THOMSEN JOEL S. 4

What Happened
Joel S. Thomsen, a trustee of Sterling Real Estate Trust, reported an acquisition of 2,746 shares via an open-market or private purchase on February 5, 2026. The shares were bought at $25.50 per share for a total reported value of $70,023. This was a buy (purchase) transaction — purchases are often viewed as a more informative signal than routine insider sales, though the filing itself does not state any motive.

Key Details

• Transaction date: 2026-02-05
• Transaction type/code: Purchase (P) — open market or private purchase
• Price per share: $25.50; Shares acquired: 2,746; Total value: $70,023
• Shares owned after transaction: Not specified in the provided filing excerpt
• Filing date: Form 4 filed 2026-02-09 (covers the Feb 5 transaction)
• Footnotes/plan disclosures: None noted in the provided details

Context

• "P" indicates a direct purchase of shares (not an option exercise or a grant).
• Trustees may trade for personal accounts; this report does not by itself indicate company-wide sentiment or changes to company fundamentals.
• No indication in the excerpt of a 10b5-1 plan, tax withholding, or immediate resale; those would be noted if present.