Angela L. Kleiman - 20 Dec 2023 Form 4 Insider Report for ESSEX PROPERTY TRUST, INC. (ESS)

Role: President and CEO
Signature: /s/ John Farias, Attorney in Fact
Issuer symbol: ESS
Transactions as of: 20 Dec 2023
Net transactions value: $0
Form type: 4
Filing time: 21 Dec 2023, 19:02:18 UTC
Previous filing: 11 Dec 2023
Next filing: 09 Feb 2024
SEC: View on sec.gov

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	LTIP Units	Conversion of derivative security	$0	-3,500	-100%	$0.000000^*	0	20 Dec 2023	Operating Partnership Units	3,500		Direct	F1, F2
transaction	ESS	Operating Partnership Units	Conversion of derivative security		+3,500	+88%		7,500	20 Dec 2023	Common Stock	3,500		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents LTIP Units in Essex Portfolio, L.P.
F2	These LTIP units, which were granted on December 10, 2013, were converted into Essex Portfolio, L.P. ("EPLP") operating partnership units. The right to convert LTIP units into EPLP operating partnership units does not have an expiration date. EPLP operating partnership units are exchangeable by the Reporting Person at any time for an equal number of shares of the Issuer's common stock. EPLP operating partnership units have no expiration date.

Content

Represents LTIP Units in Essex Portfolio, L.P.

These LTIP units, which were granted on December 10, 2013, were converted into Essex Portfolio, L.P. ("EPLP") operating partnership units. The right to convert LTIP units into EPLP operating partnership units does not have an expiration date. EPLP operating partnership units are exchangeable by the Reporting Person at any time for an equal number of shares of the Issuer's common stock. EPLP operating partnership units have no expiration date.