Ventas, Inc. — Director's Dealing 2026

Feb 13, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ventas, Inc. (VTR)
CIK: 0000740260
Period of Report: 2026-02-11

Reporting Person: Roberts Carey S. (EVP and GC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-02-11	Common Stock	S	35532	$84.9971	Disposed	72755	Direct
2026-02-11	Common Stock	A	30241	—	Acquired	102996	Direct
2026-02-11	Common Stock	F	13394	$85.69	Disposed	89602	Direct
2026-02-11	Common Stock	A	12010	$85.69	Acquired	101612	Direct

Footnotes

F1: The price reported is a weighted average price. These shares were sold by the Reporting Person in multiple transactions at prices ranging from $84.99 to $85.091, 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.

F2: Shares issued pursuant to the 2023-2025 performance stock unit award granted to Reporting Person on January 23, 2023, under the Ventas, Inc. 2022 Incentive Plan (the "Plan").

F3: Represents shares withheld to pay taxes on the shares issued pursuant to the 2023-2025 performance stock unit award granted to Reporting Person on January 23, 2023.

F4: Represents the applicable closing price per share of Issuer's common stock.

F5: Restricted stock units granted to Reporting Person on February 11, 2026, pursuant to the Plan. The units are payable solely in common stock, are subject to the terms of the Plan and the applicable award agreements and vest in three equal annual installments on the first day of the month following each of the first three anniversaries of the grant date.