James A. Carroll - 16 Mar 2026 Form 4 Insider Report for AH Realty Trust, Inc. (AHRT)

Role: Director
Signature: /s/ Matthew T. Barnes-Smith, as Attorney-in-Fact for James A. Carroll
Issuer symbol: AHRT
Transactions as of: 16 Mar 2026
Net transactions value: $0
Form type: 4
Filing time: 18 Mar 2026, 16:21:31 UTC
Previous filing: 17 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Carroll James A	Director	C/O AH REALTY TRUST, INC., 222 CENTRAL PARK AVENUE, SUITE 1000, VIRGINIA BEACH	/s/ Matthew T. Barnes-Smith, as Attorney-in-Fact for James A. Carroll	18 Mar 2026	0001575997

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AHRT	Common Stock	Award		+855	+2%	$6.03^*	42,918	16 Mar 2026	Direct	F1

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
holding	AHRT	Time-Based LTIP Units						12,919	16 Mar 2026	Common Stock	12,919		Direct	F2, F3
holding	AHRT	Common Units						4,645	16 Mar 2026	Common Stock	4,645		Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	These shares were issued to the director in lieu of a portion of his cash retainer.
F2	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. 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. Time-Based LTIP Units have no expiration date.
F3	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.
F4	Represents Common Units. All Common Units reflected in this report may be tendered for redemption by the holder.