Carlson Michael Paul 4

What Happened
Michael Paul Carlson, General Counsel & Secretary of Sterling Real Estate Trust, acquired 5.642 shares on April 15, 2026. The shares were acquired at an effective price of $24.22 per share for a total value of approximately $137. This was an award/acquisition under the company’s dividend reinvestment plan (a routine, automatic purchase), not an open-market trade.

Key Details

• Transaction date and price: 2026-04-15 — 5.642 shares @ $24.22 each (total ≈ $137).
• Acquisition type: Code A — award/grant or other acquisition via dividend reinvestment (see footnote).
• Footnote: Includes shares acquired on 4/15/26 under the dividend investment plan.
• Shares owned after transaction: Not reported in the provided filing summary.
• Filing timeliness: Reported on 2026-04-17 for a 4/15 transaction (filed within the typical two-business-day Form 4 window).

Context
This appears to be an automatic dividend reinvestment purchase, a common and typically routine insider acquisition that simply converts dividend payments into additional company shares (including fractional shares). Because the dollar value is small (~$137), it’s generally not considered a material indicator of insider sentiment by itself.