Darrell W. Crate - May 10, 2021 Form 4 Insider Report for Easterly Government Properties, Inc. (DEA)

Role: Chairman, Director
Signature: /s/ Alison M. Bernard, Attorney-in-fact for Darrell W. Crate
Stock symbol: DEA
Transactions as of: May 10, 2021
Transactions value $: -$42,500
Form type: 4
Date filed: 5/12/2021, 05:35 PM
Next filing: May 27, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DEA	Common Stock	Conversion of derivative security	$0	+2K	+55.54%	$0.00	5.6K	May 10, 2021	By Easterly Capital LLC	F1
transaction	DEA	Common Stock	Sale	-$42.5K	-2K	-35.71%	$21.25	3.6K	May 10, 2021	By Easterly Capital LLC	F2, F3
holding	DEA	Common Stock						7.43K	May 10, 2021	Direct

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	DEA	Common Units	Conversion of derivative security	$0	-2K	-0.3%	$0.00	670K	May 10, 2021	Common Stock	2K		By Easterly Capital LLC	F1, F4

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

Explanation of Responses:

Id	Content
F1	2,000 common units of limited partnership interest ("Common Units") in Easterly Government Properties LP (the "Partnership"), of which the Issuer is the sole general partner, were redeemed for an equal number of shares of the Issuer's common stock, par value $0.01 per share ("Common Stock").
F2	The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person through Easterly Capital LLC, an entity controlled by the Reporting Person, on March 12, 2021.
F3	Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $21.13 to $21.38 per share, inclusive. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F4	Each Common Unit may be presented for redemption, at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may elect to acquire each Common Unit so presented for one share of Common Stock. These redemption rights have no expiration date.