Director David Z. Hirsh filed a Form 4 with the SEC on November 10, 2026, disclosing a grant of 7,955 Time-Based LTIP Units from AH Realty Trust, Inc. (NYSE American:AHRT) on November 6, 2026.

Key Highlights

  • Reporting Person: David Z. Hirsh, identified as a Director of AH Realty Trust, Inc.
  • Transaction Date: November 6, 2026, with the form filed on November 10, 2026.
  • Units Granted: 7,955 Time-Based LTIP Units acquired, coded as transaction type "A" (acquired), at a price of $0.
  • Post-Transaction Ownership: Hirsh beneficially owns 7,955 Time-Based LTIP Units following the reported transaction, held directly.
  • Vesting Date: All 7,955 units will vest on the date of the 2027 annual meeting of stockholders, according to the filing.
  • Conversion Restriction: The units may not be converted to Common Units until two years following the date of grant, except in connection with a Change of Control, as defined in the OP Agreement.

Pro-Rated Director Equity Grant Details for David Z. Hirsh

According to the filing, the 7,955 Time-Based LTIP Units represent a grant made in respect of Hirsh's service on the board of directors of AH Realty Trust, Inc. from the date of his appointment to the board through the date of the 2027 annual meeting of stockholders. The filing states the grant was "a pro-rated amount (based on the term of such expected service) of the annual grant of equity to directors" that will vest on the date of the 2027 annual meeting.

The filing explains that the Time-Based LTIP Units are interests in AH Realty Trust, LP, the operating partnership of AH Realty Trust, Inc., of which the company is the general partner. Following vesting, the units are convertible into common units of limited partnership interest in the operating partnership at the holder's option, subject to conditions set forth in the OP Agreement. However, conversion to Common Units is restricted for two years from the date of grant, except in connection with a Change of Control as defined in the OP Agreement, and the units carry no expiration date.

Each Common Unit, as described in the filing, 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. The form was signed by Matthew T. Barnes-Smith as Attorney-in-Fact for David Z. Hirsh on November 10, 2026.

What Was Disclosed

The filing reports a grant of 7,955 Time-Based LTIP Units to Director David Z. Hirsh on November 6, 2026, at a price of $0, in connection with his board service at AH Realty Trust, Inc. The units vest on the date of the 2027 annual meeting of stockholders.