Verrone Roberto Angelo 4

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.