Ventas, Inc. — Director's Dealing 2023

Feb 6, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ventas, Inc. (VTR)
CIK: 0000740260
Period of Report: 2023-02-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-02	Common Stock	M	32932	$51.85	Acquired	896487	Direct
2023-02-02	Common Stock	S	32932	$52.74	Disposed	863555	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-02	Stock Option (Right to Buy)	$51.85	M	32932	Disposed	2024-01-29	Common Stock (32932.0)	Direct

Footnotes

F1: The transaction involved the exercise of fully vested options scheduled to expire in the next 12 months and the sale of the underlying shares net of the exercise price and taxes, all pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on August 9, 2022.

F2: The price reported is a weighted average price. These shares were sold by the Reporting Person in multiple transactions at prices ranging from $52.06 to $53.13, inclusive. The Reporting Person undertakes to provide Issuer, any security holder of Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3: Fully vested.

F4: Represents total number of unexercised options to purchase shares of Issuer's Common Stock held by the Reporting Person.