Welltower director buys 10,000 shares in trusts

Rhea-AI Filing Summary

WELLTOWER INC. (WELL) director Andrew Gundlach reported indirect open-market purchases of a total of 10,000 shares of Common Stock on August 25–26, 2026. The trades were made through the ELLEN-MARIA GORRISSEN Trust I and Trust II at weighted average prices around $239.47 and $242.06, respectively. Gundlach is President and CEO of Bleichroeder LP, the registered investment adviser to these trusts, and disclaims beneficial ownership of the securities except to the extent of his pecuniary interest.

Insider Trade Summary

Net Buyer: 10,000 shares

Net Buy 4 txns

Insider Gundlach Andrew

Role Director

Bought 10,000 shs ($2.41M)

Type	Security	Shares	Price	Value
Purchase	Common Stock F4, F2	2,500	$242.06	$605K
Purchase	Common Stock F4, F3	2,500	$242.06	$605K
Purchase	Common Stock F1, F2	2,500	$239.47	$599K
Purchase	Common Stock F1, F3	2,500	$239.47	$599K

Holdings After Transaction: Common Stock — 27,500 shares (Indirect, ELLEN-MARIA GORRISSEN TRUST I U/A DATED JUNE 3, 1993); Common Stock — 30,000 shares (Indirect, ELLEN-MARIA GORRISSEN TRUST II U/A DATED JUNE 3, 1993)

Footnotes (4)

1. F1. This transaction was executed in multiple trades at prices ranging from $239.27 to $239.50. The price reported above reflects the weighted average purchase price. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
2. F2. The reporting person is the President and Chief Executive Officer of Bleichroeder LP, which serves as registered investment adviser to the trust, and is a beneficiary of the trust. The reporting person, on his own behalf and on behalf of Bleichroeder LP, disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that either the reporting person or Bleichroeder LP is the beneficial owner of the securities for purposes of Section 16 or for any other purposes.
3. F3. The reporting person is the President and Chief Executive Officer of Bleichroeder LP, which serves as registered investment adviser to the trust. The reporting person, on his own behalf and on behalf of Bleichroeder LP, disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that either the reporting person or Bleichroeder LP is the beneficial owner of the securities for purposes of Section 16 or for any other purposes.
4. F4. This transaction was executed in multiple trades at prices ranging from $241.59 to $242.59. The price reported above reflects the weighted average purchase price. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Key Figures

Total shares purchased: 10,000 shares of Common Stock Shares per transaction: 2,500 shares Weighted average price on August 25, 2026: $239.47 per share +3 more

6 metrics

Total shares purchased 10,000 shares of Common Stock Aggregate of four open-market purchases on August 25–26, 2026

Shares per transaction 2,500 shares Each of the four reported purchase transactions

Weighted average price on August 25, 2026 $239.47 per share Open-market purchases with trade prices from $239.27 to $239.50

Weighted average price on August 26, 2026 $242.06 per share Open-market purchases with trade prices from $241.59 to $242.59

Trades on August 25, 2026 5,000 shares Two indirect purchases of 2,500 shares each via Trust I and Trust II

Trades on August 26, 2026 5,000 shares Two indirect purchases of 2,500 shares each via Trust I and Trust II

Key Terms

weighted average purchase price, registered investment adviser, pecuniary interest, indirect ownership

4 terms

weighted average purchase price financial

"The price reported above reflects the weighted average purchase price."

The weighted average purchase price is the average cost per share you paid across multiple buys, calculated so larger purchases count more than smaller ones. Imagine buying apples at different prices: the overall price you effectively paid depends on how many apples you bought at each price. Investors use it to measure true cost basis, calculate gains or losses, decide when to sell, and manage taxes and portfolio performance.

registered investment adviser financial

"Bleichroeder LP, which serves as registered investment adviser to the trust"

A registered investment adviser (RIA) is a firm or individual legally registered with regulators to give personalized investment advice and manage clients' money, with a duty to put clients’ interests ahead of their own. Think of an RIA as a licensed financial guide who must disclose fees, conflicts and how they are paid; that transparency and legal duty matter to investors because it reduces the risk of hidden costs or biased recommendations.

pecuniary interest financial

"disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest"

indirect ownership financial

"direct_or_indirect": "I", "ownership_type": "indirect""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did WELL (WELLTOWER INC.) report in this Form 4?

