Ventas insider activity
What the executives and directors of Ventas actually did with their own shares, decoded from their SEC Form 4 filings. Each figure says the stretch of time it covers.
−$59M
net open-market flow, 12 m
1 open-market buy, 12 m
94.9%
of sale value on 10b5-1 plans, 12 m
110 days since an insider bought, whole record
The tape: three years of insider trades
Open-market buy
Discretionary sale
Planned sale (10b5-1)
Reported-price path
Routine
Every marker sits at the price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the grey strip is the routine flow (grants, vestings, tax withholding and gifts) that a headline gets wrong by counting it as selling.
The 285 routine events on the chart, as a list
| Date | Insider | Shares |
|---|---|---|
| Aug 1, 2026 | Wattula Andy | 15K |
| Jul 16, 2026 | LUSTIG MATTHEW J | 281 |
| Jul 16, 2026 | EMBLER MICHAEL J | 72 |
| Jul 16, 2026 | NADER MARGUERITE M | 72 |
| Jul 16, 2026 | Roy Sumit | 119 |
| Jul 16, 2026 | Barnes Melody C | 72 |
| Jul 16, 2026 | Martino Roxanne M | 174 |
| Jul 16, 2026 | Smith Maurice S | 128 |
| Jul 16, 2026 | Rodriguez Joe Vasquez Jr. | 49 |
| Jul 1, 2026 | LUSTIG MATTHEW J | 448 |
| Jul 1, 2026 | Roy Sumit | 349 |
| Jul 1, 2026 | Martino Roxanne M | 544 |
| Jul 1, 2026 | Smith Maurice S | 461 |
| May 13, 2026 | BIGMAN THEODORE | 2,047 |
| May 13, 2026 | RAKOWICH WALTER C | 2,047 |
| May 13, 2026 | LUSTIG MATTHEW J | 2,047 |
| May 13, 2026 | EMBLER MICHAEL J | 2,047 |
| May 13, 2026 | NADER MARGUERITE M | 2,047 |
| May 13, 2026 | Roy Sumit | 2,047 |
| May 13, 2026 | Nolan Sean P. | 2,047 |
| May 13, 2026 | Barnes Melody C | 2,047 |
| May 13, 2026 | Martino Roxanne M | 2,047 |
| May 13, 2026 | Smith Maurice S | 2,047 |
| May 13, 2026 | Rodriguez Joe Vasquez Jr. | 2,047 |
| May 1, 2026 | Bulgarelli Peter J. | 6,214 |
| Apr 16, 2026 | LUSTIG MATTHEW J | 296 |
| Apr 16, 2026 | EMBLER MICHAEL J | 67 |
| Apr 16, 2026 | NADER MARGUERITE M | 67 |
| Apr 16, 2026 | Roy Sumit | 116 |
| Apr 16, 2026 | Barnes Melody C | 67 |
| Apr 16, 2026 | Martino Roxanne M | 188 |
| Apr 16, 2026 | Smith Maurice S | 126 |
| Apr 16, 2026 | Rodriguez Joe Vasquez Jr. | 41 |
| Apr 1, 2026 | LUSTIG MATTHEW J | 396 |
| Apr 1, 2026 | Roy Sumit | 381 |
| Apr 1, 2026 | Martino Roxanne M | 625 |
| Apr 1, 2026 | Smith Maurice S | 457 |
| Feb 11, 2026 | CAFARO DEBRA A | 310K |
| Feb 11, 2026 | Hutchens James Justin | 78K |
| Feb 11, 2026 | Probst Robert F | 83K |
| Feb 11, 2026 | Roberts Carey S. | 56K |
| Feb 11, 2026 | Bulgarelli Peter J. | 57K |
| Feb 6, 2026 | CAFARO DEBRA A | 21K |
| Feb 1, 2026 | CAFARO DEBRA A | 24K |
| Feb 1, 2026 | Hutchens James Justin | 9,583 |
| Feb 1, 2026 | Probst Robert F | 10K |
