Vivmark Residential EVP Scott Fenster Receives Award

What Happened
Scott Fenster, EVP and General Counsel of Vivmark Residential (VMRK), was granted 24,019 restricted limited partnership interests ("RUs") on August 17, 2026. The award is reported at $0.00 per unit (a non‑cash compensation grant) and is recorded as a derivative transaction. The RUs can convert into OP Units and—subject to vesting and company rules—are exchangeable one-for-one for common shares (or for cash at the company's option).

Key Details

• Transaction date: August 17, 2026; Filing date: August 19, 2026.
• Transaction type/code: Award/Grant (A); 24,019 RUs granted at $0.00.
• Vesting: RUs are scheduled to vest on August 17, 2029.
• Derivative mechanics: RUs convert into OP Units when a specified capital account tax target is met (must occur within 10 years); OP Units are exchangeable one-for-one for common shares or for cash. The reported RUs include any OP Units already converted automatically.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Timeliness: Filed two days after the transaction date (generally within the Form 4 reporting window).

Context
This was a compensation award (not a purchase or sale). RUs are a form of partnership interest that may ultimately become company common shares if conversion and vesting conditions are satisfied. Such grants are common as long‑term incentive compensation and do not by themselves indicate insider buying or selling intent.