Oh Stefan K.L. 4

What Happened

• Stefan K.L. Oh, Chief Investment Officer of American Healthcare REIT, had 6,370 performance-based restricted stock units (PRSUs) vest on March 12, 2026. Each PRSU converts into one share, so 6,370 shares were issued on vesting.
• To cover tax obligations, the issuer withheld 3,437 of those shares (reported as disposed) at a reported per-share amount of $52.80, totaling $181,474. That leaves a net 2,933 shares delivered to Mr. Oh. The implied market value of all vested shares at $52.80 is about $336,336.
• This was not an open-market purchase or sale by the insider but the vesting/conversion of performance awards with standard tax withholding (a routine compensation event).

Key Details

• Transaction date: March 12, 2026; Form filed March 16, 2026 (timely under SEC two-business-day rule).
• Actions reported: Award/grant vested (A); conversion/exercise of derivative (M) to issue shares; tax withholding (F) of 3,437 shares at $52.80 for $181,474.
• Gross shares vested: 6,370; shares withheld for taxes: 3,437; net shares received: 2,933.
• Shares owned after the transaction: not specified in the provided filing excerpts.
• Relevant footnotes: These were performance-based RSUs granted April 3, 2023 under the company’s 2015 Incentive Plan; performance goals were certified met on March 12, 2026 and the PRSUs vested in full. Withholding was to satisfy tax obligations.

Context

• This was a vesting of previously awarded PRSUs rather than a market buy or discretionary sale. The withholding of shares to cover taxes is common and does not necessarily indicate a change in insider sentiment.
• The filing shows conversion/issuance of shares followed by tax-withholding (a cashless-type settlement), which is standard for RSU/PRSU vesting events.