AH Realty Trust (AHRT) CFO Barnes-Smith exercised or converted 20,892 Time-Based LTIP Units

Insider transactions reported

Matthew Barnes-Smith (CFO, Treasurer and Secretary at AH Realty Trust Inc., AHRT) reported that they exercised or converted 20,892 Time-Based LTIP Units on Mar 11, 2026.

Reporting person

Barnes-Smith Matthew

Role

CFO, Treasurer and Secretary

Options and other derivatives

Holdings before and after

• Time-Based LTIP Units: 346,845 to 325,953 direct
• Common Units: 0 to 20,892 direct

Other positions listed

• Common Stock: 10,131 direct

Footnotes from the filing

1. 1. Represents Time-Based LTIP Units ( Time-Based LTIP Units ) in AH Realty Trust, LP (the Operating Partnership ), the operating partnership of AH Realty Trust, Inc. (the Company ), and of which the Company is the general partner. Under the agreement of limited partnership of the Operating Partnership (the OP Agreement ) and subject to conditions set forth in the OP Agreement, following the date on which the Time-Based LTIP Units vest, Time-Based LTIP Units are convertible into common units of limited partnership interest in the Operating Partnership ( Common Units ), at the holder's option.
2. 2. Under the award agreement pursuant to which the Time-Based LTIP Units were granted to the reporting person, except in connection with a Change of Control (as defined in the OP Agreement), the Time-Based LTIP Units may not be converted to Common Units until two years following the date of grant. 236,710 of the Time-Based LTIP Units are also subject to an additional one year holding period following the vesting. Time-Based LTIP Units have no expiration date.
3. 3. Each Common Unit is redeemable for cash equal to the then-current market value of one share of the Company's common stock or, at the election of the Company, one share of the Company's common stock. Common Units have no expiration date.
4. 4. Represents the conversion of Time-Based LTIP Units granted on March 11, 2024 into Common Units at the election of the reporting person.
5. 5. Represents Common Units. All Common Units reflected in this report may be tendered for redemption by the holder.
6. 6. Represents Performance LTIP Units in the Operating Partnership ( Performance LTIP Units ). Under the OP Agreement and subject to conditions set forth in the OP Agreement, following the date on which the Performance LTIP Units vest, Performance LTIP Units are convertible into Common Units at the holder's option. Under the award agreement pursuant to which the Performance LTIP Units were granted to the Reporting Person, except in connection with a Change of Control (as defined in the OP Agreement), the Performance LTIP Units may not be converted to Common Units until two years following the date of grant. Additionally, 141,196 of the Performance LTIP Units are subject to an additional one year holding period following the vesting. Performance LTIP Units have no expiration date.

Transaction codes in this filing

Exercise of an in-the-money derivative:

Code X marks the exercise of a derivative that was in or at the money.

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