Carlson Michael Paul 4

What Happened

• Carlson Michael Paul, General Counsel & Secretary of Sterling Real Estate Trust, acquired two small equity positions on 2026-07-15: an open-market/private purchase of 98.039 shares at $25.50 each ($2,500) and an award/grant of 7.007 shares at $24.22 each ($170). Both transactions are acquisitions (codes P and A), indicating purchases/awards rather than sales.

Key Details

• Transaction dates: 2026-07-15 (both transactions)
• Open-market/private purchase: 98.039 shares @ $25.50 = $2,500 (reported)
• Grant/award: 7.007 shares @ $24.22 = $170 (reported)
• Total shares acquired that day: ~105.046 shares; total value: ~ $2,670
• Footnote: F1 — includes shares acquired on 7/15/26 under the dividend investment plan
• Filing: Reported on 2026-07-16 for transactions on 7/15/26 (filed next business day; not indicated as late)
• Shares owned after the transaction: not specified in the provided summary of the filing

Context

• These were purchases and an award (not sales). Small-dollar purchases and dividend reinvestments are common insider buying and can simply reflect routine compensation or DRIP activity rather than a significant directional bet. The grant/award likely reflects issuance (e.g., compensation or dividend reinvestment) rather than an exercised option.