Livingston Reginald 4

4 · ACADIA REALTY TRUST · Filed Jun 13, 2025

Form 4

Period: 2025-06-11

EVP and CIO

Transactions

Sale
Common Shares of Beneficial Interest
2025-06-11$20.03/sh−20,000$400,600→ 0 total
Conversion
LTIP Units
2025-06-11−15,678→ 78,770 total
Exercise: $0.00→ Common Shares of Beneficial Interest (15,678 underlying)
Conversion
Common Shares of Beneficial Interest
2025-06-11+15,678→ 20,000 total

Footnotes (3)

[F1]These shares were sold in several separate sales transactions at a weighted average price of $20.03. The actual price at which these shares were sold range from $20.00 to $20.12 per share. Mr. Livingston will provide, upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full, detailed information regarding the number of shares sold at each separate price.
[F2]Represents long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP"). The LTIPs are exchangeable on a 1:1 basis for common partnership units of ARLP ("Common Units") which in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or Common Units.
[F3]These LTIP Units in ARLP represent a portion of the LTIPs that were previously granted to Mr. Livingston, which vested in accordance with the terms of each grant.

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