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

Role: Executive Vice President & CIO
Signature: /s/ John Farias, Attorney in Fact
Stock symbol: ESS
Transactions as of: Dec 13, 2021
Transactions value $: -$337,249
Form type: 4
Date filed: 12/14/2021, 03:32 PM
Previous filing: Dec 2, 2021
Next filing: Jan 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ESS	Common Stock	Options Exercise	$805K	+3.24K	+112.99%	$248.70	6.1K	Dec 13, 2021	Direct	F1
transaction	ESS	Common Stock	Sale	-$1.14M	-3.24K	-53.05%	$352.95	2.86K	Dec 13, 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	+3.24K		$0.00^*	0	Dec 13, 2021	Common Stock	3.24K	$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.