Strawberry Fields (STRW) Director Ted Lerman Acquires 125,000 Shares

What Happened
Ted Lerman, a director of Strawberry Fields REIT, converted a derivative security into 125,000 common shares on 2026-06-30. The Form 4 reports the shares were acquired at $0.00 per share (conversion), so the filing lists $0 total cash paid. This was an acquisition via conversion rather than an open-market purchase.

Key Details

• Transaction date: 2026-06-30
• Transaction type/code: Conversion of a derivative security (Code C) — 125,000 shares acquired at $0.00 per share
• Reported cash value on Form 4: $0
• Shares owned after the transaction: not specified in the provided summary (see the full Form 4 for total holdings)
• Filing date: 2026-07-24 — filing appears late relative to the typical 2-business-day Form 4 deadline (timeliness flagged as L)
• No 10b5-1 plan, tax-withholding, or other footnotes were provided in the summary data

Context
A conversion (Code C) means an existing derivative instrument (for example, convertible securities or warrants) was converted into common stock; the $0.00 per-share price indicates no additional cash was paid at conversion. Conversions increase the insider's share count but may also dilute existing shareholders; check the full filing for the nature of the derivative converted and the insider’s post-transaction holdings. The late filing reduces timely visibility for investors — review the original Form 4 for complete details.