HHH

SEC source: 0001104659-26-110505 · tm2626083-2_4seq1.xml · nonDerivative · entry 1

GRANDISSON MARC · CIK 0001286007 · Director · Executive Chairman, Vantage

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 96,943

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $63.74 to $64.75, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

SEC source: 0001104659-26-110504 · tm2626083-1_4seq1.xml · nonDerivative · entry 1

Davis Andrew D. · CIK 0002061033 · Chief Operating Officer, HHC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 32,530

SEC source: 0001104659-26-095930 · tm2622988-1_4seq1.xml · nonDerivative · entry 1

Tighe Mary Ann · CIK 0001533211 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 0

F1 · price: Represents a weighted average sale price. The shares were sold in multiple transactions at prices ranging from $67.1100 to $67.4400, inclusive. The reporting person undertakes to provide to Howard Hughes Holdings Inc., any security holder of Howard Hughes Holdings Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each transaction price within the range set forth above.

F2 · ownership.nature: This transaction involved a sale of securities by Ms. Tighe's husband, who shares Ms. Tighe's household. Ms. Tighe may be deemed to have been the beneficial owner of the shares of common stock of Howard Hughes Holdings Inc. sold by her husband.

SEC source: 0001104659-26-084684 · tm2620668-1_4seq1.xml · nonDerivative · entry 1

GRANDISSON MARC · CIK 0001286007 · Director · Executive Chairman, Vantage

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 71,943

F1 · shares: Represents restricted stock granted to Mr. Grandisson pursuant to the Issuer's 2025 Equity Incentive Plan. The shares of the restricted stock are time-based and vest ratably over a five-year period in equal installments at a rate of 20% per year beginning on the one year anniversary of the date of grant.

SEC source: 0001104659-26-077377 · tm2618464-1_4seq1.xml · nonDerivative · entry 1

Lachman Thomas Cecil · CIK 0002092589 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,754

F1 · shares: Represents restricted stock granted to non-employee directors pursuant to the Issuer's 2025 Equity Incentive Plan. The shares vest on the earlier of the 2027 annual meeting of stockholders of Howard Hughes Holdings Inc. or June 1, 2027.

SEC source: 0001104659-26-077384 · tm2618464-4_4seq1.xml · nonDerivative · entry 1

Wautier Jean-Baptiste Robert Bernard · CIK 0002069840 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,263

F1 · shares: Represents restricted stock granted to non-employee directors pursuant to the Issuer's 2025 Equity Incentive Plan. The shares vest on the earlier of the 2027 annual meeting of stockholders of Howard Hughes Holdings Inc. or June 1, 2027.

SEC source: 0001104659-26-077390 · tm2618464-8_4seq1.xml · nonDerivative · entry 1

PANUCCIO SUSAN · CIK 0001699937 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,754

F1 · shares: Represents restricted stock granted to non-employee directors pursuant to the Issuer's 2025 Equity Incentive Plan. The shares vest on the earlier of the 2027 annual meeting of stockholders of Howard Hughes Holdings Inc. or June 1, 2027.

SEC source: 0001104659-26-077385 · tm2618464d5_4seq1.xml · nonDerivative · entry 1

GRANDISSON MARC · CIK 0001286007 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,290

F1 · shares: Represents restricted stock granted to non-employee directors pursuant to the Issuer's 2025 Equity Incentive Plan. The shares vest on the earlier of the 2027 annual meeting of stockholders of Howard Hughes Holdings Inc. or June 1, 2027.

SEC source: 0001104659-26-077389 · tm2618464-7_4seq1.xml · nonDerivative · entry 1

SELLERS R SCOT · CIK 0001195979 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 71,555

F1 · shares: Represents restricted stock granted to non-employee directors pursuant to the Issuer's 2025 Equity Incentive Plan. The shares vest on the earlier of the 2027 annual meeting of stockholders of Howard Hughes Holdings Inc. or June 1, 2027.

