Matthew H. Birenbaum - May 22, 2023 Form 4 Insider Report for AVALONBAY COMMUNITIES INC (AVB)

Role: Chief Investment Officer
Signature: By Edward M. Schulman under Power of Attorney dated as of October 14, 2011
Stock symbol: AVB
Transactions as of: May 22, 2023
Transactions value $: -$704,397
Form type: 4
Date filed: 5/24/2023, 11:15 AM
Previous filing: Mar 3, 2023
Next filing: Aug 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AVB	Common Stock, par value $.01 per share	Sale	-$704K	-4K	-6.01%	$176.10	62.6K	May 22, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The transaction was executed in multiple trades at prices ranging from $176.02 to $176.15. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2	The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted shares.