Thomas K. McGowan - 19 Feb 2026 Form 4 Insider Report for KITE REALTY GROUP TRUST (KRG)

Role: President & COO
Signature: /s/ Thomas K. McGowan
Issuer symbol: KRG
Transactions as of: 19 Feb 2026
Net transactions value: $0
Form type: 4
Filing time: 23 Feb 2026, 19:00:34 UTC
Previous filing: 20 Feb 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
McGowan Thomas K	President & COO	KITE REALTY GROUP TRUST, 30 S MERIDIAN STREET, SUITE 1100, INDIANAPOLIS	/s/ Thomas K. McGowan	23 Feb 2026	0001295832

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	KRG	Common Shares						106,028	19 Feb 2026	Direct

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	KRG	Limited Partnership Units of Kite Realty Group, L.P.	Award	$0	+45,153	+5.3%	$0.000000	892,577	19 Feb 2026	Common Shares	45,153		Direct	F1, F2
transaction	KRG	Limited Partnership Units of Kite Realty Group, L.P.	Award	$0	+36,577	+4.1%	$0.000000	929,154	19 Feb 2026	Common Shares	36,577		Direct	F1, F3
transaction	KRG	Limited Partnership Units - Kite Realty Group, LP (AO LTIPs)	Options Exercise	$0	-149,254	-100%	$0.000000	0	23 Feb 2026	Limited Partnership Units of Kite Realty Group, L.P.	149,254	$16.69	Direct	F4, F5
transaction	KRG	Limited Partnership Units of Kite Realty Group, L.P.	Options Exercise	$0	+50,245	+5.4%	$0.000000	979,399	23 Feb 2026	Common Shares	50,245		Direct	F6
holding	KRG	Limited Partnership Units of Kite Realty Group, L.P.						5,000	19 Feb 2026	Common Shares	5,000		By irrevocable trust	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Common Shares of beneficial interest, par value of $0.01 per share (the "Common Shares"), are issued upon the redemption and tender of Limited Partnership Units ("LP Units") of Kite Realty Group, L.P. on a one-for-one basis. LP Units have no expiration date.
F2	Represents the grant of LTIP Units (as defined below) pursuant to the Kite Realty Group Trust 2013 Equity Incentive Plan, as amended (the "Plan"). These LTIP Units will vest in equal amounts on February 19, 2027, February 19, 2028, and February 19, 2029, subject to continued service by the reporting person through the applicable vesting date. LTIP Units ("LTIP Units") are a class of LP Units that, if vested, are convertible at the option of the holder, conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, into an equal number of LP Units.
F3	Represents LTIP Units under the Plan, which were earned based on the achievement of certain performance measures during the three-year performance period ended February 13, 2026.
F4	The reporting person previously received a grant of AO LTIPs pursuant to the Plan. AO LTIPs are similar to "net exercise" stock option awards and are convertible, once vested, into a number of vested limited partnership units of Kite Realty Group, L.P. designated as LTIP Units, determined by the quotient of (i) the excess of the value of a Common Share of Kite Realty Group Trust as of the date of the conversion over $16.69 (the "Participation Threshold per AO LTIP"), divided by (ii) the value of a Common Share as of the date of conversion. Vested LTIP Units into which AO LTIPs have been converted are further convertible, [footnote continued]
F5	[Continued from footnote] conditioned upon minimum allocations to the capital accounts of the LTIP Units for U.S. federal income tax purposes, into an equal number of LP Units. The resulting LP Units are redeemable by the holder for one Common Share per LP Unit or the cash value of a Common Share, at the Issuer's option. The AO LTIPs vested and became exercisable as of the date that both of the following requirements were met: (i) the grantee remains in continuous service from the grant date through the third anniversary of the grant date; and (ii) at any time during the period between the first year and the fifth anniversaries of the grant date, the reported closing price per Common Share appreciates at least 15% over the applicable Participation Threshold per AO LTIP (as set forth in the table above) for a minimum of 20 consecutive trading days. Under the award agreement, the AO LTIPs have a ten-year term from the grant date.
F6	LP Units are redeemable for an equal number of Common Shares or, at the election of Kite, cash equal to the fair market value of such shares. LP Units have no expiration date.