| Feb 1, 2026 | Roberts Carey S. | 6,754 |
| Feb 1, 2026 | Bulgarelli Peter J. | 7,058 |
| Jan 15, 2026 | LUSTIG MATTHEW J | 299 |
| Jan 15, 2026 | EMBLER MICHAEL J | 68 |
| Jan 15, 2026 | NADER MARGUERITE M | 68 |
| Jan 15, 2026 | Roy Sumit | 116 |
| Jan 15, 2026 | Barnes Melody C | 68 |
| Jan 15, 2026 | Martino Roxanne M | 188 |
| Jan 15, 2026 | Smith Maurice S | 126 |
| Jan 15, 2026 | Rodriguez Joe Vasquez Jr. | 42 |
| Jan 2, 2026 | LUSTIG MATTHEW J | 420 |
| Jan 2, 2026 | CAFARO DEBRA A | 18K |
| Jan 2, 2026 | Hutchens James Justin | 2,043 |
| Jan 2, 2026 | Roy Sumit | 404 |
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
The chart, in numbers
| Flow | Shares |
|---|---|
| Granted | 489K |
| Vested / exercised | 715K |
| Bought on market | 2,500 |
| Withheld for tax | 222K |
| Planned sales (10b5-1) | 761K |
| Discretionary sales | 36K |
| Kept | 189K |
Skin in the game
Directly held shares as reported after each trade, indexed to 100 at the start of the window, up to five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
The chart, in numbers
| Insider | Start of the window | Latest reported | Indexed, start = 100 |
|---|---|---|---|
| CAFARO DEBRA A | 741K | 1.3M | 170.9 |
| Hutchens James Justin | 109K | 201K | 183.7 |
| Probst Robert F | 162K | 170K | 104.8 |
| Bulgarelli Peter J. | 92K | 121K | 131.5 |
| LUSTIG MATTHEW J | 58K | 96K | 166.2 |
Who holds what
the 14 largest holdings of 19| Insider | Role | Shares held | Buys 12 m | Sales 12 m | 12 m | Last trade |
|---|---|---|---|---|---|---|
| CAFARO DEBRA A Chairman and CEO Last trade Feb 6, 2026 | CEO | 1.4M | – | $50M | net selling over the year: 0 months buying, 5 months selling | Feb 6, 2026 |
| Hutchens James Justin EVP Senior Housing and CIO | Officer | 197K | – | – | – | |
| Probst Robert F EVP and CFO Last trade Jan 2, 2026 | CFO | 170K | – | $4.9M | net selling over the year: 0 months buying, 2 months selling | Jan 2, 2026 |
| Bulgarelli Peter J. EVP OM&R-Ventas/Pres&CEO-LHS Last trade Nov 19, 2025 | CEO | 124K | – | $1.1M | net selling over the year: 0 months buying, 3 months selling | Nov 19, 2025 |
| LUSTIG MATTHEW J Last trade Dec 21, 2012 | Director | 96K | – | – | Dec 21, 2012 | |
| Roberts Carey S. EVP and GC Last trade Feb 11, 2026 | Officer | 73K | – | $3.0M | net selling over the year: 0 months buying, 1 month selling | Feb 11, 2026 |
| SHELTON JAMES D Last trade Nov 10, 2021 | Director | 72K | – | – | Nov 10, 2021 | |
| Martino Roxanne M | Director | 67K | – | – | – | |
| Barnes Melody C Last trade May 7, 2018 | Director | 35K | – | – | May 7, 2018 | |
| Smith Maurice S | Director | 31K | – | – | – | |
