Hanks Stan 4

What Happened

• Stan Hanks, Chief Development Officer of Cottonwood Communities, was issued 1,251.428 common units ("CROP Units") of the Operating Partnership on 2026-05-20. The units were recorded at $11.36 each, with an aggregate value of approximately $14,218. This was an acquisition (transaction code A) — units were received as non‑market consideration, not an open‑market purchase.

Key Details

• Transaction date: 2026-05-20; Form 4 filed 2026-05-22 (timely).
• Amount: 1,251.428 CROP Units at $11.36 per unit; total ~$14,218.
• Post-transaction holdings: not stated in the provided filing.
• Footnote summary:
  • F1: CROP Units are common units of Cottonwood Residential O.P., LP; they may be redeemed for cash equal to NAV per share or converted (one-for-one at the Issuer’s election) into Class I common stock; units have no expiration.
  • F2: Units were issued as consideration for Hanks’s ownership interest in APT Cowork, LLC under a Membership Interest Purchase Agreement dated May 20, 2026 (effective April 1, 2026). The Operating Partnership acquired APT for $1.1M (inclusive of net working capital); the issuance used the most recently determined NAV per unit ($11.3615 as of Feb 28, 2026). The transaction was approved by the issuer’s conflicts committee per Rule 16b-3.

Context

• This is a derivative/unit issuance in exchange for business ownership (consideration for selling APT), not an open‑market buy or sale; such transactions reflect deal consideration or compensation rather than straightforward insider buying/selling. Derivative units can typically be converted or redeemed into common stock per the terms noted above.