Welltower Files Prospectus Supplement for Up to 166,666 Common Shares

Offering Overview

On October 27, 2026, Welltower Inc. (NYSE: WELL) filed a prospectus supplement on Form 424B5 covering the potential issuance of up to 166,666 shares of common stock from time to time.

Key Offering Details

• Purpose: The shares are registered to satisfy potential obligations pursuant to the vesting and settlement of equity-linked interests granted under the Welltower Fellowship Grant, established to honor the memory of Charles T. Munger, to operating partners and permitted designees.
• Cash Proceeds: Welltower will receive no cash proceeds from any share issuances under this supplement.
• Reference Stock Price: $240.61 per share as of October 26, 2026, representing an aggregate market value of approximately $40.1 million.
• Dilution Analysis: As of October 23, 2026, Welltower had 733,609,863 shares of common stock outstanding. The full issuance of 166,666 shares represents approximately 0.02% of the outstanding share count, making the dilutive impact negligible.

Market & Trading Significance

• Trading Significance: Low.
• This filing fulfills contractual registration requirements under equity incentive arrangements with operating partners rather than serving as a capital-raising event. The negligible dilution and absence of secondary dumping risk indicate minimal potential impact on share price dynamics.