LTC PROPERTIES INC 10-Q

Item 1A. RISK FACTORS There have been no material changes from the risk factors as previously disclosed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025. ​ 57 Table of Contents Ite m 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS During the three months ended March 31, 2026, we did not make any unregistered sales of equity securities. During the three months ended March 31, 2026, we acquired shares of common stock held by employees who tendered owned shares to satisfy tax withholding obligations. The average price per share for each month in the quarter ended March 31, 2026 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number ​ ​ ​ ​ ​ ​ ​ ​ ​ of Shares ​ Maximum ​ ​ ​ ​ ​ ​ ​ Purchased as ​ Number of ​ ​ ​ ​ Average ​ Part of ​ Shares that May ​ ​ Total Number ​ Price ​ Publicly ​ Yet Be ​ ​ of Shares ​ Paid per ​ Announced ​ Purchased Period ​ Purchased ​ Share ​ Plan ​ Under the Plan January 1 - January 31, 2026 — ​ $ — — — ​ February 1 - February 28, 2026 61,198 ​ $ 38.58 — — ​ March 1 - March 31, 2026 88,547 ​ $ 39.68 — — ​ Total ​ 149,745 ​ ​ ​ ​ — ​ — ​ ​ ​