Bhairav Patel - 26 Dec 2025 Form 4 Insider Report for CENTERSPACE (CSR)

Role
EVP and CFO
Signature
Anne Olson, Attorney in Fact for Bhairav Patel
Issuer symbol
CSR
Transactions as of
26 Dec 2025
Net transactions value
-$261,783
Form type
4
Filing time
30 Dec 2025, 12:13:25 UTC
Previous filing
11 Aug 2025
Next filing
05 Jan 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Patel Bhairav EVP and CFO C/O CENTERSPACE, 1324 20TH AVENUE SW, MINOT Anne Olson, Attorney in Fact for Bhairav Patel 30 Dec 2025 0001670979

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSR Common Shares of Beneficial Interest Options Exercise $0 +595 +16% $0.000000 4,328 26 Dec 2025 Direct F1
transaction CSR Common Shares of Beneficial Interest Options Exercise $0 +1,175 +27% $0.000000 5,503 26 Dec 2025 Direct F1
transaction CSR Common Shares of Beneficial Interest Options Exercise $0 +1,018 +18% $0.000000 6,521 26 Dec 2025 Direct F1
transaction CSR Common Shares of Beneficial Interest Award $0 +4,824 +74% $0.000000 11,345 26 Dec 2025 Direct F2
transaction CSR Common Shares of Beneficial Interest Tax liability $95,909 -1,427 -13% $67.21 9,918 26 Dec 2025 Direct F3
transaction CSR Common Shares of Beneficial Interest Tax liability $165,874 -2,468 -25% $67.21 7,450 26 Dec 2025 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CSR Restricted Stock Units Options Exercise $0 -595 -100% $0.000000 0 26 Dec 2025 Common Shares of Beneficial Interest 595 $0.000000 Direct F1
transaction CSR Restricted Stock Units Options Exercise $0 -1,175 -50% $0.000000 1,175 26 Dec 2025 Common Shares of Beneficial Interest 1,175 $0.000000 Direct F1
transaction CSR Restricted Stock Units Options Exercise $0 -1,018 -33% $0.000000 2,038 26 Dec 2025 Common Shares of Beneficial Interest 1,018 $0.000000 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.