Richard Hartmann - May 3, 2024 Form 4 Insider Report for ACADIA REALTY TRUST (AKR)

Role: Sr. VP
Signature: /s/ Richard Hartmann
Stock symbol: AKR
Transactions as of: May 3, 2024
Transactions value $: -$427,623
Form type: 4
Date filed: 5/7/2024, 04:32 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	+25K		$0.00	25K	May 3, 2024	Direct
transaction	AKR	Common Shares of Beneficial Interest - $.001 Par Value	Sale	-$428K	-25K	-100%	$17.10	0	May 3, 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	LTIP Units	Conversion of derivative security	$0	-25K	-16.11%	$0.00	130K	May 3, 2024	Common Shares of Beneficial Interest	25K	$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 several separate sales transactions at a weighted average sales price of $17.1049. The actual price at which these shares were sold range from $17.10 to $17.14 per share. Mr. Hartmann 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	Represents limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") previously granted to the employee. 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 several separate sales transactions at a weighted average sales price of $17.1049. The actual price at which these shares were sold range from $17.10 to $17.14 per share. Mr. Hartmann 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.

Represents limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") previously granted to the employee. 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.