David Buell - 05 Jan 2026 Form 4 Insider Report for ACADIA REALTY TRUST (AKR)

Role: SVP, Chief Accounting Officer.
Signature: /s/ David Buell
Issuer symbol: AKR
Transactions as of: 05 Jan 2026
Net transactions value: $0
Form type: 4
Filing time: 06 Jan 2026, 16:18:00 UTC
Previous filing: 05 Mar 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Buell David	SVP, Chief Accounting Officer.	411 THEODORE FREMD AVE, SUITE 300, RYE	/s/ David Buell	06 Jan 2026	0001724339

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	AKR	LTIP Units	Award	$0	+36,684		$0.000000	36,684	05 Jan 2026	Common Shares of Beneficial Interest	36,684	$0.000000	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	1. Represents long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP"). The LTIPs are exchangeable on a 1:1 basis for common partnership units of ARLP ("Common Units") which in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or Common Units.
F2	This grant was awarded in connection with Mr. Buell joining the Company on January 5, 2026. These LTIP Units shall vest on January 6, 2031.