SEC source: 0001104659-26-077380 · tm2618464-2_4seq1.xml · nonDerivative · entry 1

Williams Anthony · CIK 0001387907 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,271

F1 · shares: Represents restricted stock granted to non-employee directors pursuant to the Issuer's 2025 Equity Incentive Plan. The shares vest on the earlier of the 2027 annual meeting of stockholders of Howard Hughes Holdings Inc. or June 1, 2027.

SEC source: 0001104659-26-077387 · tm2618464-6_4seq1.xml · nonDerivative · entry 1

Tighe Mary Ann · CIK 0001533211 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 37,371

F1 · shares: Represents restricted stock granted to non-employee directors pursuant to the Issuer's 2025 Equity Incentive Plan. The shares vest on the earlier of the 2027 annual meeting of stockholders of Howard Hughes Holdings Inc. or June 1, 2027.

SEC source: 0001104659-26-077383 · tm2618464-3_4seq1.xml · nonDerivative · entry 1

Eun David · CIK 0001979862 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,720

F1 · shares: Represents restricted stock granted to non-employee directors pursuant to the Issuer's 2025 Equity Incentive Plan. The shares vest on the earlier of the 2027 annual meeting of stockholders of Howard Hughes Holdings Inc. or June 1, 2027.

SEC source: 0001140361-26-024482 · form4.xml · nonDerivative · entry 1

Pershing Square Capital Management, L.P. · CIK 0001336528 · Director · 10% owner

Pershing Square HHH Holdings, LLC · CIK 0002131683 · Director · 10% owner

PERSHING SQUARE INC. · CIK 0002026053 · Director · 10% owner

Pershing Square Partner Group LLC · CIK 0002129159 · Director · 10% owner

Pershing Square Management, LLC · CIK 0002027456 · Director · 10% owner

ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnotes

Disclosed balance after: 140,000

F3 · kind: In connection with the completion of the acquisition of Vantage Group Holdings Ltd. by the Issuer on June 4, 2026, PSH acquired 140,000 shares of the Issuer's Series A Non-Voting Exchangeable Perpetual Preferred Stock, par value $0.01 per share, for an aggregate purchase price of approximately $1.0 billion, pursuant to the Subscription Agreement, dated as of June 4, 2026, by and between Howard Hughes Insurance Holdings, LLC, PSH and the Issuer, as described in greater detail in the Issuer's Form 8-K filed on June 5, 2026.

F3 · price: In connection with the completion of the acquisition of Vantage Group Holdings Ltd. by the Issuer on June 4, 2026, PSH acquired 140,000 shares of the Issuer's Series A Non-Voting Exchangeable Perpetual Preferred Stock, par value $0.01 per share, for an aggregate purchase price of approximately $1.0 billion, pursuant to the Subscription Agreement, dated as of June 4, 2026, by and between Howard Hughes Insurance Holdings, LLC, PSH and the Issuer, as described in greater detail in the Issuer's Form 8-K filed on June 5, 2026.

F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("PSCM"), this Form 4 is being filed jointly by Pershing Square HHH Holdings, LLC, a Nevada limited liability company ("HHH Holdings"), Pershing Square Inc., a Nevada corporation ("PS Inc."), Pershing Square Management, LLC, a Delaware limited liability company ("ManagementCo"), Pershing Square Partner Group, LLC, a Delaware limited liability company ("PSPG"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as PSCM and may be deemed to beneficially own the securities of the Issuer reported on this Form 4 (the "Subject Securities").

F2 · ownership.nature: PSCM advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PSLP"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PSI"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PSLP and PSI, the "Pershing Square Affiliated Funds") and PS Redemption, L.P., a Delaware limited partnership ("RedemptionCo").

F4 · ownership.nature: These Subject Securities are held by PSH through its wholly-owned subsidiaries.

