Ventas, Inc. — Director's Dealing 2021

Feb 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ventas, Inc. (VTR)
CIK: 0000740260
Period of Report: 2021-01-29

Reporting Person: CAFARO DEBRA A (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-29	Common Stock	A	70164	—	Acquired	735615	Direct
2021-02-01	Common Stock	M	18076	$46.88	Acquired	753691	Direct
2021-02-01	Common Stock	S	18076	$47.0516	Disposed	735615	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-01	Stock Option (Right to Buy)	$46.88	M	18076	Disposed	2022-01-18	Common Stock (18076.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5000	Indirect
Common Stock	127533	Indirect

Footnotes

F1: Restricted stock units granted by Issuer pursuant to the Ventas, Inc. 2012 Incentive Plan (the "Plan"). Such units are payable solely in common stock and subject to the terms and conditions of the Plan. The restricted stock units vest in three equal annual installments beginning on the first anniversary of the date of the grant.

F2: This transaction was effected pursuant to a pre-arranged Rule 10b5-1 trading plan previously adopted by the Reporting Person.

F3: Reflects shares held by the Cafaro Family Trust. Reporting Person disclaims beneficial ownership of these shares except to the extent of the Reporting Person's pecuniary interest in the shares.

F4: Reflects shares held by the Debra A Cafaro 2020 Trust. Reporting Person disclaims beneficial ownership of these shares except to the extent of the Reporting Person's pecuniary interest in the shares.

F5: These options vested in three equal annual installments beginning on the date of grant.

F6: Represents total number of unexercised options to purchase shares of Issuer's common stock held directly by the Reporting Person.