Verrone Roberto Angelo 4

4 · Clipper Realty Inc. · Filed Feb 26, 2026

AI-generated summary of this filing

Updated Feb 26, 2026

Clipper Realty (CLPR) Director Roberto Verrone Receives 7,961 LTIP Units

What Happened

Roberto Angelo Verrone, a director of Clipper Realty Inc. (CLPR), received a grant of 7,961 long-term incentive plan units (LTIP Units) on 2026-02-26. The units were issued at $0.00 (reported as an award/derivative transaction, code A).
The LTIP Units are a derivative interest in Clipper Realty L.P. that are convertible, upon vesting, into OP Units that can be redeemed for cash equal to the price of a CLPR share or, at the company's election, converted into one share of CLPR common stock. The grant itself had no cash purchase price.

Key Details

Transaction date: 2026-02-26; Report filed: 2026-02-26 (appears timely).
Award: 7,961 LTIP Units; reported acquisition price: $0.00.
Shares owned after transaction: Not disclosed in the provided filing details.
Footnotes:
- F1: LTIP Units convert to OP Units upon vesting; OP Units are redeemable for cash equal to a CLPR share price or one share of common stock at the company's election.
- F2: Vesting schedule — 25% on each of March 31, 2026; June 30, 2026; September 30, 2026; and December 31, 2026. Conversion and redemption rights have no expiration date.
No indication of a 10b5-1 plan, tax withholding, or late filing in the supplied data.

Context

This was an equity award (not a purchase or sale). Awards are typically part of compensation or retention programs and do not by themselves indicate insider buying or selling sentiment.
Because these are derivative LTIP Units, value to the holder depends on future conversion/redeemability and the company’s stock price at those times. The staged vesting means the holder gains economic exposure gradually through 2026.

Form 4

Period: 2026-02-26

Director

Transactions

Award
Long Term Incentive Plan Units
[F1][F2]
2026-02-26+7,961→ 18,981 total
→ Common Stock (7,961 underlying)

Footnotes (2)

[F1]Represents long term incentive plan units ("LTIP Units"), a class of units of Clipper Realty L.P. (the "Operating Partnership"), a direct subsidiary of Clipper Realty Inc. (the "Company"). The LTIP Units are convertible by the reporting person, upon the vesting date, into an equivalent number of units of limited partnership units ("OP Units") of the Operating Partnership. Each OP Unit is redeemable at the request of the holder for cash in an amount equal to the price of a share of common stock of the Company or, at the election of the Company, one share of its common stock.
[F2]The LTIP Units will vest 25% on each of March 31, 2026, June 30, 2026, September 30, 2026 and December 31, 2026. The rights to convert LTIP Units into OP Units and redeem OP Units do not have expiration dates.

Signature

/s/ Roberto Verrone|2026-02-26

1 file