ExchangeRight Income Fund: Fisher David Allan reports a stock award

By AlphaYouPublished Oct 10, 2026Form 4

Stocks in this disclosure

Reported activity

Fisher David Allan

Reporting filer

Fisher David Allan reports a stock award, not an open-market purchase or sale, in ExchangeRight Income Fund. Form 4 filed Oct 9, 2026 lists 2 entries.

Disclosed: Oct 9, 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 51 Common Units (derivative)	Fisher David Allan	2026-10-08	A	Grant or award	3561.1336	Not stated (see footnotes)	3,561.134	1 day	Filed terms security Title: NLP 51 Common Units id: F1 id: F1 transaction Date: 2026-10-08 transaction Form Type: 4 transaction Code: A equity Swap Involved: false transaction Shares: 3561.1336 id: F2 transaction Acquired Disposed Code: A id: F1 id: F1 underlying Security Title: Class I Common Shares id: F1 shares Owned Following Transaction: 3561.1336 direct Or Indirect Ownership: I nature Of Ownership: By LLC id: F3
NLP 51 Common Units (derivative)	Fisher David Allan	2026-10-08	A	Grant or award	2076.4582	Not stated (see footnotes)	2,076.458	1 day	Filed terms security Title: NLP 51 Common Units id: F1 id: F1 transaction Date: 2026-10-08 transaction Form Type: 4 transaction Code: A equity Swap Involved: false transaction Shares: 2076.4582 id: F2 transaction Acquired Disposed Code: A id: F1 id: F1 underlying Security Title: Class I Common Shares id: F1 shares Owned Following Transaction: 2076.4582 direct Or Indirect Ownership: I nature Of Ownership: By LLC id: F4

NLP 51 Common Units (derivative)

Owner: Fisher David Allan
Date: 2026-10-08
Code: A
Action: Grant or award
Quantity: 3561.1336
Price: Not stated (see footnotes)
Following holdings: 3,561.134
Reporting delay: 1 day
Filed terms and references: Filed terms
security Title: NLP 51 Common Units
id: F1
id: F1
transaction Date: 2026-10-08
transaction Form Type: 4
transaction Code: A
equity Swap Involved: false
transaction Shares: 3561.1336
id: F2
transaction Acquired Disposed Code: A
id: F1
id: F1
underlying Security Title: Class I Common Shares
id: F1
shares Owned Following Transaction: 3561.1336
direct Or Indirect Ownership: I
nature Of Ownership: By LLC
id: F3

NLP 51 Common Units (derivative)

Owner: Fisher David Allan
Date: 2026-10-08
Code: A
Action: Grant or award
Quantity: 2076.4582
Price: Not stated (see footnotes)
Following holdings: 2,076.458
Reporting delay: 1 day
Filed terms and references: Filed terms
security Title: NLP 51 Common Units
id: F1
id: F1
transaction Date: 2026-10-08
transaction Form Type: 4
transaction Code: A
equity Swap Involved: false
transaction Shares: 2076.4582
id: F2
transaction Acquired Disposed Code: A
id: F1
id: F1
underlying Security Title: Class I Common Shares
id: F1
shares Owned Following Transaction: 2076.4582
direct Or Indirect Ownership: I
nature Of Ownership: By LLC
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.
Fisher David Allan: 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 8, 2026 by and among ExchangeRight Net Leased Portfolio 51 DST, a Delaware statutory trust ("DST") and the Operating Partnership, on October 8, 2026, the Operating Partnership issued these Units to the Reporting Person as the merger consideration in exchange for 0.3334 Class 1 Beneficial Interests in the DST held by the Reporting Person.
F3: The reported Units are owned jointly with the Reporting Person's spouse, with respect to which the Reporting Person shares voting and investment power.
F4: Owned by DLF Investments, LLC, an Iowa LLC owned 33.33% by David A. Fisher Revocable Trust, 33.33% by Lisa M. Fisher Revocable Trust, and 33.33% by an Irrevocable Trust with David and Lisa's children with Dave Van Steenis as the Trustee. David and Lisa control all decisions made by DLF Investments.

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 51 Common Units (derivative)

Fisher David Allan

2026-10-08

Grant or award

3561.1336

Not stated (see footnotes)

3,561.134

1 day

Filed terms

security Title: NLP 51 Common Units
id: F1
id: F1
transaction Date: 2026-10-08
transaction Form Type: 4
transaction Code: A
equity Swap Involved: false
transaction Shares: 3561.1336
id: F2
transaction Acquired Disposed Code: A
id: F1
id: F1
underlying Security Title: Class I Common Shares
id: F1
shares Owned Following Transaction: 3561.1336
direct Or Indirect Ownership: I
nature Of Ownership: By LLC
id: F3

NLP 51 Common Units (derivative)

Fisher David Allan

2026-10-08

Grant or award

2076.4582

Not stated (see footnotes)

2,076.458

1 day

Filed terms

security Title: NLP 51 Common Units
id: F1
id: F1
transaction Date: 2026-10-08
transaction Form Type: 4
transaction Code: A
equity Swap Involved: false
transaction Shares: 2076.4582
id: F2
transaction Acquired Disposed Code: A
id: F1
id: F1
underlying Security Title: Class I Common Shares
id: F1
shares Owned Following Transaction: 2076.4582
direct Or Indirect Ownership: I
nature Of Ownership: By LLC
id: F4

Filing context

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

Fisher David Allan: 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 8, 2026 by and among ExchangeRight Net Leased Portfolio 51 DST, a Delaware statutory trust ("DST") and the Operating Partnership, on October 8, 2026, the Operating Partnership issued these Units to the Reporting Person as the merger consideration in exchange for 0.3334 Class 1 Beneficial Interests in the DST held by the Reporting Person.

F3: The reported Units are owned jointly with the Reporting Person's spouse, with respect to which the Reporting Person shares voting and investment power.

F4: Owned by DLF Investments, LLC, an Iowa LLC owned 33.33% by David A. Fisher Revocable Trust, 33.33% by Lisa M. Fisher Revocable Trust, and 33.33% by an Irrevocable Trust with David and Lisa's children with Dave Van Steenis as the Trustee. David and Lisa control all decisions made by DLF Investments.