DEBRA A. CAFARO - 02 Jan 2026 Form 4 Insider Report for Ventas, Inc. (VTR)

Role
Chairman and CEO, Director
Signature
Debra A. Cafaro By: /s/ Jessica Stricklin, Attorney-In-Fact
Issuer symbol
VTR
Transactions as of
02 Jan 2026
Net transactions value
-$647,547
Form type
4
Filing time
06 Jan 2026, 17:50:22 UTC
Previous filing
03 Dec 2025
Next filing
03 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
CAFARO DEBRA A Chairman and CEO, Director C/O VENTAS, INC., 300 NORTH LASALLE ST., SUITE 1600, CHICAGO Debra A. Cafaro By: /s/ Jessica Stricklin, Attorney-In-Fact 06 Jan 2026 0001215188

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VTR Common Stock Options Exercise $760,835 +10,322 +0.9% $73.71 1,156,017 02 Jan 2026 Direct F1
transaction VTR Common Stock Sale $797,475 -10,322 -0.89% $77.26 1,145,695 02 Jan 2026 Direct F1, F2
transaction VTR Common Stock Tax liability $610,907 -7,900 -0.69% $77.33 1,137,795 02 Jan 2026 Direct F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VTR Stock Option (Right to Buy) Options Exercise $0 -10,322 -33% $0.000000 20,644 02 Jan 2026 Common Stock 10,322 $73.71 Direct F1, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The transaction involved the exercise of fully vested options scheduled to expire in the next 8 months and the sale of the underlying shares net of the exercise price and taxes, all pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on March 28, 2024.
F2 The price reported is a weighted average price. These shares were sold by the Reporting Person in multiple transactions at prices ranging from $76.7835 to $77.66, inclusive. The Reporting Person undertakes to provide Issuer, any security holder of Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Represents shares withheld to pay taxes on the vesting of restricted stock units granted to the Reporting Person on March 19, 2025 under the Ventas, Inc. 2022 Incentive Plan.
F4 Represents the applicable closing price per share of Issuer's common stock as of the date of the vesting.
F5 Fully vested.
F6 Represents total number of unexercised options to purchase shares of Issuer's Common Stock held by the Reporting Person.

Remarks:

Exhibit 24 - Power of Attorney