MANDELBAUM DAVID 4

What Happened David Mandelbaum, a member of Alexander's, Inc. Board of Directors and reported 10% owner, received a grant of 505 Deferred Stock Units (DSUs) on May 21, 2026. The DSUs entitle him to an equivalent number of common shares without payment. The award is reported as a derivative grant (code A); no purchase price or immediate cash value is reported and the underlying shares are not deliverable while he remains on the Board.

Key Details

• Transaction date: 2026-05-21 (reported on Form 4 filed 2026-05-22). Filing appears timely.
• Transaction type/code: Grant/Award (A) of 505 Deferred Stock Units.
• Price/Value: N/A (units issued without cash payment).
• Vesting/delivery: DSUs vest immediately (Footnote 1); actual shares are payable only after he is no longer serving as a director (Footnote 2).
• Shares owned after transaction: Not reported on the Form 4.
• Insider status: Reporting person listed as a 10% owner.

Context Deferred Stock Units are a form of compensation that create a future right to receive shares (or their cash value) rather than an immediate purchase or sale of stock. Because delivery of the underlying shares is deferred until board service ends, this grant does not increase tradable shares held today and should be viewed as a compensatory award rather than a direct market buy or sell.