Brown Jameson Pruitt 4

4 · NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP · Filed Jul 1, 2026

AI-generated summary of this filing

Updated Jul 1, 2026

New England Realty (NEN) 10% Owner Jameson Pruitt Sells Units

What Happened

Jameson Pruitt, a 10% owner of New England Realty Associates LP (NEN), disposed of a total of 88.67 partnership units on June 30, 2026, in transactions reported on a Form 4 filed July 1, 2026. The disposals consisted of 86.40 Class B limited partnership units ($1,824.32 each, $157,621 total) and 2.27 units of General Partner interest ($1,824.32 each, $4,141 total), for combined proceeds of about $161,762.
These were dispositions (sales back to the partnership) executed under the Partnership’s equity repurchase program — not open-market sales. This is a routine liquidity event rather than an exercise, gift, or open-market trade.

Key Details

Transaction date: 2026-06-30; Form 4 filed: 2026-07-01 (timely).
Price reported: $1,824.32 per unit; total value ≈ $161,762.
Units disposed: 86.40 Class B Units + 2.27 General Partner Interest units = 88.67 units.
Shares/units owned after the transaction: Not specified in the supplied filing excerpt.
Notable footnotes:
- The repurchases were made pursuant to the Partnership’s equity repurchase program (Board-authorized).
- The 2.27 General Partner units were indirectly beneficially owned by the reporting person.
- Amounts reported reflect the reporting person’s 37.5% interest in the close‑held corporation that is the general partner (per footnote).
- The $1,824.32 per-unit figure equals $60.81 per Depositary Receipt (each DR = 1/30 of a Class A Unit), per the filing.
Filing timeliness: Filed one day after the transactions — consistent with standard Form 4 timing rules.

Context

These were company repurchases of partnership interests (insider sold units back to the partnership), which typically reflect shareholder liquidity or corporate buyback activity rather than a directional bet by the insider on the public market.
As a 10% owner (and holder of an indirect 37.5% interest in the general partner), Pruitt is a significant holder; such transactions are often structured and tied to repurchase programs and estate/ownership arrangements rather than routine executive trading.

Form 4

Period: 2026-06-30

DirectorTREASURER10% Owner

Transactions

Other
NEN Units of General Partner Interest
[F1][F2][F3]
2026-06-30$1824.32/sh−2.27$4,141→ 433.6 total(indirect: By Close-Held Corporation)
Other
NEN Class B Units of Limited Partnership Interest
[F1][F3]
2026-06-30$1824.32/sh−86.4$157,621→ 16,476.5 total(indirect: By LLC)

Footnotes (3)

[F1]Pursuant to the Partnership's equity repurchase program, as renewed and reauthorized by the Board of Directors of the General Partner on March 9, 2020 and as further described in the Partnership's Report on Form 10-K filed with the Securities and Exchange Commission on March 12, 2020, the Partnership repurchased 86.4 Class B Units of Limited Partnership Interest directly beneficially owned by the reporting person and 2.27 Units of General Partner Interest from the general partner of the Partnership that are indirectly beneficially owned by the reporting person.
[F2]Amounts reported represent 37.5% of the securities owned by the close-held corporation (which corporation is the general partner of the Partnership) based upon the reporting person's 37.5% equity interest in the corporation. The reporting person's interest is 37.5% after the disposition of the estate of Harold Brown on January 2, 2024.
[F3]The purchase price of the Units of General Partner Interest was equal to the $60.81 purchase price of the Depositary Receipts (each of which represents one-thirtieth of a Class A Unit of the Partnership) contemporaneously repurchased by the Partnership pursuant to its equity repurchase program.

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