Form 4: Healthpeak CEO Buys Shares, Boosts Stake

Sentiment:

Insider Transaction Report 2 December 2025 4:33 PM

📋All filings for Healthpeak Properties, INC

Healthpeak Properties CEO Scott M. Brinker acquired 1,689 shares of common stock through an employee stock purchase plan, increasing his direct beneficial ownership.

Summary

Scott M. Brinker, President and CEO, and Director of Healthpeak Properties, Inc. (DOC), reported transactions involving the company's common stock.
On November 28, 2025, Brinker acquired 1,689 shares of common stock at a price of $14.7985 per share through the Issuer's Employee Stock Purchase Plan (ESPP).
On the same date, November 28, 2025, 140 shares of common stock were forfeited at a price of $18.26 per share to satisfy applicable tax withholding obligations related to the ESPP acquisition.
The reported transactions were made pursuant to a Rule 10b5-1(c) plan.
Following these transactions, Scott M. Brinker directly beneficially owns 213,455 shares of Healthpeak Properties, Inc. common stock.

Sentiment

Score: 6

Explanation: The filing indicates a routine insider transaction where the CEO acquired shares through an employee stock purchase plan, which is generally viewed as a positive sign of management confidence, offset by a standard tax-related forfeiture.

Positives

President and CEO Scott M. Brinker increased his direct beneficial ownership of Healthpeak Properties, Inc. common stock by a net of 1,549 shares.
The acquisition of shares through the Employee Stock Purchase Plan (ESPP) demonstrates management's participation in and commitment to the company's equity.

Future Outlook

Industry Context

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment
Policy Adherence	The reported transaction was made pursuant to a Rule 10b5-1(c) plan, which is a pre-arranged trading plan designed to provide an affirmative defense against insider trading allegations.	11/28/2025	Enhances transparency and reduces potential for insider trading concerns by establishing a pre-scheduled trading arrangement.

Related Party Transactions

Acquisition of 1,689 shares of common stock through the Issuer's Employee Stock Purchase Plan (ESPP), a company-sponsored benefit program for employees.

Stakeholder Impact

Shareholders: May interpret the CEO's share acquisition as a positive signal of confidence in the company's future performance and valuation.
Employees: The existence of an Employee Stock Purchase Plan (ESPP) indicates a benefit available to employees, fostering alignment of interests between employees and the company's success.

Key Dates

Date	Description
11/28/2025	Date of earliest transaction, including acquisition of shares via ESPP and forfeiture for tax withholding.
12/02/2025	Signature date of the reporting person, Carol Samaan (Attorney-In-Fact).

Recommendation

hold

This Form 4 reports a routine insider transaction where the CEO acquired shares through an Employee Stock Purchase Plan and a related tax forfeiture. While insider buying can be a positive signal, the size and nature of this transaction are not significant enough to warrant a change in investment recommendation based solely on this filing.

Keywords

Healthpeak Properties, DOC, Scott M. Brinker, insider trading, Form 4, stock purchase, CEO, director, ESPP, beneficial ownership, Rule 10b5-1

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