=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-08-01
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: Ventas, Inc. (VTR)
CIK: 0000740260
--- Reporting Owner ---
Name: Wattula Andy
CIK: 0001952659
Role: Officer (EVP OM&R-Ventas/Pres&CEO-LHS)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-08-01 | Code: A (Grant or award)
Shares: +10,694 | Price: $93.51
Total Value: $999,995.94
Shares Owned After: 10,694 | Ownership: D (Direct)
Footnotes:
[F1] Restricted stock units granted to Reporting Person on August 1, 2026, pursuant to the Ventas, Inc. 2022 Incentive Plan (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 as follows: 4,278 units on February 1, 2027, 4,278 units on February 1, 2028 and 2,138 units on February 1, 2029.
[F2] Represents the applicable closing price per share of Issuer's common stock.
[Transaction #2]
Security: Common Stock
Date: 2026-08-01 | Code: A (Grant or award)
Shares: +4,314 | Price: $93.51
Total Value: $403,402.14
Shares Owned After: 15,008 | Ownership: D (Direct)
Footnotes:
[F3] Restricted stock units granted to Reporting Person on August 1, 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.
[F2] Represents the applicable closing price per share of Issuer's common stock.
--- Footnotes (Complete Index) ---
F1: Restricted stock units granted to Reporting Person on August 1, 2026, pursuant to the Ventas, Inc. 2022 Incentive Plan (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 as follows: 4,278 units on February 1, 2027, 4,278 units on February 1, 2028 and 2,138 units on February 1, 2029.
F2: Represents the applicable closing price per share of Issuer's common stock.
F3: Restricted stock units granted to Reporting Person on August 1, 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.
--- Signature ---
/s/ Andy Wattula, By: /s/ Kenneth Hagan, Attorney-in-Fact (2026-08-04)
