Debra A. Cafaro - Oct 20, 2025 Form 4 Insider Report for Ventas, Inc. (VTR)

Role
Chairman and CEO, Director
Signature
Debra A. Cafaro By: /s/ Kenneth Hagan, Attorney-In-Fact
Stock symbol
VTR
Transactions as of
Oct 20, 2025
Transactions value $
-$1,887,610
Form type
4
Date filed
10/22/2025, 06:47 PM
Previous filing
Oct 3, 2025
Next filing
Nov 3, 2025
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/ Kenneth Hagan, Attorney-In-Fact 2025-10-22 0001215188

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VTR Common Stock Options Exercise $11.5M +185K +16.17% $62.22 1.33M Oct 20, 2025 Direct F1
transaction VTR Common Stock Sale -$13.2M -185K -13.92% $71.32 1.15M Oct 20, 2025 Direct F1, F2
transaction VTR Common Stock Options Exercise $2.24M +34.2K +2.99% $65.45 1.18M Oct 20, 2025 Direct F3
transaction VTR Common Stock Sale -$2.44M -34.2K -2.9% $71.32 1.15M Oct 20, 2025 Direct F2, F3

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 -185K -27.61% $0.00 486K Oct 20, 2025 Common Stock 185K $62.22 Direct F1, F4, F5
transaction VTR Stock Option (Right to Buy) Options Exercise $0 -34.2K -7.05% $0.00 451K Oct 20, 2025 Common Stock 34.2K $65.45 Direct F3, F4, F5
* 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 15 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 $71.00 to $71.50, 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 The transaction involved the exercise of fully vested options scheduled to expire in the next 7 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.
F4 Fully vested.
F5 Represents total number of unexercised options to purchase shares of Issuer's Common Stock held by the Reporting Person.