Ventas, Inc. — Director's Dealing 2025

May 29, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ventas, Inc. (VTR)
CIK: 0000740260
Period of Report: 2025-05-27

Reporting Person: Probst Robert F (EVP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-05-27	Common Stock	M	17374	$62.22	Acquired	185738	Direct
2025-05-27	Common Stock	S	17374	$65.2204	Disposed	168364	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-05-27	Stock Option (Right to Buy)	$62.22	M	17374	Disposed	2027-01-18	Common Stock (17374)	Direct

Footnotes

F1: The transaction involved the exercise of fully vested options scheduled to expire in the next 20 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 February 19, 2025.

F2: The price reported is a weighted average price. These shares were sold by the Reporting Person in multiple transactions at prices ranging from $65.22 to $65.23, 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.