Angela L. Kleiman - 27 Oct 2021 Form 4 Insider Report for ESSEX PROPERTY TRUST, INC. (ESS)

Role: Sr. EVP & COO
Signature: /s/ John Farias, Attorney in Fact
Issuer symbol: ESS
Transactions as of: 27 Oct 2021
Net transactions value: -$1,745,495
Form type: 4
Filing time: 28 Oct 2021, 19:50:28 UTC
Next filing: 02 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ESS	Common Stock	Options Exercise	$4,150,282	+17,249	+242%	$240.61	24,366	27 Oct 2021	Direct	F1
transaction	ESS	Common Stock	Sale	$4,130,400	-12,097	-50%	$341.44	12,269	27 Oct 2021	Direct	F2
transaction	ESS	Common Stock	Sale	$1,103,776	-3,226	-26%	$342.15	9,043	27 Oct 2021	Direct	F3
transaction	ESS	Common Stock	Sale	$385,200	-1,123	-12%	$343.01	7,920	27 Oct 2021	Direct	F4
transaction	ESS	Common Stock	Sale	$276,401	-803	-10%	$344.21	7,117	27 Oct 2021	Direct	F5

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	ESS	Stock Option (Right to Purchase)	Options Exercise	$0	-17,249	-100%	$0.000000^*	0	27 Oct 2021	Common Stock	17,249	$240.61	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Under the terms of the stock options, the maximum value that the reporting person could receive is $100 per share. Accordingly, the value in excess of such amount, $1.19 per share, was remitted to the issuer by the reporting person in addition to the exercise price of $240.61.
F2	Represents the weighted average sale price for the number of shares sold. The actual sales prices range between $340.60 and $341.50. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.
F3	Represents the weighted average sale price for the number of shares sold. The actual sales prices range between $341.66 and $342.65. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.
F4	Represents the weighted average sale price for the number of shares sold. The actual sale prices range between $342.68 and $343.59. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.
F5	Represents the weighted average sale price for the number of shares sold. The actual sales prices range between $343.77 and $344.91. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.