EQUITY RESIDENTIAL — Director's Dealing 2023

May 5, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EQUITY RESIDENTIAL (EQR)
CIK: 0000906107
Period of Report: 2023-05-04

Reporting Person: SHAPIRO MARK S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-04	Common Shares Of Beneficial Interest	M	6704	$48.10	Acquired	19201	Direct
2023-05-04	Common Shares Of Beneficial Interest	S	6704	$61.72	Disposed	12497	Direct
2023-05-04	Common Shares Of Beneficial Interest	M	6481	$52.20	Acquired	18978	Direct
2023-05-04	Common Shares Of Beneficial Interest	S	6481	$61.87	Disposed	12497	Direct
2023-05-04	Common Shares Of Beneficial Interest	M	29250	$58.40	Acquired	41747	Direct
2023-05-04	Common Shares Of Beneficial Interest	S	29250	$61.96	Disposed	12497	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-04	Non-qualified Stock Option (Right to Buy)	$48.10	M	6704	Disposed	2023-06-13	Common Shares Of Beneficial Interest (6704)	Direct
2023-05-04	Non-qualified Stock Option (Right to Buy)	$52.20	M	6481	Disposed	2024-06-12	Common Shares Of Beneficial Interest (6481)	Direct
2023-05-04	Non-qualified Stock Option (Right to Buy)	$58.40	M	29250	Disposed	2030-06-25	Common Shares Of Beneficial Interest (29250)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares Of Beneficial Interest	4701	Indirect

Footnotes

F1: Direct total includes restricted shares of Equity Residential scheduled to vest in the future.

F2: The price represents the weighted average price of the shares sold. The shares were sold within a range of $61.54 to $61.84. The reporting person will provide, upon request by the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price.

F3: The price represents the weighted average price of the shares sold. The shares were sold within a range of $61.85 to $61.88. The reporting person will provide, upon request by the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price.

F4: The price represents the weighted average price of the shares sold. The shares were sold within a range of $61.70 to $62.17. The reporting person will provide, upon request by the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price.

F5: Represents shares owned by Principal Trust Company, as Trustee of the Equity Residential Supplemental Executive Retirement Plan (the "SERP"), for the benefit of the reporting person.