<div id="readability-page-1"><div><p><span>Swafford Charlotte A Director of National Health Investors Inc [NHI] filed a Form 4 on December 11, 2025 with the Securities and Exchange Commission disclosing the following changes in ownership:</span></p><div><table><tbody><tr><th><span>Date</span></th><th><span>Transaction</span></th><th><span>Shares</span></th><th><span>Price</span></th><th><span>Value</span></th></tr><tr><td><span>12/9/25</span></td><td><span>Exercise(1)</span></td><td><span>80,000</span></td><td><span>$61.54</span></td><td><span>$4,923,552</span></td></tr><tr><td><span>12/9/25</span></td><td><span>Surrender(2)</span></td><td><span>62,827</span></td><td><span>$78.37</span></td><td><span>$4,923,752</span></td></tr></tbody></table></div><p><span>Ending Holdings: 127,358 - Indirect</span></p><div><table><tbody><tr><td><span>(1)</span></td><td><span>25,000 shares exercised 3.8 years after vest date and 1.2 years before expiration date.</span></td></tr><tr><td><span> </span></td><td><span>25,000 shares exercised 4.8 years after vest date and 2.6 months before expiration date.</span></td></tr><tr><td><span> </span></td><td><span>10,000 shares exercised 9.2 months after vest date and 4.2 years before expiration date.</span></td></tr><tr><td><span> </span></td><td><span>10,000 shares exercised 1.8 years after vest date and 3.2 years before expiration date.</span></td></tr><tr><td><span> </span></td><td><span>10,000 shares exercised 2.8 years after vest date and 2.2 years before expiration date.</span></td></tr><tr><td><span>(2)</span></td><td><span>Surrender of shares back to company to pay option exercise cost and/or resulting tax liability.</span></td></tr></tbody></table></div><p><span>For a free trial, or to learn more about our insider trading analysis and data services, please visit http://www.washingtonservice.com or contact us at (301) 913-5100 or send an email to info@washingtonservice.com.</span></p><p><span>Founded in 1970, The Washington Service provides securities professionals with financial, economic and public policy research and data.</span></p><span> </span></div></div>

<p>Charlotte A. Swafford, Director of National Health Investors Inc, disclosed changes in ownership via Form 4 filed with the SEC. On December 9, 2025, Swafford exercised 80,000 shares at $61.54 and surrendered 62,827 shares at $78.37, ending with 127,358 shares indirectly. The surrender was to cover option exercise costs and tax liabilities.</p>

Dir Swafford Acquires 17,173 Of National Health Investors Inc [NHI]