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Director grant at Chiron Real Estate (XRN): 2,497 LTIP units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Crowley Paula reported acquisition or exercise transactions in this Form 4 filing.

Chiron Real Estate Inc. director Paula Crowley received a grant of 2,497 LTIP Units linked to Common Stock. These units were awarded at no cost under the company’s 2016 Equity Incentive Plan and will fully vest on May 20, 2027, if she continues serving as a director.

Once vested and after achieving capital account parity under the operating partnership agreement, each LTIP Unit may be exchanged for cash or, at Chiron’s election, for one share of Common Stock. Following this award, Crowley holds a total of 12,414 LTIP Units. The amounts reflect adjustment for a 1-for-5 reverse stock split effected on September 19, 2025.

Positive

  • None.

Negative

  • None.
Insider Crowley Paula
Role null
Type Security Shares Price Value
Grant/Award LTIP Unit (Right to Buy) 2,497 $0.00 --
Holdings After Transaction: LTIP Unit (Right to Buy) — 12,414 shares (Direct, null)
Footnotes (1)
  1. Represents units of limited partnership interest ("LTIP Units") in Chiron Real Estate LP (the "OP"), the operating partnership of the Issuer. All of the LTIP Units vest on May 20, 2027, subject to the Reporting Person's continued service as a director on such date. The LTIP Units were issued pursuant to the Issuer's 2016 Equity Incentive Plan (as amended from time to time) and have no expiration date. As described in the OP's partnership agreement, vested LTIP Units that have achieved capital account parity may be exchanged at any time after vesting for cash or, at the election of the Issuer, for shares of Common Stock on a one-for-one basis. LTIP Units have no expiration date. On September 19, 2025, the Issuer effected a reverse stock split of the Issuer's issued and outstanding shares of Common Stock at a ratio of 1-for-5. As a result, the amount of LTIP Units reflected in this filing is on a post-split adjusted basis.
LTIP Units granted 2,497 LTIP Units Grant to director Paula Crowley on May 20, 2026
Total LTIP Units after grant 12,414 LTIP Units Holdings following reported transaction
Vesting date May 20, 2027 All LTIP Units vest if director service continues
Reverse stock split ratio 1-for-5 Reverse split effective September 19, 2025
Exchange ratio 1 LTIP Unit : 1 share One-for-one exchange into Common Stock at issuer’s election
LTIP Units financial
"Represents units of limited partnership interest ("LTIP Units") in Chiron Real Estate LP"
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.
reverse stock split financial
"the Issuer effected a reverse stock split of the Issuer's issued and outstanding shares"
A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.
2016 Equity Incentive Plan financial
"The LTIP Units were issued pursuant to the Issuer's 2016 Equity Incentive Plan"
capital account parity financial
"vested LTIP Units that have achieved capital account parity may be exchanged"
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*
Crowley Paula
(Last)(First)(Middle)
7373 WISCONSIN AVENUE, SUITE 800
(Street)
BETHESDA MARYLAND 20814
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Chiron Real Estate Inc. [ XRN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026		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 Unit (Right to Buy)(1)(2)05/20/2026A2,497 (2) (2)Common Stock2,497$012,414(3)D
Explanation of Responses:
1. Represents units of limited partnership interest ("LTIP Units") in Chiron Real Estate LP (the "OP"), the operating partnership of the Issuer. All of the LTIP Units vest on May 20, 2027, subject to the Reporting Person's continued service as a director on such date. The LTIP Units were issued pursuant to the Issuer's 2016 Equity Incentive Plan (as amended from time to time) and have no expiration date.
2. As described in the OP's partnership agreement, vested LTIP Units that have achieved capital account parity may be exchanged at any time after vesting for cash or, at the election of the Issuer, for shares of Common Stock on a one-for-one basis. LTIP Units have no expiration date.
3. On September 19, 2025, the Issuer effected a reverse stock split of the Issuer's issued and outstanding shares of Common Stock at a ratio of 1-for-5. As a result, the amount of LTIP Units reflected in this filing is on a post-split adjusted basis.
/s/ Jamie Barber, as Attorney-in-Fact05/21/2026
** 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 Chiron Real Estate (XRN) report for Paula Crowley?

Chiron Real Estate reported that director Paula Crowley received a grant of 2,497 LTIP Units. These derivative units are linked to Common Stock and were awarded as compensation under the 2016 Equity Incentive Plan at no cash cost.

When do Paula Crowley’s 2,497 LTIP Units at Chiron Real Estate (XRN) vest?

All 2,497 LTIP Units granted to Paula Crowley vest on May 20, 2027. Vesting is contingent on her continued service as a director through that date under the company’s equity incentive plan terms.

How can Chiron Real Estate (XRN) LTIP Units be settled after vesting?

After vesting and achieving capital account parity, each LTIP Unit can be exchanged for cash or, at Chiron’s election, for one share of Common Stock. This gives the company flexibility to settle awards in cash or stock.

How many LTIP Units does Paula Crowley hold at Chiron Real Estate (XRN) after this grant?

After receiving 2,497 additional LTIP Units, Paula Crowley holds a total of 12,414 LTIP Units. These figures are presented on a post–reverse stock split basis, reflecting the company’s 1-for-5 split in September 2025.

What impact did Chiron Real Estate’s 1-for-5 reverse stock split have on LTIP Units?

Chiron Real Estate’s 1-for-5 reverse stock split on September 19, 2025 adjusted outstanding Common Stock and related LTIP Units. The LTIP Unit amounts reported in this Form 4, including the 2,497-unit grant, are shown on a post-split adjusted basis.