Jameson P. Brown - Jun 30, 2023 Form 4 Insider Report for NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN)

Role: TREASURER, Director, 10%+ Owner
Signature: /s/ Jameson P. Brown
Stock symbol: NEN
Transactions as of: Jun 30, 2023
Transactions value $: -$51,730
Form type: 4
Date filed: 6/30/2023, 09:02 AM
Previous filing: Apr 4, 2023
Next filing: Oct 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NEN	NEN Units of General Partner Interest	Other	-$2.73K	-1.3	-0.15%	$2,102.85^*	890	Jun 30, 2023	By Close-Held Corporation	F1, F2, F3
transaction	NEN	NEN Class B Units of Limited Partnership Interest	Other	-$49K	-23.3	-0.14%	$2,102.85^*	16.9K	Jun 30, 2023	By HBC Holdings, LLC	F1, F3

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

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	Pursuant to the Partnership's equity repurchase program, as renewed and reauthorized by the Board of Directors of the General Partner on March 9, 2020 and as further described in the Partnership's Report on Form 10-K filed with the Securities and Exchange Commission on March 12, 2020, the Partnership repurchased 23.3 Class B Units of Limited Partnership Interest directly beneficially owned by the reporting person and 1.3 Units of General Partner Interest from the general partner of the Partnership that are indirectly beneficially owned by the reporting person.
F2	Amounts reported represent 75% of the securities owned by the close-held corporation (which corporation is the general partner of the Partnership) based upon the reporting person's 75% equity interest in the corporation.
F3	The purchase price of the Units of General Partner Interest was equal to the $70.10 purchase price of the Depositary Receipts (each of which represents one-thirtieth of a Class A Unit of the Partnership) contemporaneously repurchased by the Partnership pursuant to its equity repurchase program.