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 · 3 exercises

TRAVIS DAVID L

Filed: 2/25/2026ACC: 0000877860-26-000043

InsiderTRAVIS DAVID LCIK 1685397

→

IssuerNATIONAL HEALTH INVESTORS INCCIK 877860

Officer· SVP/Chief Accounting Officer

Since May 2020

-19.32K

Net shares

Net seller

$1.74M

Total sold

Open market trades

0B · 0S

Total transactions

25K acquired · 44.32K disposed

Non-Derivative Transactions4

Common Stock

Direct

M · Option Exercise

+8.33K

Price / share

$57.76

Trade value

$481.31K

% of position

25.9%

2/23/2026

32.12K→40.45K

Common Stock

Direct

M · Option Exercise

+8.33K

Price / share

$57.76

Trade value

$481.31K

% of position

20.6%

2/23/2026

40.45K→48.79K

Common Stock

Direct

M · Option Exercise

+8.33K

Price / share

$57.76

Trade value

$481.37K

% of position

17.1%

2/23/2026

48.79K→57.12K

Common Stock

Direct

F · Tax Withholding

−19.32K

Price / share

$90.03

Trade value

$1.74M

% of position

33.8%

2/23/2026

57.12K→37.80K

Total

Net shares

+5.68K

Net value

-$295.56K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	2/23/2026	M · Option Exercise	+8.33K	$57.76	$481.31K	25.9%	32.12K	40.45K
Common Stock Direct	2/23/2026	M · Option Exercise	+8.33K	$57.76	$481.31K	20.6%	40.45K	48.79K
Common Stock Direct	2/23/2026	M · Option Exercise	+8.33K	$57.76	$481.37K	17.1%	48.79K	57.12K
Common Stock Direct	2/23/2026	F · Tax Withholding	−19.32K	$90.03	$1.74M	33.8%	57.12K	37.80K
Total			+5.68K		-$295.56K

Derivative Transactions3

Stock Option (Right to Buy) 2024

Direct

M · Option Exercise

Converts to

Common Stock

8.33K shares

−8.33K

Strike price

57.76

Held after

0.00

Exercisable

—

2/23/2026

Stock Option (Right to Buy) 2024

Direct

M · Option Exercise

Converts to

Common Stock

8.33K shares

−8.33K

Strike price

57.76

Held after

0.00

Exercisable

—

2/23/2026

Stock Option (Right to Buy) 2024

Direct

M · Option Exercise

Converts to

Common Stock

8.33K shares

−8.33K

Strike price

57.76

Held after

0.00

Exercisable

—

2/23/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable
Stock Option (Right to Buy) 2024 Direct	Common Stock8.33K shares	2/23/2026	M · Option Exercise	−8.33K	57.76	—
Stock Option (Right to Buy) 2024 Direct	Common Stock8.33K shares	2/23/2026	M · Option Exercise	−8.33K	57.76	—
Stock Option (Right to Buy) 2024 Direct	Common Stock8.33K shares	2/23/2026	M · Option Exercise	−8.33K	57.76	—