Form 4: EPR Properties CIO Sells Shares Under 10b5-1 Plan

EPR Properties' EVP & Chief Investment Officer, Gregory E. Zimmerman, sold 7,500 common shares for $58.1153 each, pursuant to a pre-arranged 10b5-1 trading plan.

Summary

• Gregory E. Zimmerman, Executive Vice President and Chief Investment Officer of EPR Properties, sold 7,500 Common Shares of Beneficial Interest.
• The transaction occurred on October 1, 2025, at a price of $58.1153 per share.
• The sale was executed pursuant to a Rule 10b5-1 trading plan, which Mr. Zimmerman adopted on March 19, 2025.
• Following this transaction, Mr. Zimmerman directly beneficially owns 81,377 shares.
• Mr. Zimmerman also holds indirect beneficial ownership through the Fourth Amended and Restated Gregory E. Zimmerman Revocable Trust, dated June 2, 2015.

Sentiment

Score: 5

Explanation: The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, which typically indicates a planned diversification or liquidity event rather than a direct signal about the company's immediate prospects. This makes the sentiment neutral.

Future Outlook

No forward-looking statements or guidance are provided in this insider transaction report.

Industry Context

This is a routine insider transaction for a Real Estate Investment Trust (REIT) executive, executed under a pre-scheduled trading plan. Such transactions are common for executives managing personal finances and diversification.

Stakeholder Impact

• Shareholders: May note the insider selling, but the pre-arranged 10b5-1 plan mitigates concerns about management's immediate outlook on the company's performance.

Key Dates

Recommendation

The sale by a key executive was executed under a pre-arranged 10b5-1 trading plan, suggesting a planned liquidity event rather than a change in sentiment regarding the company's fundamentals. This type of transaction typically has a neutral impact on investment recommendations, warranting a 'hold' position unless other fundamental factors suggest otherwise.

Keywords

EPR Properties, Gregory E. Zimmerman, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, REIT