Vivmark Residential (VMRK) Director Conor C. Flynn Receives Award

What Happened

• Conor C. Flynn, a director of Vivmark Residential (VMRK), was granted 2,710 Series 2026I restricted limited partnership interests ("RUs") on August 17, 2026. The reported grant value is $0.50 per unit, totaling $1,355. The transaction is reported as an award/derivative acquisition (Form 4 code A).

Key Details

• Transaction date: August 17, 2026; Filing date: August 19, 2026 (timely).
• Security received: 2,710 RUs at $0.50 each; total reported value $1,355.
• Shares/units owned after transaction: not specified in the filing.
• Vesting/holding: RUs scheduled to vest on August 17, 2027 and are subject to a holding restriction until August 17, 2028 (per footnotes).
• Derivative nature: RUs convert to OP Units when a tax-related capital account target is met (within 10 years). OP Units may be exchanged 1-for-1 for common shares or cash at the company's option. The reported RUs include any OP Units into which they automatically convert.
• Grant purpose: Award is for prospective service from August 17, 2026 through the 2027 Annual Meeting of Shareholders (footnote).

Context

• This is a compensation grant (award), not an open-market purchase or sale; such awards are routine long-term incentive grants and do not, by themselves, indicate a near-term insider trade. The derivative structure means value realization depends on conversion, vesting, and any company election to settle in shares or cash.