LEWIS CLUNET R 4

What Happened

• Lewis Clunet R, a director of Sun Communities, sold a total of 7,000 common shares in open-market transactions on February 27, 2026. He disposed of 2,000 shares at $136.13 each (proceeds $272,260) and 5,000 shares at a VWAP of $136.66 each (proceeds $683,300), for combined proceeds of approximately $955,560. These were sales (S), not purchases.

Key Details

• Transaction date: 2026-02-27; Form 4 filed: 2026-03-03 (timely filing)
• Sales: 2,000 shares @ $136.13; 5,000 shares @ $136.66 (VWAP)
• Total proceeds: ~$955,560
• Footnote: The 5,000-share sale price is a volume-weighted average; individual trade prices ranged from $136.60 to $136.77. The reporting person disclaims beneficial ownership of the sold shares (per footnote).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.

Context

• These were open-market sales by a company director. Sales are often routine (diversification, liquidity, tax needs) and do not necessarily indicate a change in insider sentiment. No options exercises, gifts, or 10b5-1 plan were disclosed in the provided details.