Tracy A. Porter - 28 Jan 2026 Form 4 Insider Report for HEALTHPEAK PROPERTIES, INC. (DOC)

Role: EVP and General Counsel
Signature: Carol Samaan, SVP, Legal (Attorney-In-Fact)
Issuer symbol: DOC
Transactions as of: 28 Jan 2026
Net transactions value: $0
Form type: 4
Filing time: 30 Jan 2026, 17:21:14 UTC
Previous filing: 03 Mar 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Porter Tracy A	EVP and General Counsel	4600 SOUTH SYRACUSE STREET, SUITE 500, DENVER	Carol Samaan, SVP, Legal (Attorney-In-Fact)	30 Jan 2026	0002054539

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	DOC	LTIP Units	Award		+11,256			11,256	28 Jan 2026	Common Stock	11,256		Direct	F1, F2
transaction	DOC	LTIP Units	Award		+36,765			36,765	28 Jan 2026	Common Stock	36,765		Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	Represents a class of units of membership interests in Healthpeak OP, LLC, a Maryland limited liability company ("Healthpeak OP"), the operating subsidiary of the Issuer, designated as LTIP Units ("LTIP Units") intended to qualify as profits interests for U.S. federal income tax purposes. LTIP Units do not have an expiration date. Upon achieving equivalent capital account balance per unit and any applicable vesting conditions, the LTIP Units are convertible at the election of the holder into common unit membership interests in Healthpeak OP (the "OP Units"). The OP Units are redeemable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's Common Stock or, at the option of Healthpeak OP, convertible to shares of the Issuer's Common Stock on a one-for-one basis, and have no expiration date.
F2	Represents earned performance-based LTIP Units previously granted to the reporting person on February 7, 2025 and May 1, 2025. The performance condition applicable to these awards was determined to have been satisfied by the Issuer's Compensation and Human Capital Committee ("Committee") on January 28, 2026 (the "Determination Date"), resulting in the LTIP Units shown being earned. These LTIP Units vest in one-third (1/3) increments on each of the first, second and third anniversaries of February 7, 2025, subject to the reporting person's continued employment through the applicable vesting date.
F3	Represents earned performance-based LTIP Units previously granted to the reporting person on March 3, 2025. The performance condition applicable to the award was determined to have been satisfied by the Committee on the Determination Date, resulting in the LTIP Units shown being earned. These LTIP Units vest in one-fifth (1/5) increments on each of the second, third, fourth, fifth and sixth anniversaries of March 3, 2025, subject to the reporting person's continued employment through the applicable vesting date.