SEC source: 0001104659-26-063273 · tm2614940-1_4seq1.xml · nonDerivative · entry 1

Carman James · CIK 0001804013 · President, Houston Region

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 22,096

SEC source: 0001140361-26-016490 · form4.xml · nonDerivative · entry 2

Pershing Square Capital Management, L.P. · CIK 0001336528 · Director · 10% owner

PERSHING SQUARE HOLDCO, L.P. · CIK 0002026053 · Director · 10% owner

Pershing Square Holdco GP, LLC · CIK 0002027508 · Director · 10% owner

Pershing Square Management, LLC · CIK 0002027456 · Director · 10% owner

ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnotes

Disclosed balance after: 341,033

F1 · shares: Reflects a transfer of the Subject Securities (as defined below) from PSLP (as defined below) to PS Redemption, L.P. ("RedemptionCo"), which was formed for the purpose of giving effect to the special redemption of certain limited partner interests of PSLP in connection with a special redemption opportunity that was consummated on April 21, 2026.

F2 · price: The closing price of the Issuer's Common Stock on April 21, 2026.

F3 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("PSCM"), this Form 4 is being filed jointly by Pershing Square Holdco, L.P., a Delaware limited partnership ("PS Holdco"), Pershing Square Holdco GP, LLC, a Delaware limited liability company ("PS Holdco GP"), Pershing Square Management, LLC, a Delaware limited liability company ("ManagementCo"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as PSCM and may be deemed to beneficially own the equity securities of the Issuer reported on this Form 4 (the "Subject Securities").

F4 · ownership.nature: PSCM advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PSLP"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PSI"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PSLP and PSI, the "Pershing Square Affiliated Funds") and RedemptionCo.

F5 · ownership.nature: (A) PSCM, as the investment adviser to the Pershing Square Affiliated Funds and RedemptionCo (and other than with respect to Subject Securities held directly by PS Holdco), (B) PS Holdco, as the indirect 100% holding company of PSCM, (C) PS Holdco GP, as the sole general partner of PS Holdco, and (D) ManagementCo, as the sole member of PS Holdco GP, may each be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934 (the "Exchange Act"). By virtue of Mr. Ackman's position as (i) the Chief Executive Officer of PSCM, (ii) a director of PS Holdco GP and (iii) a member of ManagementCo, Mr. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Exchange Act. Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein.

F6 · ownership.nature: Mr. Ackman, Mr. Ben Hakim and Mr. Ryan Israel, each a member of the board of directors of the Issuer of the Subject Securities, were appointed or elected to that board as representatives of the Reporting Persons and the Pershing Square Affiliated Funds. As a result, each of those persons are directors by deputization for purposes of Section 16 of the Exchange Act.

F8 · ownership.nature: These Subject Securities are held by RedemptionCo.

SEC source: 0001140361-26-016490 · form4.xml · nonDerivative · entry 1

Pershing Square Capital Management, L.P. · CIK 0001336528 · Director · 10% owner

PERSHING SQUARE HOLDCO, L.P. · CIK 0002026053 · Director · 10% owner

Pershing Square Holdco GP, LLC · CIK 0002027508 · Director · 10% owner

Pershing Square Management, LLC · CIK 0002027456 · Director · 10% owner

ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnotes

Disclosed balance after: 18,511,031

F1 · shares: Reflects a transfer of the Subject Securities (as defined below) from PSLP (as defined below) to PS Redemption, L.P. ("RedemptionCo"), which was formed for the purpose of giving effect to the special redemption of certain limited partner interests of PSLP in connection with a special redemption opportunity that was consummated on April 21, 2026.

F2 · price: The closing price of the Issuer's Common Stock on April 21, 2026.

F3 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("PSCM"), this Form 4 is being filed jointly by Pershing Square Holdco, L.P., a Delaware limited partnership ("PS Holdco"), Pershing Square Holdco GP, LLC, a Delaware limited liability company ("PS Holdco GP"), Pershing Square Management, LLC, a Delaware limited liability company ("ManagementCo"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as PSCM and may be deemed to beneficially own the equity securities of the Issuer reported on this Form 4 (the "Subject Securities").

F4 · ownership.nature: PSCM advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PSLP"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PSI"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PSLP and PSI, the "Pershing Square Affiliated Funds") and RedemptionCo.

