BROWN RONALD 4

What Happened

• Ronald Brown, President and Director of New England Realty Associates (NEN), reported dispositions totaling 30.31 partnership units on 2026-06-30. The Partnership repurchased 28.79 Class B Units directly owned by Brown and 1.52 Units of General Partner interest indirectly beneficially owned by him. Each unit was recorded at $1,824.32, for aggregate proceeds of approximately $55,295. This was a company repurchase under the Partnership’s equity repurchase program — effectively a sale/repurchase, not an open‑market trade.

Key Details

• Transaction date: 2026-06-30; Form filed: 2026-07-01 (filed timely).
• Prices and amounts: 28.79 Class B Units @ $1,824.32 = $52,522; 1.52 GP Units @ $1,824.32 = $2,773; total ≈ $55,295.
• Shares/units owned after transaction: not specified in this filing.
• Footnotes of note:
  • F1: Dispositions occurred pursuant to the Partnership’s equity repurchase program; 28.79 Class B Units were repurchased (direct holdings) and 1.52 GP Units were repurchased from the general partner (indirect holdings).
  • F2: The GP-unit amount reflects Brown’s 75% interest in a closely held corporation that is the general partner (amounts reported represent his 75% share).
  • F3: The $1,824.32 unit price equals $60.81 per Depositary Receipt × 30 (each Depositary Receipt represents 1/30th of a Class A Unit) repurchased contemporaneously.
• Transaction code: reported as “J” (other acquisition or disposition), consistent with a company repurchase.

Context

• This filing documents a company-initiated repurchase of the insider’s partnership units rather than an open-market sale by the insider; such repurchases commonly provide liquidity and do not alone indicate the insider’s view of the company’s prospects.
• No late-filing flag appears; the Form 4 was filed the next day.