ExchangeRight Income Fund: Ungerecht Joshua reports a stock award

By AlphaYouPublished Oct 9, 2026Form 4

Stocks in this disclosure

Reported activity

Ungerecht Joshua

Reporting filer

Ungerecht Joshua reports a stock award, not an open-market purchase or sale, in ExchangeRight Income Fund. Form 4 filed Oct 8, 2026 lists 2 entries.

Disclosed: Oct 8, 2026

Reported details

2 entries

All validated entries in this disclosure
Security	Owner	Date	Code	Action	Quantity	Price	Following holdings	Reporting delay	Filed terms and references
NLP 53 Common Units (derivative)	Ungerecht Joshua	2026-10-06	A	Grant or award	16347.2675	Not stated (see footnotes)	16,347.268	2 days	Filed terms security Title: NLP 53 Common Units id: F1 id: F1 transaction Date: 2026-10-06 transaction Form Type: 4 transaction Code: A equity Swap Involved: false transaction Shares: 16347.2675 id: F2 transaction Acquired Disposed Code: A id: F1 id: F1 underlying Security Title: Class I Common Shares id: F1 shares Owned Following Transaction: 16347.2675 direct Or Indirect Ownership: I nature Of Ownership: By trust id: F3
NLP 53 Common Units (derivative)	Ungerecht Joshua	2026-10-06	A	Grant or award	6084.5925	Not stated (see footnotes)	6,084.593	2 days	Filed terms security Title: NLP 53 Common Units id: F1 transaction Date: 2026-10-06 transaction Form Type: 4 transaction Code: A equity Swap Involved: false transaction Shares: 6084.5925 id: F2 transaction Acquired Disposed Code: A id: F1 id: F1 underlying Security Title: Class I Common Shares id: F1 shares Owned Following Transaction: 6084.5925 direct Or Indirect Ownership: I nature Of Ownership: By trust id: F4

NLP 53 Common Units (derivative)

Owner: Ungerecht Joshua
Date: 2026-10-06
Code: A
Action: Grant or award
Quantity: 16347.2675
Price: Not stated (see footnotes)
Following holdings: 16,347.268
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: NLP 53 Common Units
id: F1
id: F1
transaction Date: 2026-10-06
transaction Form Type: 4
transaction Code: A
equity Swap Involved: false
transaction Shares: 16347.2675
id: F2
transaction Acquired Disposed Code: A
id: F1
id: F1
underlying Security Title: Class I Common Shares
id: F1
shares Owned Following Transaction: 16347.2675
direct Or Indirect Ownership: I
nature Of Ownership: By trust
id: F3

NLP 53 Common Units (derivative)

Owner: Ungerecht Joshua
Date: 2026-10-06
Code: A
Action: Grant or award
Quantity: 6084.5925
Price: Not stated (see footnotes)
Following holdings: 6,084.593
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: NLP 53 Common Units
id: F1
transaction Date: 2026-10-06
transaction Form Type: 4
transaction Code: A
equity Swap Involved: false
transaction Shares: 6084.5925
id: F2
transaction Acquired Disposed Code: A
id: F1
id: F1
underlying Security Title: Class I Common Shares
id: F1
shares Owned Following Transaction: 6084.5925
direct Or Indirect Ownership: I
nature Of Ownership: By trust
id: F4

Purchases, sales, grants and option exercises are different transactions. The reported code identifies the action; it does not establish a motive.

Filing context

Quantities and prices are shown in the units filed. No trade value is inferred from their product.
Ungerecht Joshua: Director.
F1: The reported NLP Common Units (the "Units") were issued pursuant to the Amendment to Classify Common Units dated October 5, 2026 to the Amended and Restated Limited Partnership Agreement (as amended, the "Partnership Agreement") of ExchangeRight Income Fund Operating Partnership, LP (the "Operating Partnership"). Under the Partnership Agreement, the holders of Units do not have any rights to convert their Units into units of any other class or series of units of, or any other securities or partnership interests in, the Operating Partnership. In addition, the holders of Units will not have any redemption rights under the Partnership Agreement, nor is any specific number of Common Shares of Beneficial Interest (the "Common Shares") of ExchangeRight Income Fund ("Registrant") deemed to underlie each Unit. However, the Units may be deemed to derive their value from the Class I Common Shares of the Registrant, and therefore are reported on this Form 4. The Units have no expiration date.
F2: Pursuant to that certain Agreement and Plan of Merger dated October 6, 2026 by and among ExchangeRight Net Leased Portfolio 53 DST, a Delaware statutory trust ("DST") and the Operating Partnership, on October 6, 2026, the Operating Partnership issued these Units to the Reporting Person as the merger consideration in exchange for 0.6861 Class 1 Beneficial Interests in the DST held by the Reporting Person.
F3: The reported shares are held in a revocable trust for the benefit of Mr. Ungerecht and his wife and children. Mr. Ungerecht is the co-trustee of the revocable trust, along with his wife, which holds the shares, and in this capacity he shares voting and dispositive power with his wife with respect to the shares. Mr. Ungerecht disclaims beneficial ownership with respect to the shares directly held by this revocable trust.
F4: The reported shares are held in the Trust for the benefit of Mr. Ungerecht's grandmother. In addition, Mr. Ungerecht is a remainder beneficiary of the Trust. Mr. Ungerecht is a co-trustee of the Trust, which holds the shares, and in this capacity he shares voting and dispositive power with the other co-trustee with respect to the shares. Mr. Ungerecht disclaims beneficial ownership with respect to the shares directly held by the Trust.