F5 · ownership.nature: (A) PSCM, as the investment adviser to the Pershing Square Affiliated Funds and RedemptionCo (and other than with respect to Subject Securities held directly by PS Holdco), (B) PS Holdco, as the indirect 100% holding company of PSCM, (C) PS Holdco GP, as the sole general partner of PS Holdco, and (D) ManagementCo, as the sole member of PS Holdco GP, may each be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934 (the "Exchange Act"). By virtue of Mr. Ackman's position as (i) the Chief Executive Officer of PSCM, (ii) a director of PS Holdco GP and (iii) a member of ManagementCo, Mr. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Exchange Act. Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein.

F6 · ownership.nature: Mr. Ackman, Mr. Ben Hakim and Mr. Ryan Israel, each a member of the board of directors of the Issuer of the Subject Securities, were appointed or elected to that board as representatives of the Reporting Persons and the Pershing Square Affiliated Funds. As a result, each of those persons are directors by deputization for purposes of Section 16 of the Exchange Act.

F7 · ownership.nature: These Subject Securities are held by the Pershing Square Affiliated Funds.

SEC source: 0001104659-26-041568 · tm2611485-1_4seq1.xml · nonDerivative · entry 1

Valane Joseph · CIK 0002016203 · General Counsel & Secretary

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 28,523

F1 · shares: Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of time-based shares of restricted stock previously granted to the reporting person. The grants of such shares were previously reported and made under the Issuer's Amended and Restated 2020 Incentive Plan. No shares were sold by the reporting person.

SEC source: 0001104659-26-035297 · tm269920-1_4seq1.xml · nonDerivative · entry 1

Davis Andrew D. · CIK 0002061033 · Chief Operating Officer, HHC

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 31,530

SEC source: 0001104659-26-028623 · tm268955-1_4seq1.xml · nonDerivative · entry 1

Valane Joseph · CIK 0002016203 · General Counsel & Secretary

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 29,209

F1 · shares: The Reporting Person purchased these shares in a single transaction on the open market.

SEC source: 0001104659-26-012163 · tm265548-1_4seq1.xml · nonDerivative · entry 1

Davis Andrew D. · CIK 0002061033 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 33,166

F1 · shares: Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of time-based shares of restricted stock previously granted to the reporting person. The grants of such shares were previously reported and made under the Issuer's Amended and Restated 2020 Incentive Plan. No shares were sold by the reporting person.

SEC source: 0001104659-26-012175 · tm265548-7_4seq1.xml · nonDerivative · entry 1

Bustamante Jose Miguel · CIK 0002046665 · President, Nevada

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,195

F1 · shares: Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of time-based shares of restricted stock previously granted to the reporting person. The grants of such shares were previously reported and made under the Issuer's Amended and Restated 2020 Incentive Plan. No shares were sold by the reporting person.

SEC source: 0001104659-26-012166 · tm265548-2_4seq1.xml · nonDerivative · entry 1

Freericks Charles James Jr. · CIK 0002034796 · President, Arizona

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,455

F1 · shares: Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of time-based shares of restricted stock previously granted to the reporting person. The grants of such shares were previously reported and made under the Issuer's Amended and Restated 2020 Incentive Plan. No shares were sold by the reporting person.

SEC source: 0001104659-26-012178 · tm265548-9_4seq1.xml · nonDerivative · entry 1

Valane Joseph · CIK 0002016203 · General Counsel & Secretary

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 27,949

F1 · shares: Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of time-based shares of restricted stock previously granted to the reporting person. The grants of such shares were previously reported and made under the Issuer's Amended and Restated 2020 Incentive Plan. No shares were sold by the reporting person.

SEC source: 0001104659-26-012179 · tm265548-10_4seq1.xml · nonDerivative · entry 1

Smith Kristi · CIK 0001992469 · Regional President, Columbia

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 26,375

F1 · shares: Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of time-based shares of restricted stock previously granted to the reporting person. The grants of such shares were previously reported and made under the Issuer's Amended and Restated 2020 Incentive Plan. No shares were sold by the reporting person.

