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SAUL CENTERS, INC. Director's Dealing 2025

May 21, 2025

32170_dirs_2025-05-21_a6a8b000-80bd-4648-bc4d-c9b6f2358930.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SAUL CENTERS, INC. (BFS)
CIK: 0000907254
Period of Report: 2025-05-17

Reporting Person: Friedlis Zachary Maxwell (Sr. VP-Director of Leasing)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2025-05-17 Common Stock F 96 $34.39 Disposed 4231.019 Direct
2025-05-17 Common Stock A 14 $34.39 Acquired 4245.019 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Series D Preferred Stock 3513.031 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Performance Shares $0 2029-05-17 Common Stock (1200) 1200 Direct
Performance Shares $0 2030-05-09 Common Stock (1500) 1500 Direct

Footnotes

F1: Shares acquired in an exempt transaction as dividend equivalents on filers restricted stock award, which vested on May 17, 2025.