Key facts
- This page summarizes Daniel Shaeffer's Form 4 filing for Cottonwood Communities, Inc..
- 1 reported transaction and 2 derivative rows are listed below.
- Accepted by SEC: 10 Jan 2023, 15:54.
Daniel Shaeffer - 06 Jan 2023 Form 4 Insider Report for Cottonwood Communities, Inc.
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- N/A
- Reported as of
- 06 Jan 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 10 Jan 2023, 15:54:39 UTC
- Prior SEC filing
- 29 Sep 2022
- Next SEC filing
- 11 Jan 2024
- 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 10 Jan 2023.
Change
- Previous filing in this sequence was filed on 29 Sep 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
LTIP Units
Award
- Transaction value
- Shares
- +19,976
- Change %
- +8%
- Price
- Shares after
- 270,746
- Date
- 06 Jan 2023
- Ownership
- Direct
- Underlying class
- Class I Common Stock, par value $0.01 per share
- Underlying amount
- 19,976
- Exercise price
- Footnotes
- F1, F2, F3
No ticker
holding
Derivative
LTIP Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 436,973
- Date
- 06 Jan 2023
- 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
- F2, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
The long-term incentive plan units ("LTIP Units") of Cottonwood Residential O.P., LP, a Delaware limited partnership ("Operating Partnership"), of which Cottonwood Communities, Inc., a Maryland corporation (the "Issuer"), is the sole member of the sole general partner, were granted to the reporting person on January 6, 2023 as equity incentive compensation. The LTIP Units vest annually in equal installments over a four-year period with the first 25% vesting on January 1, 2024, subject to continued service.
Footnote F2
Represents LTIP units granted to the reporting person as equity incentive compensation. Over time, the LTIP Units can achieve full parity with common units of limited partnership of the Operating Partnership ("CROP Units") for all purposes. If such parity is reached, non-forfeitable LTIP Units automatically convert into CROP Units. 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. LTIP Units do not have an expiration date.
Footnote F3
Reflects the aggregate number of LTIP Units currently held directly by the reporting person, and includes LTIP Units which automatically converted to CROP Units. See footnote 2 discussing the conversion of the LTIP Units.
Footnote F4
Represents LTIP Units granted to the reporting person as equity incentive compensation. The LTIP Units vested on May 7, 2021.
Footnote F5
Reflects the aggregate number of LTIP Units currently held indirectly by the reporting person, and includes LTIP Units which automatically converted to CROP Units. See footnote 2 discussing the conversion of the LTIP Units.