John Gottfried - Nov 14, 2023 Form 4 Insider Report for ACADIA REALTY TRUST (AKR)

Role: Executive VP and CFO
Signature: /s/ John Gottfried
Stock symbol: AKR
Transactions as of: Nov 14, 2023
Transactions value $: -$188,000
Form type: 4
Date filed: 11/16/2023, 04:17 PM
Previous filing: Feb 22, 2023
Next filing: Jan 22, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AKR	Common Shares of Beneficial Interest - $.001 Par Value	Conversion of derivative security	$0	+12.5K	+164.47%	$0.00	20.1K	Nov 14, 2023	Direct
transaction	AKR	Common Shares of Beneficial Interest - $.001 Par Value	Sale	-$188K	-12.5K	-62.19%	$15.04	7.6K	Nov 14, 2023	Direct	F1

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	Limited Partnership Units	Conversion of derivative security	$0	-12.5K	-5.21%	$0.00	227K	Nov 14, 2023	Common Shares of Beneficial Interest	12.5K	$0.00	Direct	F2

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

Explanation of Responses:

Id	Content
F1	These shares were sold in 3 separate sales transactions at a weighted average sales price of $15.0423. The actual price at which these shares were sold range from $15.04 to $15.06 per share. Mr. Gottfried will provide, upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full, detailed information regarding the number of shares sold at each separate price.
F2	These LTIP Units in ARLP represent a portion of the LTIPs that were previously granted to Mr. Gottfried, which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP 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 OP Units.

Content

These shares were sold in 3 separate sales transactions at a weighted average sales price of $15.0423. The actual price at which these shares were sold range from $15.04 to $15.06 per share. Mr. Gottfried will provide, upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full, detailed information regarding the number of shares sold at each separate price.

These LTIP Units in ARLP represent a portion of the LTIPs that were previously granted to Mr. Gottfried, which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP 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 OP Units.