| RAKOWICH WALTER C Last trade May 14, 2026 | Director | 28K | – | $104K | net selling over the year: 0 months buying, 1 month selling | May 14, 2026 |
| Nolan Sean P. Last trade Jul 21, 2020 | Director | 26K | – | – | Jul 21, 2020 | |
| Roy Sumit | Director | 25K | – | – | – | |
| NADER MARGUERITE M | Director | 24K | – | – | – |
Open-market trade log
the 60 most recent of 2,578| Date | Insider | Type | Shares | Price | Value | Since trade | Filed |
|---|---|---|---|---|---|---|---|
| Jun 3, 2026 | EMBLER MICHAEL J (Director) 2,500 shares $78.81 +0.0% since trade filed Jun 5, 2026 | Open-market buy | 2,500 | $78.81 | $197K | +0.0% | Jun 5, 2026 |
| May 14, 2026 | RAKOWICH WALTER C (Director) 1,152 shares $90.20 −12.6% since trade filed May 15, 2026 | Planned sale (10b5-1) | 1,152 | $90.20 | $104K | −12.6% | May 15, 2026 |
| Feb 11, 2026 | Roberts Carey S. (Officer) 36K shares $85.00 −7.3% since trade filed Feb 13, 2026 | Discretionary sale | 36K | $85.00 | $3.0M | −7.3% | Feb 13, 2026 |
| Feb 6, 2026 | CAFARO DEBRA A (CEO) 10K shares $82.23 −4.2% since trade filed Feb 10, 2026 | Planned sale (10b5-1) | 10K | $82.23 | $849K | −4.2% | Feb 10, 2026 |
| Feb 2, 2026 | CAFARO DEBRA A (CEO) 10K shares $77.66 +1.5% since trade filed Feb 3, 2026 | Planned sale (10b5-1) | 10K | $77.66 | $802K | +1.5% | Feb 3, 2026 |
| Jan 2, 2026 | CAFARO DEBRA A (CEO) 10K shares $77.26 +2.0% since trade filed Jan 6, 2026 | Planned sale (10b5-1) | 10K | $77.26 | $797K | +2.0% | Jan 6, 2026 |
| Jan 2, 2026 | Probst Robert F (CFO) 30K shares $77.25 +2.0% since trade filed Jan 6, 2026 | Planned sale (10b5-1) | 30K | $77.25 | $2.3M | +2.0% | Jan 6, 2026 |
| Dec 1, 2025 | CAFARO DEBRA A (CEO) 10K shares $80.55 −2.2% since trade filed Dec 3, 2025 | Planned sale (10b5-1) | 10K | $80.55 | $831K | −2.2% | Dec 3, 2025 |
| Nov 19, 2025 | Bulgarelli Peter J. (CEO) 2,229 shares $80.08 −1.6% since trade filed Nov 20, 2025 | Planned sale (10b5-1) | 2,229 | $80.08 | $178K | −1.6% | Nov 20, 2025 |
| Nov 18, 2025 | Bulgarelli Peter J. (CEO) 2,771 shares $80.01 −1.5% since trade filed Nov 20, 2025 | Planned sale (10b5-1) | 2,771 | $80.01 | $222K | −1.5% | Nov 20, 2025 |
| Nov 17, 2025 | CAFARO DEBRA A (CEO) 41K shares $79.01 −0.3% since trade filed Nov 19, 2025 | Planned sale (10b5-1) | 41K | $79.01 | $3.3M | −0.3% | Nov 19, 2025 |
| Nov 12, 2025 | Probst Robert F (CFO) 34K shares $76.77 +2.7% since trade filed Nov 14, 2025 | Planned sale (10b5-1) | 34K | $76.77 | $2.6M | +2.7% | Nov 14, 2025 |
| Nov 7, 2025 | Bulgarelli Peter J. (CEO) 40 shares $75.70 +4.1% since trade filed Nov 12, 2025 | Planned sale (10b5-1) | 40 | $75.70 | $3K | +4.1% | Nov 12, 2025 |
| Nov 6, 2025 | CAFARO DEBRA A (CEO) 264 shares $75.05 +5.0% since trade filed Nov 6, 2025 | Planned sale (10b5-1) | 264 | $75.05 | $20K | +5.0% | Nov 6, 2025 |
