CENTERSPACE — Director's Dealing 2023

Jan 4, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTERSPACE (CSR)
CIK: 0000798359
Period of Report: 2023-01-01

Reporting Person: Olson Anne (COO, Gen Counsel and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-01-01	Common Shares of Beneficial Interest	M	540	—	Acquired	14633	Direct
2023-01-01	Common Shares of Beneficial Interest	M	373	—	Acquired	15006	Direct
2023-01-01	Common Shares of Beneficial Interest	F	450	$58.67	Disposed	14556	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-01-01	Restricted Stock Units	$0.0	A	3022	Acquired		Common Shares of Beneficial Interest (3022.0)	Direct
2023-01-01	Stock Options (Right to Buy)	$58.67	A	11294	Acquired	2033-01-01	Common Shares of Beneficial Interest (11294.0)	Direct
2023-01-01	Restricted Stock Units	$0.0	M	540	Disposed	2024-01-01	Common Shares of Beneficial Interest (540.0)	Direct
2023-01-01	Restricted Stock Units	$0.0	M	373	Disposed	2025-01-01	Common Shares of Beneficial Interest (373.0)	Direct

Footnotes

F1: Shares withheld for payment of taxes in connection with the vesting of restricted stock units.

F2: Represents a time-based contingent right to receive 3,022 common shares of beneficial interest of Centerspace vesting over three years in one-third increments on each anniversary of the grant date: January 1, 2024, 2025 and 2026.

F3: Represents the right to purchase 11,294 common shares of beneficial interest of Centerspace, vesting over four years in one-fourth increments on each anniversary of the grant date: January 1, 2024, 2025, 2026 and 2027.