DENTON ROBERT L 4

What Happened
Robert L. Denton, a director of COPT Defense Properties (CDP), redeemed 500 common units of COPT Defense Properties, L.P. on 2026-05-13. Those common units are convertible into an equal number of the issuer’s common shares or, at the issuer’s election, cash; the issuer elected to pay cash based on the 10‑day average closing price of CDP on the NYSE. The Form 4 reports this as a conversion/derivative disposition and does not list a per-share price or total cash amount.

Key Details

• Transaction date: 2026-05-13; Form 4 filed: 2026-05-14.
• Security: 500 common units of COPT Defense Properties, L.P. (convertible into shares or cash).
• Reported transaction: conversion of derivative security (disposition); no share count or dollar amount of CDP common shares reported on the Form 4.
• Footnote F1: Issuer elected cash payment based on 10‑day average NYSE closing price. Footnote F2: Common units are convertible upon issuance.
• Filing timeliness: Filed one day after the transaction (not indicated as late).
• Shares owned after transaction: Not specified in the filing.

Context
This was a conversion/redemption of limited partnership units into cash (a disposition), not an open-market sale of common shares. Such conversions where the issuer elects to pay cash are often routine liquidity events for holders of convertible partnership units; the Form 4 does not provide the cash amount, so investors cannot assess the dollar value from this filing alone.