Bistricer Jacob 4

What Happened

• Jacob Bistricer, Chief Operating Officer of Clipper Realty Inc. (CLPR), was granted 76,637 long‑term incentive plan units (LTIP Units) on 2026-02-24. The units were granted at $0.00 (an award/derivative grant), so there was no cash paid by the insider.

Key Details

• Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (filed within the common 2-business‑day window).
• Transaction type/code: Award/Grant (coded "A"); 76,637 LTIP Units granted at $0.00.
• Shares/units owned after transaction: Not specified in this filing.
• Footnotes of note:
  • F1: LTIP Units are a class of units of Clipper Realty L.P. that are convertible, upon vesting, into an equivalent number of Operating Partnership units ("OP Units"). Each OP Unit is redeemable for cash equal to the price of a share of the Company’s common stock or, at the Company's election, one share of common stock.
  • F2: The LTIP Units vest in full on January 1, 2029. The rights to convert LTIP Units into OP Units and to redeem OP Units have no expiration dates.

Context

• This was a compensation award (derivative grant), not an open‑market purchase or sale. Such grants are common for executive compensation and do not by themselves indicate immediate buying or selling pressure. Upon vesting (Jan 1, 2029), the LTIP Units can be converted/redeemed into OP Units or shares per the terms noted above.