AVALONBAY COMMUNITIES INC — Director's Dealing 2023

May 24, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVALONBAY COMMUNITIES INC (AVB)
CIK: 0000915912
Period of Report: 2023-05-22

Reporting Person: Birenbaum Matthew H. (Chief Investment Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-22	Common Stock, par value $.01 per share	S	4000	$176.0992	Disposed	62558.8281	Direct

Footnotes

F1: The transaction was executed in multiple trades at prices ranging from $176.02 to $176.15. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F2: The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted shares.