SWAFFORD CHARLOTTE A exercised options at NATIONAL HEALTH INVESTORS INC

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 5 exercises

SWAFFORD CHARLOTTE A

Filed: 12/11/2025ACC: 0000877860-25-000194

InsiderSWAFFORD CHARLOTTE ACIK 1012861

→

IssuerNATIONAL HEALTH INVESTORS INCCIK 877860

Director

Since May 2020

-62.83K

Net shares

Net seller

$4.92M

Total sold

Open market trades

0B · 0S

Total transactions

80K acquired · 142.83K disposed

Non-Derivative Transactions6

Common Stock

Indirect

M · Option Exercise

+25K

Price / share

$69.20

Trade value

$1.73M

% of position

22.7%

12/9/2025

110.19K→135.19K

Common Stock

Indirect

M · Option Exercise

+25K

Price / share

$53.41

Trade value

$1.34M

% of position

18.5%

12/9/2025

135.19K→160.19K

Common Stock

Indirect

M · Option Exercise

+10K

Price / share

$54.73

Trade value

$547.30K

% of position

6.2%

12/9/2025

160.19K→170.19K

Common Stock

Indirect

M · Option Exercise

+10K

Price / share

$57.76

Trade value

$577.60K

% of position

5.9%

12/9/2025

170.19K→180.19K

Common Stock

Indirect

M · Option Exercise

+10K

Price / share

$73.34

Trade value

$733.40K

% of position

5.5%

12/9/2025

180.19K→190.19K

Common Stock

Indirect

F · Tax Withholding

−62.83K

Price / share

$78.37

Trade value

$4.92M

% of position

33.0%

12/9/2025

190.19K→127.36K

Total

Net shares

+17.17K

Net value

-$201.99

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Indirect	12/9/2025	M · Option Exercise	+25K	$69.20	$1.73M	22.7%	110.19K	135.19K
Common Stock Indirect	12/9/2025	M · Option Exercise	+25K	$53.41	$1.34M	18.5%	135.19K	160.19K
Common Stock Indirect	12/9/2025	M · Option Exercise	+10K	$54.73	$547.30K	6.2%	160.19K	170.19K
Common Stock Indirect	12/9/2025	M · Option Exercise	+10K	$57.76	$577.60K	5.9%	170.19K	180.19K
Common Stock Indirect	12/9/2025	M · Option Exercise	+10K	$73.34	$733.40K	5.5%	180.19K	190.19K
Common Stock Indirect	12/9/2025	F · Tax Withholding	−62.83K	$78.37	$4.92M	33.0%	190.19K	127.36K
Total			+17.17K		-$201.99

Derivative Transactions5

Stock Options (Right to Buy) 2-25-2021

Direct

M · Option Exercise

Converts to

Common Stock

25K shares

−25K

Strike price

69.20

Held after

0.00

Exercisable

—

12/9/2025

Stock Option (Right to buy) 2022

Direct

M · Option Exercise

Converts to

Common Stock

25K shares

−25K

Strike price

53.41

Held after

0.00

Exercisable

—

12/9/2025

Stock Option (Right to Buy) 2023

Direct

M · Option Exercise

Converts to

Common Stock

10K shares

−10K

Strike price

54.73

Held after

0.00

Exercisable

—

12/9/2025

Stock Option (Right to Buy) 2024

Direct

M · Option Exercise

Converts to

Common Stock

10K shares

−10K

Strike price

57.76

Held after

0.00

Exercisable

—

12/9/2025

Stock Option (Right to Buy) 2025

Direct

M · Option Exercise

Converts to

Common Stock

10K shares

−10K

Strike price

73.34

Held after

0.00

Exercisable

—

12/9/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable
Stock Options (Right to Buy) 2-25-2021 Direct	Common Stock25K shares	12/9/2025	M · Option Exercise	−25K	69.20	—
Stock Option (Right to buy) 2022 Direct	Common Stock25K shares	12/9/2025	M · Option Exercise	−25K	53.41	—
Stock Option (Right to Buy) 2023 Direct	Common Stock10K shares	12/9/2025	M · Option Exercise	−10K	54.73	—
Stock Option (Right to Buy) 2024 Direct	Common Stock10K shares	12/9/2025	M · Option Exercise	−10K	57.76	—
Stock Option (Right to Buy) 2025 Direct	Common Stock10K shares	12/9/2025	M · Option Exercise	−10K	73.34	—