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CENTERSPACE — Director's Dealing 2025
Dec 30, 2025
32208_dirs_2025-12-30_c29b549e-bc59-451e-9359-dc33123d8039.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CENTERSPACE (CSR)
CIK: 0000798359
Period of Report: 2025-12-26
Reporting Person: Patel Bhairav (EVP and CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-12-26 | Common Shares of Beneficial Interest | M | 595 | — | Acquired | 4328 | Direct |
| 2025-12-26 | Common Shares of Beneficial Interest | M | 1175 | — | Acquired | 5503 | Direct |
| 2025-12-26 | Common Shares of Beneficial Interest | M | 1018 | — | Acquired | 6521 | Direct |
| 2025-12-26 | Common Shares of Beneficial Interest | A | 4824 | — | Acquired | 11345 | Direct |
| 2025-12-26 | Common Shares of Beneficial Interest | F | 1427 | $67.21 | Disposed | 9918 | Direct |
| 2025-12-26 | Common Shares of Beneficial Interest | F | 2468 | $67.21 | Disposed | 7450 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-12-26 | Restricted Stock Units | $0 | M | 595 | Disposed | 2026-01-01 | Common Shares of Beneficial Interest (595) | Direct |
| 2025-12-26 | Restricted Stock Units | $0 | M | 1175 | Disposed | 2027-01-01 | Common Shares of Beneficial Interest (1175) | Direct |
| 2025-12-26 | Restricted Stock Units | $0 | M | 1018 | Disposed | 2028-01-01 | Common Shares of Beneficial Interest (1018) | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one common share of beneficial interest of Centerspace. The restricted stock units were scheduled to vest on January 1, 2026, which vesting was accelerated to December 26, 2025.
F2: On January 1, 2023, the reporting person was granted a performance share award based on the Company's total shareholder return ("TSR") compared to the FTSE Nareit Equity Index (the "REIT Index") for the measurement period of January 1, 2023 through December 31, 2025. 90% of the performance share award scheduled to vest on December 31, 2025 was accelerated and issued on December 26, 2025, based on estimated achievement as of December 19, 2025. For the measurement period, the Company's estimated TSR was at the 70th percentile of the Index, resulting in a payout at 180.4% of target, or 4,824 shares, being issued under the performance share award.
F3: Shares withheld for payment of taxes in connection with the vesting of restricted stock units.
F4: Shares withheld for payment of taxes in connection with the vesting of performance share award.