Joseph Napolitano - Mar 4, 2024 Form 4 Insider Report for ACADIA REALTY TRUST (AKR)

Role: Sr. VP
Signature: /s/ Joseph Napolitano
Stock symbol: AKR
Transactions as of: Mar 4, 2024
Transactions value $: -$830,609
Form type: 4
Date filed: 3/5/2024, 05:18 PM
Previous filing: Feb 21, 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	+49.5K	+41970.34%	$0.00	49.6K	Mar 4, 2024	Direct
transaction	AKR	Common Shares of Beneficial Interest - $.001 Par Value	Sale	-$831K	-49.5K	-99.76%	$16.77	118	Mar 4, 2024	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	-49.5K	-21.66%	$0.00	179K	Mar 4, 2024	Common Shares of Beneficial Interest	49.5K	$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 2 separate sales transactions at a weighted average sales price of $16.7715. The actual price at which these shares were sold range from $16.76 to $16.79 per share. Mr. Napolitano 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 Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Napolitano, 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 the Company. There is no expiration date for the conversion of LTIP Units or OP Units.

Content

These shares were sold in 2 separate sales transactions at a weighted average sales price of $16.7715. The actual price at which these shares were sold range from $16.76 to $16.79 per share. Mr. Napolitano 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 Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Napolitano, 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 the Company. There is no expiration date for the conversion of LTIP Units or OP Units.