NHP

Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by National Healthcare Properties, Inc. (the "Issuer") into an equivalent number of units of National Healthcare Properties Operating Partnership, L.P. ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.

The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P.

The LTIP Units will vest on May 15, 2027, subject to the recipient's continued service through the applicable vesting date.

Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by National Healthcare Properties, Inc. (the "Issuer") into an equivalent number of units of National Healthcare Properties Operating Partnership, L.P. ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.

The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P.

The LTIP Units will vest on May 15, 2027, subject to the recipient's continued service through the applicable vesting date.

Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by National Healthcare Properties, Inc. (the "Issuer") into an equivalent number of units of National Healthcare Properties Operating Partnership, L.P. ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.

The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P.

The LTIP Units will vest on May 15, 2027, subject to the recipient's continued service through the applicable vesting date.

Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by National Healthcare Properties, Inc. (the "Issuer") into an equivalent number of units of National Healthcare Properties Operating Partnership, L.P. ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.

The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P.

The LTIP Units will vest on May 15, 2027, subject to the recipient's continued service through the applicable vesting date.

Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by National Healthcare Properties, Inc. (the "Issuer") into an equivalent number of units of National Healthcare Properties Operating Partnership, L.P. ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.

The LTIP Units will vest on May 15, 2027, subject to the recipient's continued service through the applicable vesting date.

The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P.

Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by National Healthcare Properties, Inc. (the "Issuer") into an equivalent number of units of National Healthcare Properties Operating Partnership, L.P. ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.

The LTIP Units will vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, subject to the recipient's continued service through the applicable vesting date.

The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P.

Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by National Healthcare Properties, Inc. (the "Issuer") into an equivalent number of units of National Healthcare Properties Operating Partnership, L.P. ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.

The LTIP Units will vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, subject to the recipient's continued service through the applicable vesting date.

The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P.

Represents restricted shares of National Healthcare Properties, Inc.'s ("NHP") common stock, par value $0.01 per share ("Common Stock"), issued under NHP's 2025 Omnibus Incentive Compensation Plan that will vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, subject to the recipient's continued service through the applicable vesting date.

Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by National Healthcare Properties, Inc. (the "Issuer") into an equivalent number of units of National Healthcare Properties Operating Partnership, L.P. ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.

The LTIP Units will vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, subject to the recipient's continued service through the applicable vesting date.

The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P.

Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by National Healthcare Properties, Inc. (the "Issuer") into an equivalent number of units of National Healthcare Properties Operating Partnership, L.P. ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.

The LTIP Units will vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, subject to the recipient's continued service through the applicable vesting date.

The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P.

Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by National Healthcare Properties, Inc. (the "Issuer") into an equivalent number of units of National Healthcare Properties Operating Partnership, L.P. ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.

The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P.

The LTIP Units will vest ratably on the first, second and third anniversaries of January 1, 2026, subject to the recipient's continued service through the applicable vesting date.

Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by National Healthcare Properties, Inc. (the "Issuer") into an equivalent number of units of National Healthcare Properties Operating Partnership, L.P. ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.

The LTIP Units will vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, subject to the recipient's continued service through the applicable vesting date.

The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P.

Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by National Healthcare Properties, Inc. (the "Issuer") into an equivalent number of units of National Healthcare Properties Operating Partnership, L.P. ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.

The LTIP Units will vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, subject to the recipient's continued service through the applicable vesting date.

The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P.

Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by National Healthcare Properties, Inc. (the "Issuer") into an equivalent number of units of National Healthcare Properties Operating Partnership, L.P. ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.

The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P.

The LTIP Units will vest ratably on the first, second and third anniversaries of January 1, 2026, subject to the recipient's continued service through the applicable vesting date.

Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by National Healthcare Properties, Inc. (the "Issuer") into an equivalent number of units of National Healthcare Properties Operating Partnership, L.P. ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.

The LTIP Units will vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, subject to the recipient's continued service through the applicable vesting date.

The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P.

Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by National Healthcare Properties, Inc. (the "Issuer") into an equivalent number of units of National Healthcare Properties Operating Partnership, L.P. ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.

The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P.

The LTIP Units will vest ratably on the first, second and third anniversaries of January 1, 2026, subject to the recipient's continued service through the applicable vesting date.

Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by National Healthcare Properties, Inc. (the "Issuer") into an equivalent number of units of National Healthcare Properties Operating Partnership, L.P. ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.