SEC source: 0001104659-26-012169 · tm265548-4_4seq1.xml · nonDerivative · entry 1

Johnstone Douglas · CIK 0001804382 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 26,839

F1 · shares: Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of time-based shares of restricted stock previously granted to the reporting person. The grants of such shares were previously reported and made under the Issuer's Amended and Restated 2020 Incentive Plan. No shares were sold by the reporting person.

SEC source: 0001104659-26-012172 · tm265548-5_4seq1.xml · nonDerivative · entry 1

O'Reilly David R. · CIK 0001532404 · Director and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 208,081

F1 · shares: Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of time-based shares of restricted stock previously granted to the reporting person. The grants of such shares were previously reported and made under the Issuer's Amended and Restated 2020 Incentive Plan. No shares were sold by the reporting person.

SEC source: 0001104659-26-012173 · tm265548-6_4seq1.xml · nonDerivative · entry 1

Verbinskaya Elena · CIK 0001728423 · Chief Accounting Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,855

F1 · shares: Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of time-based shares of restricted stock previously granted to the reporting person. The grants of such shares were previously reported and made under the Issuer's Amended and Restated 2020 Incentive Plan. No shares were sold by the reporting person.

SEC source: 0001104659-26-012176 · tm265548-8_4seq1.xml · nonDerivative · entry 1

Carman James · CIK 0001804013 · President, Houston Region

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 23,596

F1 · shares: Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of time-based shares of restricted stock previously granted to the reporting person. The grants of such shares were previously reported and made under the Issuer's Amended and Restated 2020 Incentive Plan. No shares were sold by the reporting person.

SEC source: 0001104659-26-012167 · tm265548-3_4seq1.xml · nonDerivative · entry 1

Olea Carlos A. · CIK 0001905411 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 66,842

F1 · shares: Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of time-based shares of restricted stock previously granted to the reporting person. The grants of such shares were previously reported and made under the Issuer's Amended and Restated 2020 Incentive Plan. No shares were sold by the reporting person.

SEC source: 0001104659-26-011046 · tm265296-1_4seq1.xml · nonDerivative · entry 4

Davis Andrew D. · CIK 0002061033 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 33,562

F4 · shares: Represents shares of performance-based restricted stock granted on February 3, 2026 under the Issuer's 2025 Equity Incentive Plan, which cliff vest, if at all, on December 31, 2028 based upon achievement of certain performance metrics.

SEC source: 0001104659-26-011046 · tm265296-1_4seq1.xml · nonDerivative · entry 3

Davis Andrew D. · CIK 0002061033 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 23,568

F3 · shares: Represents shares of time-based restricted stock granted on February 3, 2026 under the Issuer's 2025 Equity Incentive Plan, with one-third (1/3) of the total number of shares granted vesting on the following dates: February 3, 2027, December 31, 2027 and December 31, 2028.

SEC source: 0001104659-26-011046 · tm265296-1_4seq1.xml · nonDerivative · entry 2

Davis Andrew D. · CIK 0002061033 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 21,070

F2 · shares: Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of the 2023 RSUs. No shares were sold by the reporting person.

SEC source: 0001104659-26-011046 · tm265296-1_4seq1.xml · nonDerivative · entry 1

Davis Andrew D. · CIK 0002061033 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 22,657

F1 · shares: As previously reported, on March 23, 2023, the Reporting Person was granted performance-based restricted shares (the "2023 RSUs"), and, based on the Company's adjusted net asset value growth ("NAV") over a three-year term ended on December 31, 2025 (the "Measurement Period"), the actual number of 2023 RSUs earned could range from 0% to 200% of target 2023 RSUs. On February 3, 2026, the Compensation Committee (the "Committee") of the Board of Directors of the Issuer approved the Company's NAV as of December 31, 2025 for purposes of the 2023 RSUs and, accordingly, certified the achievement of the pre-established performance targets at 200% for the Measurement Period. As a result of the Committee's certification, the vesting of an additional 3,011 shares of common stock was approved.

