Zachary Maxwell Friedlis - 17 May 2025 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Signature
/s/ Carlos L. Heard, by Power of Attorney
Issuer symbol
BFS
Transactions as of
17 May 2025
Net transactions value
-$2,820
Form type
4
Filing time
21 May 2025, 16:21:23 UTC
Previous filing
13 May 2025
Next filing
12 Mar 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Friedlis Zachary Maxwell Sr. VP-Director of Leasing 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA /s/ Carlos L. Heard, by Power of Attorney 21 May 2025 0002008933

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFS Common Stock Tax liability $3,301 -96 -2.2% $34.39 4,231 17 May 2025 Direct
transaction BFS Common Stock Award $481 +14 +0.33% $34.39 4,245 17 May 2025 Direct F1
holding BFS Series D Preferred Stock 3,513 17 May 2025 Direct

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
holding BFS Performance Shares 1,200 17 May 2025 Common Stock 1,200 $0.000000 Direct
holding BFS Performance Shares 1,500 17 May 2025 Common Stock 1,500 $0.000000 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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