104	D
Shares Of Beneficial Interest								42,000	I	By The Alan B. Miller Family Foundation(2)

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. All shares were purchased at the same price of $37.0217.

2. Mr. Miller disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Miller is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

	/s/ Charles F. Boyle, Attorney-in-Fact for Mr. Alan B. Miller	10/30/2025
	** 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).
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