SEC source: 0001104659-26-011060 · tm265296-7_4seq1.xml · nonDerivative · entry 2

Bustamante Jose Miguel · CIK 0002046665 · President, Nevada

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,516

F2 · shares: Represents shares of performance-based restricted stock granted on February 3, 2026 under the Issuer's 2025 Equity Incentive Plan, which cliff vest, if at all, on December 31, 2028 based upon achievement of certain performance metrics.

SEC source: 0001104659-26-011060 · tm265296-7_4seq1.xml · nonDerivative · entry 1

Bustamante Jose Miguel · CIK 0002046665 · President, Nevada

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,393

F1 · shares: Represents shares of time-based restricted stock granted on February 3, 2026 under the Issuer's 2025 Equity Incentive Plan, with one-third (1/3) of the total number of shares granted vesting on the following dates: February 3, 2027, December 31, 2027 and December 31, 2028.

SEC source: 0001104659-26-011052 · tm265296-2_4seq1.xml · nonDerivative · entry 2

Freericks Charles James Jr. · CIK 0002034796 · President, Arizona

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,832

F2 · shares: Represents shares of performance-based restricted stock granted on February 3, 2026 under the Issuer's 2025 Equity Incentive Plan, which cliff vest, if at all, on December 31, 2028 based upon achievement of certain performance metrics.

SEC source: 0001104659-26-011052 · tm265296-2_4seq1.xml · nonDerivative · entry 1

Freericks Charles James Jr. · CIK 0002034796 · President, Arizona

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,709

F1 · shares: Represents shares of time-based restricted stock granted on February 3, 2026 under the Issuer's 2025 Equity Incentive Plan, with one-third (1/3) of the total number of shares granted vesting on the following dates: February 3, 2027, December 31, 2027 and December 31, 2028.

SEC source: 0001104659-26-011062 · tm265296-9_4seq1.xml · nonDerivative · entry 2

Valane Joseph · CIK 0002016203 · General Counsel & Secretary

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 28,432

F2 · shares: Represents shares of performance-based restricted stock granted on February 3, 2026 under the Issuer's 2025 Equity Incentive Plan, which cliff vest, if at all, on December 31, 2028 based upon achievement of certain performance metrics.

SEC source: 0001104659-26-011062 · tm265296-9_4seq1.xml · nonDerivative · entry 1

Valane Joseph · CIK 0002016203 · General Counsel & Secretary

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 19,438

F1 · shares: Represents shares of time-based restricted stock granted on February 3, 2026 under the Issuer's 2025 Equity Incentive Plan, with one-third (1/3) of the total number of shares granted vesting on the following dates: February 3, 2027, December 31, 2027 and December 31, 2028.

SEC source: 0001104659-26-011063 · tm265296-10_4seq1.xml · nonDerivative · entry 2

Smith Kristi · CIK 0001992469 · Regional President, Columbia

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 26,759

F2 · shares: Represents shares of performance-based restricted stock granted on February 3, 2026 under the Issuer's 2025 Equity Incentive Plan, which cliff vest, if at all, on December 31, 2028 based upon achievement of certain performance metrics.

SEC source: 0001104659-26-011063 · tm265296-10_4seq1.xml · nonDerivative · entry 1

Smith Kristi · CIK 0001992469 · Regional President, Columbia

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 23,636

F1 · shares: Represents shares of time-based restricted stock granted on February 3, 2026 under the Issuer's 2025 Equity Incentive Plan, with one-third (1/3) of the total number of shares granted vesting on the following dates: February 3, 2027, December 31, 2027 and December 31, 2028.

SEC source: 0001104659-26-011055 · tm265296-4_4seq1.xml · nonDerivative · entry 4

Johnstone Douglas · CIK 0001804382 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 27,259

F4 · shares: Represents shares of performance-based restricted stock granted on February 3, 2026 under the Issuer's 2025 Equity Incentive Plan, which cliff vest, if at all, on December 31, 2028 based upon achievement of certain performance metrics.

