ACADIA REALTY TRUST — Director's Dealing 2026

Jan 6, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACADIA REALTY TRUST (AKR)
CIK: 0000899629
Period of Report: 2026-01-05

Reporting Person: Buell David (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-01-05	LTIP Units	$0	A	36684	Acquired		Common Shares of Beneficial Interest (36684)	Direct

Footnotes

F1: 1. Represents long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP"). The LTIPs are exchangeable on a 1:1 basis for common partnership units of ARLP ("Common Units") which in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or Common Units.

F2: This grant was awarded in connection with Mr. Buell joining the Company on January 5, 2026. These LTIP Units shall vest on January 6, 2031.