Vivmark (VMRK) EVP Matthew Birenbaum Receives 108,989 Awards

What Happened

• Matthew H. Birenbaum, Executive Vice President & Chief Development Officer of Vivmark Residential (VMRK), received a package of equity awards on August 17, 2026 totaling 108,989 restricted shares and/or restricted units (RUs).
• Awards reported: 35,946 @ $0.00; 13,208 @ $0.50 (total $6,604); 13,292 @ $0.00; 15,018 @ $0.00; and 31,525 @ $0.00. Most were granted at no cash cost; one tranche reflects a $0.50-per-unit acquisition. These were awards/conversions (code A), not open-market purchases or sales.

Key Details

• Transaction date: August 17, 2026. Form 4 filed August 19, 2026 (timely filing).
• Total units/shares received: 108,989. Cash paid reported: $6,604 (for 13,208 units at $0.50).
• These awards arose from the merger with AvalonBay (per Merger Agreement): certain AVB performance awards were converted into VMRK restricted shares and/or restricted units in the OP. A conversion multiplier (2.793) was used in converting prior AVB awards to VMRK equivalents.
• Vesting and restrictions vary by tranche: some RUs vest March 1, 2027 (and carry a holding restriction until Aug 17, 2028), others vest March 1, 2029, and some on Aug 17, 2029. See filing footnotes for exact mapping.
• Shares owned after the transaction are not specified in this filing.
• Transaction type: Award/Grant (A). Not a sale (no bearish signal) nor an open-market purchase (not a direct bullish purchase signal).

Context

• RUs are partnership interests that can convert into OP Units and generally are exchangeable one-for-one for VMRK common shares (or cash at VMRK’s option) once tax/capital-account thresholds and vesting conditions are met.
• These awards reflect merger-related conversion of prior AVB performance awards into VMRK equity and scheduled vesting — they are compensation/transactional in nature rather than a straightforward insider buy or sell.