SEC source: 0001104659-26-011055 · tm265296-4_4seq1.xml · nonDerivative · entry 3

Johnstone Douglas · CIK 0001804382 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 23,355

F3 · shares: Represents shares of time-based restricted stock granted on February 3, 2026 under the Issuer's 2025 Equity Incentive Plan, with one-third (1/3) of the total number of shares granted vesting on the following dates: February 3, 2027, December 31, 2027 and December 31, 2028.

SEC source: 0001104659-26-011055 · tm265296-4_4seq1.xml · nonDerivative · entry 2

Johnstone Douglas · CIK 0001804382 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 19,451

F2 · shares: Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of the 2023 RSUs. No shares were sold by the reporting person.

SEC source: 0001104659-26-011055 · tm265296-4_4seq1.xml · nonDerivative · entry 1

Johnstone Douglas · CIK 0001804382 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 21,064

F1 · shares: As previously reported, on March 23, 2023, the Reporting Person was granted performance-based restricted shares (the "2023 RSUs"), and, based on the Company's adjusted net asset value growth ("NAV") over a three-year term ended on December 31, 2025 (the "Measurement Period"), the actual number of 2023 RSUs earned could range from 0% to 200% of target 2023 RSUs. On February 3, 2026, the Compensation Committee (the "Committee") of the Board of Directors of the Issuer approved the Company's NAV as of December 31, 2025 for purposes of the 2023 RSUs and, accordingly, certified the achievement of the pre-established performance targets at 200% for the Measurement Period. As a result of the Committee's certification, the vesting of an additional 2,314 shares of common stock was approved.

SEC source: 0001104659-26-011056 · tm265296-5_4seq1.xml · nonDerivative · entry 4

O'Reilly David R. · CIK 0001532404 · Director and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 211,929

F4 · shares: Represents shares of performance-based restricted stock granted on February 3, 2026 under the Issuer's 2025 Equity Incentive Plan, which cliff vest, if at all, on December 31, 2028 based upon achievement of certain performance metrics.

SEC source: 0001104659-26-011056 · tm265296-5_4seq1.xml · nonDerivative · entry 3

O'Reilly David R. · CIK 0001532404 · Director and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 157,963

F3 · shares: Represents shares of time-based restricted stock granted on February 3, 2026 under the Issuer's 2025 Equity Incentive Plan, with one-third (1/3) of the total number of shares granted vesting on the following dates: February 3, 2027, December 31, 2027 and December 31, 2028.

SEC source: 0001104659-26-011056 · tm265296-5_4seq1.xml · nonDerivative · entry 2

O'Reilly David R. · CIK 0001532404 · Director and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 144,471

F2 · shares: Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of the 2023 RSUs. No shares were sold by the reporting person.

SEC source: 0001104659-26-011056 · tm265296-5_4seq1.xml · nonDerivative · entry 1

O'Reilly David R. · CIK 0001532404 · Director and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 156,044

F1 · shares: As previously reported, on March 23, 2023, the Reporting Person was granted performance-based restricted shares (the "2023 RSUs"), and, based on the Company's adjusted net asset value growth ("NAV") over a three-year term ended on December 31, 2025 (the "Measurement Period"), the actual number of 2023 RSUs earned could range from 0% to 200% of target 2023 RSUs. On February 3, 2026, the Compensation Committee (the "Committee") of the Board of Directors of the Issuer approved the Company's NAV as of December 31, 2025 for purposes of the 2023 RSUs and, accordingly, certified the achievement of the pre-established performance targets at 200% for the Measurement Period. As a result of the Committee's certification, the vesting of an additional 16,942 shares of common stock was approved.

SEC source: 0001104659-26-011058 · tm265296-6_4seq1.xml · nonDerivative · entry 2

Verbinskaya Elena · CIK 0001728423 · Chief Accounting Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,011

F2 · shares: Represents shares of performance-based restricted stock granted on February 3, 2026 under the Issuer's 2025 Equity Incentive Plan, which cliff vest, if at all, on December 31, 2028 based upon achievement of certain performance metrics.