Sec Form 3 Filing - Moses Kelvin O @ HEALTHPEAK PROPERTIES, INC. - 2025-03-01

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Moses Kelvin O 2. Issuer Name and Ticker or Trading Symbol HEALTHPEAK PROPERTIES, INC. [ DOC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) EVP, Investments and PM (Last) (First) (Middle) 4600 SOUTH SYRACUSE STREET, SUITE 500 3. Date of Earliest Transaction (MM/DD/YY) 03/01/2025 (Street) DENVER, CO80237 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 0 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares LTIP Units ( 2 ) ( 1 )( 2 ) ( 2 ) Common Stock 2,978 D LTIP Units ( 2 ) ( 2 )( 3 ) ( 2 ) Common Stock 9,338 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Moses Kelvin O 4600 SOUTH SYRACUSE STREET SUITE 500 DENVER, CO80237 EVP, Investments and PM Signatures Carol Samaan, SVP, Legal (Attorney-In-Fact) 03/03/2025 Signature of Reporting Person Date

Explanation of Responses:

( 1 )These LTIP Units represent the unvested portion of the original grant of restricted stock units in respect of shares of common stock of the Issuer that were previously granted to reporting person on February 9 2023, provided for time-based vesting, and were cancelled by Issuer on February 7, 2025 ("Cancelled RSUs") and replaced as described in footnote 2. The replacement award will vest on February 9, 2026, subject to continued service with the Issuer. ( 2 )Represents Cancelled RSUs that were replaced with an award of a class of units of membership interests in Healthpeak OP, LLC ("Healthpeak OP"), the operating subsidiary of Issuer, designated as LTIP Units intended to qualify as profits interests for U.S. federal income tax purposes, and which have the same vesting schedule as the corresponding Cancelled RSUs. Upon achieving equivalent capital account balance per unit and applicable vesting conditions, LTIP Units are convertible at the holder's election into common unit membership interests in Healthpeak OP ("Common Units"). Each Common Unit is redeemable, at holder's election, for cash equal to the fair market value of one share of Issuer's common stock or, at the option of Healthpeak OP, a share of Issuer's common stock on a 1:1 basis, and have no expiration date. ( 3 )These LTIP Units represent the unvested portion of the original grant of Cancelled RSUs (originally granted February 13, 2024), which were replaced as described in footnote 2. The replacement award will vest in two equal installments on each of February 13, 2026, and February 13, 2027, subject to continued service with the Issuer.

Remarks: Exhibit List: Exhibit 24 - Power of Attorney

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