Key facts
- This page summarizes Daniel Shaeffer's Form 4 filing for Cottonwood Communities, Inc..
- 1 reported transaction and 4 derivative rows are listed below.
- Accepted by SEC: 29 Sep 2022, 14:09.
Daniel Shaeffer - 27 Sep 2022 Form 4 Insider Report for Cottonwood Communities, Inc.
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- N/A
- Reported as of
- 27 Sep 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 29 Sep 2022, 14:09:04 UTC
- Prior SEC filing
- 11 Jan 2022
- Next SEC filing
- 10 Jan 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Adam Larson, attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Daniel Shaeffer filed Form 4 for Cottonwood Communities, Inc. on 29 Sep 2022.
Change
- Previous filing in this sequence was filed on 11 Jan 2022.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
No ticker
transaction
Derivative
CROP Units
Award
- Transaction value
- Shares
- +142,713
- Change %
- +152%
- Price
- Shares after
- 236,676
- Date
- 27 Sep 2022
- Ownership
- By Cimarrona Capital, LLC
- Underlying class
- Class I Common Stock, par value $0.01 per share
- Underlying amount
- 142,713
- Exercise price
- Footnotes
- F1, F2
No ticker
holding
Derivative
CROP Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 3,481,505
- Date
- 27 Sep 2022
- Ownership
- By High Traverse Holdings, LLC
- Underlying class
- Class I Common Stock, par value $0.01 per share
- Underlying amount
- 3,481,505
- Exercise price
- Footnotes
- F1, F3
No ticker
holding
Derivative
CROP Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 436,973
- Date
- 27 Sep 2022
- Ownership
- By Cimarrona Legacy Utah Trust
- Underlying class
- Class I Common Stock, par value $0.01 per share
- Underlying amount
- 436,973
- Exercise price
- Footnotes
- F1, F4
No ticker
holding
Derivative
CROP Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 56,795
- Date
- 27 Sep 2022
- Ownership
- Direct
- Underlying class
- Class I Common Stock, par value $0.01 per share
- Underlying amount
- 56,795
- Exercise price
- Footnotes
- F1, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
Represents common units of limited partnership ("CROP Units") of Cottonwood Communities, Inc.'s (the "Issuer") operating partnership, Cottonwood Residential O.P., LP (the "Operating Partnership" or "CROP"), a Delaware limited partnership. CROP Units may be redeemed for cash equal to the net asset value ("NAV") per share, determined pursuant to valuation procedures adopted by the Issuer's board of directors, of the Issuer's Class I common stock or, at the Issuer's election, for shares of the Issuer's Class I common stock on a one-for-one basis. The CROP Units are vested as of the date of issuance and have no expiration date.
Footnote F2
Reflects the acquisition of CROP Units in connection with the mergers of Cottonwood Multifamily Opportunity Fund, Inc. ("CMOF") with and into Cottonwood Communities GP Subsidiary, LLC ("Merger Sub") (the "Company Merger"), a subsidiary of the Issuer, and of Cottonwood Multifamily Opportunity Fund O.P., LP ("CMOF OP"), CMOF's operating partnership, with and into CROP (the "CMOF OP Merger"). In connection with the CMOF OP Merger, each CMOF OP Limited Partnership Unit was converted into 0.8669 CROP Units.
Footnote F3
The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
Footnote F4
Reflects CROP Units which were converted from long term incentive plan units ("LTIP Units") of the Operating Partnership. The LTIP Units were originally granted to the reporting person as equity incentive compensation. Over time, LTIP Units can achieve full parity with CROP Units for all purposes. If such parity is reached, non-forfeitable LTIP Units automatically convert into CROP Units.