The LTIP Units will vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, subject to the recipient's continued service through the applicable vesting date.

The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P.

Reflects shares of National Healthcare Properties, Inc.'s common stock withheld to satisfy a tax withholding obligation in connection with the vesting of a restricted stock award granted to the reporting person on May 23, 2025.

There is no established market for the common stock. On March 26, 2025, the board of directors approved an estimated per-share net asset value of common stock of $32.15 as of December 31, 2024.

Represents restricted shares of National Healthcare Properties, Inc.'s ("NHP") common stock, par value $0.01 per share ("Common Stock"), issued under NHP's 2025 Omnibus Incentive Compensation Plan that will vest on May 22, 2026. There is no established market for the Common Stock. On March 26, 2025, the board of directors of NHP approved an estimated per-share net asset value of Common Stock of $32.15 as of December 31, 2024.

The number of shares of Common Stock previously owned by the reporting person has been adjusted to reflect a four-for-one reverse stock split effected by NHP on September 30, 2024.

Represents restricted shares of National Healthcare Properties, Inc.'s ("NHP") common stock, par value $0.01 per share ("Common Stock"), issued under NHP's 2025 Omnibus Incentive Compensation Plan that will vest on May 22, 2026. There is no established market for the Common Stock. On March 26, 2025, the board of directors of NHP approved an estimated per-share net asset value of Common Stock of $32.15 as of December 31, 2024.

The number of shares of Common Stock previously owned by the reporting person has been adjusted to reflect a four-for-one reverse stock split effected by NHP on September 30, 2024.

Pursuant to National Healthcare Properties, Inc.'s ("NHP") long-term incentive compensation plan and its employment agreement with the reporting person, the reporting person was granted an award of time-based restricted shares of NHP's common stock, par value $0.01 per share ("Common Stock"), issued under NHP's 2025 Omnibus Incentive Compensation Plan ("Plan"), that will vest ratably on the first, second and third anniversaries of September 27, 2024, subject to the reporting person's continued service as an employee through the applicable vesting date.

There is no established market for the Common Stock. On March 26, 2025, the board of directors of NHP approved an estimated per-share net asset value of Common Stock of $32.15 as of December 31, 2024.

Pursuant to National Healthcare Properties, Inc.'s ("NHP") long-term incentive compensation plan and its employment agreement with the reporting person, the reporting person was granted an award of time-based restricted shares of NHP's common stock, par value $0.01 per share ("Common Stock"), issued under NHP's 2025 Omnibus Incentive Compensation Plan ("Plan"), that will vest ratably on the first, second and third anniversaries of January 1, 2025, subject to the reporting person's continued service as an employee through the applicable vesting date.

There is no established market for the Common Stock. On March 26, 2025, the board of directors of NHP approved an estimated per-share net asset value of Common Stock of $32.15 as of December 31, 2024.

Represents restricted shares of National Healthcare Properties, Inc.'s ("NHP") common stock, par value $0.01 per share ("Common Stock"), issued under NHP's 2025 Omnibus Incentive Compensation Plan that will vest on May 22, 2026. There is no established market for the Common Stock. On March 26, 2025, the board of directors of NHP approved an estimated per-share net asset value of Common Stock of $32.15 as of December 31, 2024.

The number of shares of Common Stock previously owned by the reporting person has been adjusted to reflect a four-for-one reverse stock split effected by NHP on September 30, 2024.

Represents restricted shares of National Healthcare Properties, Inc.'s ("NHP") common stock, par value $0.01 per share ("Common Stock"), issued under NHP's 2025 Omnibus Incentive Compensation Plan that will vest on May 22, 2026. There is no established market for the Common Stock. On March 26, 2025, the board of directors of NHP approved an estimated per-share net asset value of Common Stock of $32.15 as of December 31, 2024.

The number of shares of Common Stock previously owned by the reporting person has been adjusted to reflect a four-for-one reverse stock split effected by NHP on September 30, 2024.

Represents restricted shares of National Healthcare Properties, Inc.'s ("NHP") common stock, par value $0.01 per share ("Common Stock"), issued under NHP's 2025 Omnibus Incentive Compensation Plan that will vest on May 22, 2026. There is no established market for the Common Stock. On March 26, 2025, the board of directors of NHP approved an estimated per-share net asset value of Common Stock of $32.15 as of December 31, 2024.