| Nov 6, 2025 | Bulgarelli Peter J. (CEO) 166 shares $75.15 +4.9% since trade filed Nov 6, 2025 | Planned sale (10b5-1) | 166 | $75.15 | $12K | +4.9% | Nov 6, 2025 |
| Nov 5, 2025 | CAFARO DEBRA A (CEO) 19K shares $75.29 +4.7% since trade filed Nov 6, 2025 | Planned sale (10b5-1) | 19K | $75.29 | $1.4M | +4.7% | Nov 6, 2025 |
| Nov 5, 2025 | Bulgarelli Peter J. (CEO) 870 shares $75.28 +4.7% since trade filed Nov 6, 2025 | Planned sale (10b5-1) | 870 | $75.28 | $65K | +4.7% | Nov 6, 2025 |
| Nov 4, 2025 | CAFARO DEBRA A (CEO) 11K shares $75.02 +5.1% since trade filed Nov 6, 2025 | Planned sale (10b5-1) | 11K | $75.02 | $859K | +5.1% | Nov 6, 2025 |
| Nov 4, 2025 | Bulgarelli Peter J. (CEO) 3,924 shares $75.00 +5.1% since trade filed Nov 6, 2025 | Planned sale (10b5-1) | 3,924 | $75.00 | $294K | +5.1% | Nov 6, 2025 |
| Nov 3, 2025 | CAFARO DEBRA A (CEO) 10K shares $73.74 +6.9% since trade filed Nov 3, 2025 | Planned sale (10b5-1) | 10K | $73.74 | $761K | +6.9% | Nov 3, 2025 |
| Nov 3, 2025 | CAFARO DEBRA A (CEO) 10K shares $73.98 +6.5% since trade filed Nov 3, 2025 | Planned sale (10b5-1) | 10K | $73.98 | $764K | +6.5% | Nov 3, 2025 |
| Oct 30, 2025 | CAFARO DEBRA A (CEO) 21K shares $74.34 +6.0% since trade filed Nov 3, 2025 | Planned sale (10b5-1) | 21K | $74.34 | $1.5M | +6.0% | Nov 3, 2025 |
| Oct 30, 2025 | CAFARO DEBRA A (CEO) 31K shares $74.32 +6.0% since trade filed Nov 3, 2025 | Planned sale (10b5-1) | 31K | $74.32 | $2.3M | +6.0% | Nov 3, 2025 |
| Oct 30, 2025 | CAFARO DEBRA A (CEO) 41K shares $73.64 +7.0% since trade filed Nov 3, 2025 | Planned sale (10b5-1) | 41K | $73.64 | $3.0M | +7.0% | Nov 3, 2025 |
| Oct 30, 2025 | CAFARO DEBRA A (CEO) 224K shares $74.34 +6.0% since trade filed Nov 3, 2025 | Planned sale (10b5-1) | 224K | $74.34 | $17M | +6.0% | Nov 3, 2025 |
| Oct 20, 2025 | CAFARO DEBRA A (CEO) 34K shares $71.32 +10.5% since trade filed Oct 22, 2025 | Planned sale (10b5-1) | 34K | $71.32 | $2.4M | +10.5% | Oct 22, 2025 |
| Oct 20, 2025 | CAFARO DEBRA A (CEO) 185K shares $71.32 +10.5% since trade filed Oct 22, 2025 | Planned sale (10b5-1) | 185K | $71.32 | $13M | +10.5% | Oct 22, 2025 |
| Oct 1, 2025 | CAFARO DEBRA A (CEO) 10K shares $70.24 +12.2% since trade filed Oct 2, 2025 | Planned sale (10b5-1) | 10K | $70.24 | $725K | +12.2% | Oct 2, 2025 |
| Oct 1, 2025 | Bulgarelli Peter J. (CEO) 2,554 shares $70.26 +12.2% since trade filed Oct 2, 2025 | Planned sale (10b5-1) | 2,554 | $70.26 | $179K | +12.2% | Oct 2, 2025 |
| Sep 30, 2025 | Bulgarelli Peter J. (CEO) 2,040 shares $69.99 +12.6% since trade filed Oct 2, 2025 | Planned sale (10b5-1) | 2,040 | $69.99 | $143K | +12.6% | Oct 2, 2025 |