Original sources

SEC ownership filing

Prepared automatically from public filing data. Report a correction.

Security

Owner

Date

Code

Action

Quantity

Price

Following holdings

Reporting delay

Filed terms and references

NLP 53 Common Units (derivative)

Ungerecht Joshua

2026-10-06

Grant or award

16347.2675

Not stated (see footnotes)

16,347.268

2 days

Filed terms

security Title: NLP 53 Common Units
id: F1
id: F1
transaction Date: 2026-10-06
transaction Form Type: 4
transaction Code: A
equity Swap Involved: false
transaction Shares: 16347.2675
id: F2
transaction Acquired Disposed Code: A
id: F1
id: F1
underlying Security Title: Class I Common Shares
id: F1
shares Owned Following Transaction: 16347.2675
direct Or Indirect Ownership: I
nature Of Ownership: By trust
id: F3

NLP 53 Common Units (derivative)

Ungerecht Joshua

2026-10-06

Grant or award

6084.5925

Not stated (see footnotes)

6,084.593

2 days

Filed terms

security Title: NLP 53 Common Units
id: F1
transaction Date: 2026-10-06
transaction Form Type: 4
transaction Code: A
equity Swap Involved: false
transaction Shares: 6084.5925
id: F2
transaction Acquired Disposed Code: A
id: F1
id: F1
underlying Security Title: Class I Common Shares
id: F1
shares Owned Following Transaction: 6084.5925
direct Or Indirect Ownership: I
nature Of Ownership: By trust
id: F4

Filing context

Quantities and prices are shown in the units filed. No trade value is inferred from their product.

Ungerecht Joshua: Director.

F1: The reported NLP Common Units (the "Units") were issued pursuant to the Amendment to Classify Common Units dated October 5, 2026 to the Amended and Restated Limited Partnership Agreement (as amended, the "Partnership Agreement") of ExchangeRight Income Fund Operating Partnership, LP (the "Operating Partnership"). Under the Partnership Agreement, the holders of Units do not have any rights to convert their Units into units of any other class or series of units of, or any other securities or partnership interests in, the Operating Partnership. In addition, the holders of Units will not have any redemption rights under the Partnership Agreement, nor is any specific number of Common Shares of Beneficial Interest (the "Common Shares") of ExchangeRight Income Fund ("Registrant") deemed to underlie each Unit. However, the Units may be deemed to derive their value from the Class I Common Shares of the Registrant, and therefore are reported on this Form 4. The Units have no expiration date.

F2: Pursuant to that certain Agreement and Plan of Merger dated October 6, 2026 by and among ExchangeRight Net Leased Portfolio 53 DST, a Delaware statutory trust ("DST") and the Operating Partnership, on October 6, 2026, the Operating Partnership issued these Units to the Reporting Person as the merger consideration in exchange for 0.6861 Class 1 Beneficial Interests in the DST held by the Reporting Person.

F3: The reported shares are held in a revocable trust for the benefit of Mr. Ungerecht and his wife and children. Mr. Ungerecht is the co-trustee of the revocable trust, along with his wife, which holds the shares, and in this capacity he shares voting and dispositive power with his wife with respect to the shares. Mr. Ungerecht disclaims beneficial ownership with respect to the shares directly held by this revocable trust.

F4: The reported shares are held in the Trust for the benefit of Mr. Ungerecht's grandmother. In addition, Mr. Ungerecht is a remainder beneficiary of the Trust. Mr. Ungerecht is a co-trustee of the Trust, which holds the shares, and in this capacity he shares voting and dispositive power with the other co-trustee with respect to the shares. Mr. Ungerecht disclaims beneficial ownership with respect to the shares directly held by the Trust.