Ventas, Inc. — Director's Dealing 2025

Apr 18, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ventas, Inc. (VTR)
CIK: 0000740260
Period of Report: 2025-04-17

Reporting Person: Smith Maurice S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-04-17	Common Stock	A	52.081	$67.93	Acquired	23143.213	Direct
2025-04-17	Common Stock	A	55.23	$67.93	Acquired	23198.443	Direct

Footnotes

F1: Common stock in the form of units granted under the Ventas, Inc. Non-Employee Directors' Cash Compensation Deferral Plan (the "Plan") as a result of dividend equivalents credited with respect to the dividend on Issuer's common stock paid on April 17, 2025. Such units are payable solely in common stock and subject to the terms and conditions of the Reporting Person's deferral election and the Plan.

F2: Represents the closing price per share of Issuer's common stock as of the grant date.

F3: Common stock in the form of units granted under the Ventas, Inc. Non-Employee Directors' Equity Award Deferral Program (the "Program") adopted pursuant to the Ventas, Inc. 2022 Incentive Plan as a result of dividend equivalents credited with respect to the dividend on Issuer's common stock paid on April 17, 2025. Such units are payable solely in common stock and subject to the terms and conditions of the Reporting Person's deferral election and the Program.