The Form 4 reports that director Andrew Gundlach indirectly purchased a total of 10,000 shares of WELL common stock on August 25 and 26, 2026, in four open-market transactions of 2,500 shares each through two Ellen-Maria Gorrissen trusts.

At what prices were the WELL shares purchased in this Form 4?

On August 25, 2026, 5,000 shares were bought at a weighted average price of $239.47, with trade prices ranging from $239.27 to $239.50. On August 26, 2026, 5,000 shares were bought at a weighted average price of $242.06, with prices from $241.59 to $242.59.

Are the WELL shares in this Form 4 held directly by Andrew Gundlach?

No. The shares are reported as indirectly owned through ELLEN-MARIA GORRISSEN Trust I and Trust II. Bleichroeder LP serves as registered investment adviser to the trusts, and the filing states that Gundlach disclaims beneficial ownership except to the extent of his pecuniary interest.

How many WELL shares did each trust purchase in this Form 4?

Each of ELLEN-MARIA GORRISSEN Trust I and Trust II purchased 2,500 shares of WELL common stock on August 25, 2026 and 2,500 shares on August 26, 2026, for a total of 5,000 shares per trust and 10,000 shares combined.

Were the WELL insider purchases made under a Rule 10b5-1 trading plan?

The Form 4 indicates that the Rule 10b5-1 checkbox is not marked, and no footnote states that the trades were made under a Rule 10b5-1 or pre-arranged trading plan.

What does the weighted average purchase price mean in this WELL Form 4?

The filing explains that each reported price is a weighted average purchase price for multiple trades executed within a price range. The reporting person undertakes to provide full information on the number of shares bought at each individual price within the stated ranges upon request.

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

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Available on EDGAR 08/27/2026 - 04:40 PM EDT Accepted by SEC EDGAR 08/27/2026 - 04:38 PM EDT Learn about SEC filing dates

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^*

Gundlach Andrew

(Last) (First) (Middle)

4500 DORR STREET

(Street)

TOLEDO OHIO 43615

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
WELLTOWER INC. [ WELL ]

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)
08/25/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/25/2026		P		2,500	A	$239.47(1)	22,500	I	ELLEN-MARIA GORRISSEN TRUST I U/A DATED JUNE 3, 1993(2)
Common Stock	08/25/2026		P		2,500	A	$239.47(1)	25,000	I	ELLEN-MARIA GORRISSEN TRUST II U/A DATED JUNE 3, 1993(3)
Common Stock	08/26/2026		P		2,500	A	$242.06(4)	27,500	I	ELLEN-MARIA GORRISSEN TRUST I U/A DATED JUNE 3, 1993(2)
Common Stock	08/26/2026		P		2,500	A	$242.06(4)	30,000	I	ELLEN-MARIA GORRISSEN TRUST II U/A DATED JUNE 3, 1993(3)

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. This transaction was executed in multiple trades at prices ranging from $239.27 to $239.50. The price reported above reflects the weighted average purchase price. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

2. The reporting person is the President and Chief Executive Officer of Bleichroeder LP, which serves as registered investment adviser to the trust, and is a beneficiary of the trust. The reporting person, on his own behalf and on behalf of Bleichroeder LP, disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that either the reporting person or Bleichroeder LP is the beneficial owner of the securities for purposes of Section 16 or for any other purposes.

3. The reporting person is the President and Chief Executive Officer of Bleichroeder LP, which serves as registered investment adviser to the trust. The reporting person, on his own behalf and on behalf of Bleichroeder LP, disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that either the reporting person or Bleichroeder LP is the beneficial owner of the securities for purposes of Section 16 or for any other purposes.

4. This transaction was executed in multiple trades at prices ranging from $241.59 to $242.59. The price reported above reflects the weighted average purchase price. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

	By: Matthew McQueen, Attorney-in-Fact For: Andrew Gundlach	08/27/2026
	** 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)