Freedman Constance 4

What Happened
Constance Freedman, a director of Equity Lifestyle Properties, acquired 366 shares on 2026-04-01 at $53.06 per share for a total of $19,420. The transaction is recorded as an acquisition (code A) and represents shares purchased through the company's Employee Stock Purchase Plan.

Key Details

• Transaction date: 2026-04-01; filing date: 2026-04-02 (filed promptly).
• Price: $53.06 per share; Total value: $19,420.
• Shares acquired: 366.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnote: F1 — Represents shares acquired through ELS' Employee Stock Purchase Plan.
• Transaction type: A (award/acquisition) — an ESPP purchase, not a sale. No 10b5-1 or tax-withholding notes were indicated.

Context
This was an employee stock purchase plan acquisition (direct purchase through the company plan). Purchases by insiders can be more informative than sales, but single ESPP transactions are often routine and reflect participation in a pre-set company program rather than a discrete market-timing decision.