TRAVIS DAVID L (SVP/Chief Accounting Officer) 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

TRAVIS DAVID L

Filed: 2/11/2026ACC: 0000877860-26-000018

InsiderTRAVIS DAVID LCIK 1685397

→

IssuerNATIONAL HEALTH INVESTORS INCCIK 877860

Officer· SVP/Chief Accounting Officer

Since May 2020

-28.87K

Net shares

Net seller

$2.46M

Total sold

Open market trades

0B · 0S

Total transactions

37.20K acquired · 66.07K disposed

Non-Derivative Transactions6

Common Stock

Direct

M · Option Exercise

+2.40K

Price / share

$53.41

Trade value

$128.40K

% of position

10.1%

2/9/2026

23.79K→26.19K

Common Stock

Direct

M · Option Exercise

+9.80K

Price / share

$53.41

Trade value

$523.20K

% of position

37.4%

2/9/2026

26.19K→35.99K

Common Stock

Direct

M · Option Exercise

+8.33K

Price / share

$54.73

Trade value

$456.07K

% of position

23.2%

2/9/2026

35.99K→44.32K

Common Stock

Direct

M · Option Exercise

+8.33K

Price / share

$54.73

Trade value

$456.07K

% of position

18.8%

2/9/2026

44.32K→52.66K

Common Stock

Direct

M · Option Exercise

+8.33K

Price / share

$54.73

Trade value

$456.12K

% of position

15.8%

2/9/2026

52.66K→60.99K

Common Stock

Direct

F · Tax Withholding

−28.87K

Price / share

$85.10

Trade value

$2.46M

% of position

47.3%

2/9/2026

60.99K→32.12K

Total

Net shares

+8.33K

Net value

-$436.81K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	2/9/2026	M · Option Exercise	+2.40K	$53.41	$128.40K	10.1%	23.79K	26.19K
Common Stock Direct	2/9/2026	M · Option Exercise	+9.80K	$53.41	$523.20K	37.4%	26.19K	35.99K
Common Stock Direct	2/9/2026	M · Option Exercise	+8.33K	$54.73	$456.07K	23.2%	35.99K	44.32K
Common Stock Direct	2/9/2026	M · Option Exercise	+8.33K	$54.73	$456.07K	18.8%	44.32K	52.66K
Common Stock Direct	2/9/2026	M · Option Exercise	+8.33K	$54.73	$456.12K	15.8%	52.66K	60.99K
Common Stock Direct	2/9/2026	F · Tax Withholding	−28.87K	$85.10	$2.46M	47.3%	60.99K	32.12K
Total			+8.33K		-$436.81K

Derivative Transactions5

Stock Option (Right to buy) 2022

Direct

M · Option Exercise

Converts to

Common Stock

2.40K shares

−2.40K

Strike price

53.41

Held after

0.00

Exercisable

—

2/9/2026

Stock Option (Right to buy) 2022

Direct

M · Option Exercise

Converts to

Common Stock

9.80K shares

−9.80K

Strike price

53.41

Held after

0.00

Exercisable

—

2/9/2026

Stock Option (Right to Buy) 2023

Direct

M · Option Exercise

Converts to

Common Stock

8.33K shares

−8.33K

Strike price

54.73

Held after

0.00

Exercisable

—

2/9/2026

Stock Option (Right to Buy) 2023

Direct

M · Option Exercise

Converts to

Common Stock

8.33K shares

−8.33K

Strike price

54.73

Held after

0.00

Exercisable

—

2/9/2026

Stock Option (Right to Buy) 2023

Direct

M · Option Exercise

Converts to

Common Stock

8.33K shares

−8.33K

Strike price

54.73

Held after

0.00

Exercisable

—

2/9/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable
Stock Option (Right to buy) 2022 Direct	Common Stock2.40K shares	2/9/2026	M · Option Exercise	−2.40K	53.41	—
Stock Option (Right to buy) 2022 Direct	Common Stock9.80K shares	2/9/2026	M · Option Exercise	−9.80K	53.41	—
Stock Option (Right to Buy) 2023 Direct	Common Stock8.33K shares	2/9/2026	M · Option Exercise	−8.33K	54.73	—
Stock Option (Right to Buy) 2023 Direct	Common Stock8.33K shares	2/9/2026	M · Option Exercise	−8.33K	54.73	—
Stock Option (Right to Buy) 2023 Direct	Common Stock8.33K shares	2/9/2026	M · Option Exercise	−8.33K	54.73	—