Adam W. Berry - 13 Dec 2021 Form 4 Insider Report for ESSEX PROPERTY TRUST, INC. (ESS)

Role: Executive Vice President & CIO
Signature: /s/ John Farias, Attorney in Fact
Issuer symbol: ESS
Transactions as of: 13 Dec 2021
Net transactions value: -$337,249
Form type: 4
Filing time: 14 Dec 2021, 15:32:16 UTC
Previous filing: 02 Dec 2021
Next filing: 24 Jan 2022
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	$804,544	+3,235	+113%	$248.70	6,098	13 Dec 2021	Direct	F1
transaction	ESS	Common Stock	Sale	$1,141,793	-3,235	-53%	$352.95	2,863	13 Dec 2021	Direct	F2

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	+3,235		$0.000000^*	0	13 Dec 2021	Common Stock	3,235	$248.70	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, $4.25 per share, was remitted to the issuer by the reporting person in addition to the exercise price of $248.70.
F2	Represents the weighted average sale price for the number of shares sold. The actual sales prices range from $352.84 and $353.13. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.