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

EPR Properties' EVP & Chief Investment Officer, Gregory E. Zimmerman, sold 7,500 common shares for $49.2127 each pursuant to a pre-arranged trading plan.

Summary

• Gregory E. Zimmerman, Executive Vice President & Chief Investment Officer of EPR Properties, reported a sale of common shares.
• The transaction involved the disposition of 7,500 common shares of beneficial interest.
• The shares were sold at a price of $49.2127 per share.
• The sale was executed on November 3, 2025.
• This transaction was conducted pursuant to a Rule 10b5-1 trading plan, which was previously adopted by Mr. Zimmerman on March 19, 2025.
• Following the reported transaction, Mr. Zimmerman directly beneficially owns 73,877 common shares.
• Indirect beneficial ownership is held through the Fourth Amended and Restated Gregory E. Zimmerman Revocable Trust, dated June 2, 2015.

Sentiment

Score: 5

Explanation: The sentiment is neutral. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, which typically indicates personal financial planning rather than a reaction to new company-specific information. Therefore, it does not inherently signal a positive or negative outlook on the company's future performance.

Negatives

• An insider sale, even under a Rule 10b5-1 plan, can sometimes be perceived by the market as a lack of confidence, although such plans are typically for personal financial planning and diversification.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide information related to broader industry trends or competitive landscape within the REIT sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding insider trading activity, which can influence investor sentiment, though a 10b5-1 plan sale is generally less impactful than an unplanned sale.

Key Dates

Recommendation

This Form 4 filing details a pre-scheduled insider stock sale under a Rule 10b5-1 plan. Such transactions are typically for personal financial management (e.g., diversification, liquidity, tax planning) and are not usually indicative of management's current view on the company's future prospects. The filing itself does not provide new fundamental information about EPR Properties' operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate, suggesting investors maintain their current position while awaiting more comprehensive financial or operational updates.

Keywords

EPR Properties, EPR, Gregory E. Zimmerman, insider trading, Form 4, stock sale, 10b5-1 plan, REIT, real estate