C. Taylor Pickett - Jun 30, 2023 Form 4 Insider Report for OMEGA HEALTHCARE INVESTORS INC (OHI)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	OHI	Profits Interest Units	Options Exercise	$0	-41.5K	-13.55%	$0.00	265K	Jun 30, 2023	OP Units	41.5K		Direct	F1, F2, F3
transaction	OHI	OP Units	Options Exercise	$0	+41.5K	+12.19%	$0.00	382K	Jun 30, 2023	Common Stock	41.5K		Direct	F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Represents Profits Interest Units ("PIUs") in OHI Healthcare Properties Limited Partnership (the "Operating Partnership"), of which the Issuer is the general partner. Each PIU represents a contingent right to receive one (1) unit of limited partnership interest (an "OP Unit") in the Operating Partnership upon vesting and the satisfaction of certain tax-driven economic requirements. OP Units do not expire.
F2	Each OP Unit is redeemable at the election of the holder for cash equal to the then fair market value of one (1) share of Issuer common stock, or at the Issuer's election, one (1) share of Issuer common stock, subject to adjustment as set forth in the partnership agreement.
F3	Represents 25% of the PIUs that vested into OP Units at the end of each calendar quarter in 2023 based on the performance for the 2020-2022 performance period, subject to continued employment and accelerated vesting under certain conditions.
F4	The reporting person also indirectly holds 225,000 OP Units in C. Taylor Pickett Trust, an irrevocable trust for the benefit of the reporting person's spouse and son.