| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SKT | Common Stock | Sale | -$275K | -10.8K | -1.02% | $25.50 | 1.05M | Dec 1, 2023 | Direct | F1, F2 |
| transaction | SKT | Common Stock | Sale | -$3.94M | -150K | -14.26% | $26.25 | 902K | Dec 4, 2023 | Direct | F1, F2, F3 |
| holding | SKT | Common Stock | 5K | Dec 1, 2023 | By wife |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan that was adopted on August 21, 2023. Sales reported in this Form 4 concludes the above referenced trading plan for the Reporting Person. |
| F2 | Number of shares of common stock beneficially owned following reported transactions does not include 2,879,797 Limited Partnership Units that are exchangeable into shares of Tanger Inc. held by Tango 7 LLC and considered indirectly beneficially owned by the Reporting Person. |
| F3 | Represents the weighted average sales price of multiple transactions ranging from $26.00 to $26.50. |