Green Emily Nagle 4

What Happened

• Emily Nagle Green, a director of Centerspace (CSR), converted/exercised 1,446 restricted stock units (derivative securities) into 1,446 common shares on 2026-06-01. The transaction was recorded with a $0.00 exercise price, meaning no cash was paid as part of the conversion. The filing shows the derivative was both "acquired" (conversion to shares) and "disposed" as a derivative, reflecting settlement of the RSUs into underlying common shares rather than an open-market sale.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-02.
• Action: Exercise/conversion of derivative (code M); 1,446 shares acquired at $0.00; 1,446 derivative shares disposed at $0.00 (settlement of RSUs).
• Shares owned after transaction: the filing does not state a total post-transaction balance; footnote F2 says the reported total includes 16 shares acquired via the company’s dividend reinvestment program.
• Notable footnotes: F1 clarifies each restricted stock unit (RSU) is a contingent right to one common share; F2 notes 16 shares from DRIP are included in the total holding.
• Timeliness: Filing appears timely (reporting period 2026-06-01; Form filed 2026-06-02).

Context

• This was a conversion/settlement of RSUs into shares (common for vested awards). The "disposed" derivative entry reflects that the derivative instrument (the RSU) ceased to exist because it converted into underlying shares — it does not indicate an open-market sale of the shares. No cash purchase or proceeds from a sale were reported.