ACADIA REALTY TRUST — Director's Dealing 2023

Jun 1, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACADIA REALTY TRUST (AKR)
CIK: 0000899629
Period of Report: 2023-05-31

Reporting Person: NAPOLITANO JOSEPH (Sr. VP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-31	Common Shares of Beneficial Interest - $.001 Par Value	C	54040	$0.00	Acquired	54158	Direct
2023-05-31	Common Shares of Beneficial Interest - $.001 Par Value	S	54040	$12.92	Acquired	118	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-31	Limited Partnership Units	$0.00	C	54040	Disposed		Common Shares of Beneficial Interest (54040)	Direct

Footnotes

F1: These shares were sold in 10 separate sales transactions at a weighted average sales price of $12.92. The actual price at which these shares were sold range from $12.87 to $12.96 per share. Mr. Napolitano will provide, upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full, detailed information regarding the number of shares sold at each separate price.

F2: These LTIP Units in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Napolitano, which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of the Company. There is no expiration date for the conversion of LTIP Units or OP Units.