| Sep 15, 2025 | Bulgarelli Peter J. (CEO) 406 shares $70.00 +12.6% since trade filed Sep 17, 2025 | Planned sale (10b5-1) | 406 | $70.00 | $28K | +12.6% | Sep 17, 2025 |
| Sep 2, 2025 | CAFARO DEBRA A (CEO) 10K shares $67.80 +16.2% since trade filed Sep 4, 2025 | Planned sale (10b5-1) | 10K | $67.80 | $700K | +16.2% | Sep 4, 2025 |
| Aug 4, 2025 | Probst Robert F (CFO) 30K shares $68.49 +15.1% since trade filed Aug 6, 2025 | Planned sale (10b5-1) | 30K | $68.49 | $2.0M | +15.1% | Aug 6, 2025 |
| Aug 1, 2025 | CAFARO DEBRA A (CEO) 10K shares $67.40 +16.9% since trade filed Aug 1, 2025 | Planned sale (10b5-1) | 10K | $67.40 | $696K | +16.9% | Aug 1, 2025 |
| Jul 31, 2025 | Probst Robert F (CFO) 3,900 shares $68.45 +15.1% since trade filed Aug 1, 2025 | Planned sale (10b5-1) | 3,900 | $68.45 | $267K | +15.1% | Aug 1, 2025 |
| Jul 21, 2025 | Probst Robert F (CFO) 29K shares $66.29 +18.9% since trade filed Jul 23, 2025 | Planned sale (10b5-1) | 29K | $66.29 | $2.0M | +18.9% | Jul 23, 2025 |
| Jul 18, 2025 | CAFARO DEBRA A (CEO) 4,375 shares $65.82 +19.7% since trade filed Jul 18, 2025 | Planned sale (10b5-1) | 4,375 | $65.82 | $288K | +19.7% | Jul 18, 2025 |
| Jul 18, 2025 | Probst Robert F (CFO) 4,098 shares $66.24 +19.0% since trade filed Jul 18, 2025 | Planned sale (10b5-1) | 4,098 | $66.24 | $271K | +19.0% | Jul 18, 2025 |
| Jul 16, 2025 | CAFARO DEBRA A (CEO) 1,224 shares $65.62 +20.1% since trade filed Jul 16, 2025 | Planned sale (10b5-1) | 1,224 | $65.62 | $80K | +20.1% | Jul 16, 2025 |
| Jul 15, 2025 | CAFARO DEBRA A (CEO) 292 shares $65.65 +20.1% since trade filed Jul 16, 2025 | Planned sale (10b5-1) | 292 | $65.65 | $19K | +20.1% | Jul 16, 2025 |
| Jul 14, 2025 | CAFARO DEBRA A (CEO) 15K shares $65.60 +20.1% since trade filed Jul 16, 2025 | Planned sale (10b5-1) | 15K | $65.60 | $968K | +20.1% | Jul 16, 2025 |
| Jul 14, 2025 | Probst Robert F (CFO) 168K shares $65.36 +20.6% since trade filed Jul 16, 2025 | Planned sale (10b5-1) | 168K | $65.36 | $11M | +20.6% | Jul 16, 2025 |
| May 30, 2025 | Roberts Carey S. (Officer) 24K shares $64.23 +22.7% since trade filed May 30, 2025 | Discretionary sale | 24K | $64.23 | $1.5M | +22.7% | May 30, 2025 |
| May 27, 2025 | Probst Robert F (CFO) 17K shares $65.22 +20.8% since trade filed May 29, 2025 | Planned sale (10b5-1) | 17K | $65.22 | $1.1M | +20.8% | May 29, 2025 |
| May 21, 2025 | Probst Robert F (CFO) 34K shares $64.57 +22.1% since trade filed May 23, 2025 | Planned sale (10b5-1) | 34K | $64.57 | $2.2M | +22.1% | May 23, 2025 |
| May 21, 2025 | Probst Robert F (CFO) 36K shares $64.62 +22.0% since trade filed May 23, 2025 | Planned sale (10b5-1) | 36K | $64.62 | $2.3M | +22.0% | May 23, 2025 |
