SEC Form 4 · accession 0002154894-26-000005
ESSENTIAL PROPERTIES REALTY TRUST, INC. · EPRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig J Vachris
Officer — Executive VP and CIO
Period of report
Sep 15, 2026
Accepted (ET)
Sep 16, 2026 · 4:10 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001728951
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OP UnitsF1,F2,F3 | — | Sep 15, 2026 | A | 67,476 | A | — | — | Common Stock | 67,476 | 67,476 | D |
Explanation of responses
- F1The OP Units ("OP Units") are units of limited partnership interest issued by Essential Properties, L.P., a Delaware limited partnership and the entity through which Essential Properties Realty Trust, Inc. (the "Company") holds substantially all of its assets and conducts its operations. The OP Units are redeemable by the holder for cash or, at the Company's election, may be exchanged for shares of the Company's common stock at a one-to-one ratio, subject to anti-dilution adjustments.
- F2Represents a special class of OP Units issued by Essential Properties, L.P. pursuant to its Partnership Agreement and the Company's Long-Term Incentive Plan ("LTIP Units"). Each LTIP Unit represents the contingent right to receive one OP Unit upon vesting, conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes.
- F3These LTIP Units vest in one-fourth annual installments on each of the first four anniversaries of September 15, 2026, subject to the reporting person's continued employment by the Company through the applicable vesting date. There is no expiration date for the LTIP Units or OP Units.
Remarks
Exhibit 24.1 - Power of Attorney (incorporated by reference to the Power of Attorney filed as Exhibit 24.1 to the Form 3 filed by the reporting person on September 14, 2026.)