COPT DEFENSE PROPERTIES — Director's Dealing 2025

Mar 10, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COPT DEFENSE PROPERTIES (CDP)
CIK: 0000860546
Period of Report: 2025-03-07

Reporting Person: DENTON ROBERT L (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-03-07	Common Units-CDPLP	$26.886	C	4000	Disposed		Common Shares (4000)	Direct

Footnotes

F1: The reporting person redeemed 4,000 common units of limited partnership interest ("Common Units") of COPT Defense Properties, L.P., of which the issuer is the general partner. Common Units are convertible into an equal number of the issuer's common shares of beneficial interest or, at the election of the issuer, cash equal to the fair market value of such shares. In the case of these 4,000 Common Units, the issuer elected to pay cash upon the conversion of the reporting person's Common Units, based on the 10-day average closing price of the issuer's common shares on the New York Stock Exchange. Common Units have no expiration date.

F2: Common Units are convertible upon issuance.