| May 14, 2025 | RAKOWICH WALTER C (Director) 1,459 shares $63.76 +23.6% since trade filed May 15, 2025 | Planned sale (10b5-1) | 1,459 | $63.76 | $93K | +23.6% | May 15, 2025 |
| May 2, 2025 | CAFARO DEBRA A (CEO) 1,212 shares $66.45 +18.6% since trade filed May 5, 2025 | Planned sale (10b5-1) | 1,212 | $66.45 | $81K | +18.6% | May 5, 2025 |
| May 1, 2025 | CAFARO DEBRA A (CEO) 9,110 shares $66.04 +19.3% since trade filed May 5, 2025 | Planned sale (10b5-1) | 9,110 | $66.04 | $602K | +19.3% | May 5, 2025 |
| Apr 3, 2025 | CAFARO DEBRA A (CEO) 7,062 shares $71.06 +10.9% since trade filed Apr 7, 2025 | Planned sale (10b5-1) | 7,062 | $71.06 | $502K | +10.9% | Apr 7, 2025 |
| Apr 3, 2025 | CAFARO DEBRA A (CEO) 37K shares $71.06 +10.9% since trade filed Apr 7, 2025 | Planned sale (10b5-1) | 37K | $71.06 | $2.7M | +10.9% | Apr 7, 2025 |
| Mar 4, 2025 | CAFARO DEBRA A (CEO) 1,200 shares $71.04 +10.9% since trade filed Mar 4, 2025 | Planned sale (10b5-1) | 1,200 | $71.04 | $85K | +10.9% | Mar 4, 2025 |
| Mar 3, 2025 | CAFARO DEBRA A (CEO) 388 shares $71.00 +11.0% since trade filed Mar 4, 2025 | Planned sale (10b5-1) | 388 | $71.00 | $28K | +11.0% | Mar 4, 2025 |
| Feb 28, 2025 | CAFARO DEBRA A (CEO) 41K shares $69.08 +14.1% since trade filed Mar 4, 2025 | Planned sale (10b5-1) | 41K | $69.08 | $2.9M | +14.1% | Mar 4, 2025 |
| Feb 25, 2025 | CAFARO DEBRA A (CEO) 215K shares $68.22 +15.5% since trade filed Feb 26, 2025 | Planned sale (10b5-1) | 215K | $68.22 | $15M | +15.5% | Feb 26, 2025 |
| Feb 24, 2025 | CAFARO DEBRA A (CEO) 9,680 shares $68.00 +15.9% since trade filed Feb 26, 2025 | Planned sale (10b5-1) | 9,680 | $68.00 | $658K | +15.9% | Feb 26, 2025 |
| Feb 13, 2025 | Liebbe Gregory R (Officer) 3,866 shares $63.00 +25.1% since trade filed Feb 18, 2025 | Planned sale (10b5-1) | 3,866 | $63.00 | $244K | +25.1% | Feb 18, 2025 |
| Oct 30, 2024 | CAFARO DEBRA A (CEO) 34K shares $66.67 +18.2% since trade filed Oct 31, 2024 | Planned sale (10b5-1) | 34K | $66.67 | $2.3M | +18.2% | Oct 31, 2024 |
| Oct 29, 2024 | CAFARO DEBRA A (CEO) 121K shares $66.17 +19.1% since trade filed Oct 31, 2024 | Planned sale (10b5-1) | 121K | $66.17 | $8.0M | +19.1% | Oct 31, 2024 |
| Oct 25, 2024 | CAFARO DEBRA A (CEO) 6,004 shares $66.11 +19.2% since trade filed Oct 28, 2024 | Planned sale (10b5-1) | 6,004 | $66.11 | $397K | +19.2% | Oct 28, 2024 |
“Since trade” compares with the latest insider-implied price, not a market quote: these pages are built from filings alone. A role here is the one on that day's Form 4, so somebody promoted since appears under both titles.
Filing hygiene
305 Forms 4, 3 years
0 filed late
0 amendments
1.3 avg. days to file
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.