Form 4: Ventas CFO Robert Probst Executes Planned Stock Option Exercise and Sale

Ventas, Inc. Executive Vice President and CFO Robert F. Probst completed a pre-arranged transaction, exercising stock options and selling the acquired shares on July 31, 2025.

Summary

• Robert F. Probst, EVP and CFO of Ventas, Inc. (VTR), exercised 3,900 stock options at a price of $65.45 per share on July 31, 2025.
• Concurrently, Mr. Probst sold 3,900 shares of Ventas Common Stock at a weighted average price of $68.4513 per share, with individual sales ranging from $68.45 to $68.47.
• The transactions were executed pursuant to a Rule 10b5-1 trading plan established by Mr. Probst on February 19, 2025.
• The exercised options were fully vested and were scheduled to expire within the next 10 months.
• Following these transactions, Mr. Probst's direct beneficial ownership of Ventas Common Stock remains at 168,364 shares.
• Mr. Probst retains 63,282 unexercised stock options to purchase shares of Ventas Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, pre-planned insider transaction (exercise and sale) under a 10b5-1 plan, which is a common personal financial management activity for executives and does not reflect directly on the company's operational performance or strategic direction.

Positives

• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned and transparent insider transaction rather than an opportunistic sale.

Negatives

• The sale of shares by a key executive, even if planned, can sometimes be perceived negatively by investors, though the amount is relatively small compared to total holdings.

Future Outlook

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

Industry Context

This filing details a routine insider transaction for an executive at a healthcare real estate investment trust (REIT). Such transactions are common and typically reflect personal financial planning rather than specific industry trends, unless part of a broader pattern of insider activity across the sector.

Related Party Transactions

• The transaction involves an executive (Robert F. Probst) of Ventas, Inc. exercising stock options and selling shares of the company, which is a standard related party transaction for insider reporting purposes.

Stakeholder Impact

• Shareholders: The transaction represents a planned sale of shares by a key executive, which is a routine event and typically has minimal direct impact on the company's operations or share price, especially when conducted under a 10b5-1 plan.

Key Dates

Keywords

Ventas, VTR, Form 4, Insider Trading, Stock Option Exercise, 10b5-1 Plan, Executive Compensation, Real Estate Investment Trust, Healthcare REIT