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          <com:street2>SUITE 1600</com:street2>
          <com:city>CHICAGO</com:city>
          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>60654</com:zipCode>
        </issuerAddress>
        <issuerContactPhone>3126603800</issuerContactPhone>
        <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>CAFARO DEBRA A</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
        <relationshipsToIssuer>
          <relationshipToIssuer>Officer</relationshipToIssuer>
          <relationshipToIssuer>Director</relationshipToIssuer>
        </relationshipsToIssuer>
      </issuerInfo>
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        <securitiesClassTitle>Common Stock</securitiesClassTitle>
        <brokerOrMarketmakerDetails>
          <name>Merrill Lynch</name>
          <address>
            <com:street1>225 Liberty St</com:street1>
            <com:street2>Floor 37</com:street2>
            <com:city>New York</com:city>
            <com:stateOrCountry>NY</com:stateOrCountry>
            <com:zipCode>10281</com:zipCode>
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        <aggregateMarketValue>19168.71</aggregateMarketValue>
        <noOfUnitsOutstanding>451298340</noOfUnitsOutstanding>
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        <securitiesExchangeName>NYSE</securitiesExchangeName>
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        <securitiesClassTitle>Common Stock</securitiesClassTitle>
        <acquiredDate>07/15/2025</acquiredDate>
        <natureOfAcquisitionTransaction>Exercise of employee stock options</natureOfAcquisitionTransaction>
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        <isGiftTransaction>N</isGiftTransaction>
        <amountOfSecuritiesAcquired>292</amountOfSecuritiesAcquired>
        <paymentDate>07/15/2025</paymentDate>
        <natureOfPayment>Broker assisted exercise of employee stock options</natureOfPayment>
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          <address>
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            <com:street2>SUITE 1600</com:street2>
            <com:city>CHICAGO</com:city>
            <com:stateOrCountry>IL</com:stateOrCountry>
            <com:zipCode>60654</com:zipCode>
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        <saleDate>05/01/2025</saleDate>
        <amountOfSecuritiesSold>9110</amountOfSecuritiesSold>
        <grossProceeds>601603.03</grossProceeds>
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          <address>
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            <com:street2>SUITE 1600</com:street2>
            <com:city>CHICAGO</com:city>
            <com:stateOrCountry>IL</com:stateOrCountry>
            <com:zipCode>60654</com:zipCode>
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        <securitiesClassTitle>Common Stock</securitiesClassTitle>
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            <com:stateOrCountry>IL</com:stateOrCountry>
            <com:zipCode>60654</com:zipCode>
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        <securitiesClassTitle>Common Stock</securitiesClassTitle>
        <saleDate>07/14/2025</saleDate>
        <amountOfSecuritiesSold>14753</amountOfSecuritiesSold>
        <grossProceeds>967822.54</grossProceeds>
      </securitiesSoldInPast3Months>
      <noticeSignature>
        <noticeDate>07/15/2025</noticeDate>
        <planAdoptionDates>
          <planAdoptionDate>03/28/2024</planAdoptionDate>
        </planAdoptionDates>
        <signature>Debra Cafaro</signature>
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text: 144
  0001215188
  XXXXXXXX
  LIVE
  0000740260
  Ventas, Inc.
  001-10989
  300 N LASALLE STREET
  SUITE 1600
  CHICAGO
  IL
  60654
  3126603800
  CAFARO DEBRA A
  Officer
  Director
  Common Stock
  Merrill Lynch
  225 Liberty St
  Floor 37
  New York
  NY
  10281
  292
  19168.71
  451298340
  07/15/2025
  NYSE
  Common Stock
  07/15/2025
  Exercise of employee stock options
  Ventas, Inc.
  N
  292
  07/15/2025
  Broker assisted exercise of employee stock options
  N
  Debra Cafaro
  300 N LASALLE STREET
  SUITE 1600
  CHICAGO
  IL
  60654
  Common Stock
  05/01/2025
  9110
  601603.03
  Debra Cafaro
  300 N LASALLE STREET
  SUITE 1600
  CHICAGO
  IL
  60654
  Common Stock
  05/02/2025
  1212
  80531.99
  Debra Cafaro
  300 N LASALLE STREET
  SUITE 1600
  CHICAGO
  IL
  60654
  Common Stock
  07/14/2025
  14753
  967822.54
  07/15/2025
  03/28/2024
  Debra Cafaro