C. TAYLOR PICKETT - 20 May 2025 Form 4 Insider Report for COPT DEFENSE PROPERTIES (CDP)

Role
Director
Signature
/s/ David L. Finch by Power of Attorney
Issuer symbol
CDP
Transactions as of
20 May 2025
Net transactions value
$0
Form type
4
Filing time
22 May 2025, 15:47:15 UTC
Previous filing
02 Apr 2025
Next filing
01 Jul 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
PICKETT C TAYLOR Director 6711 COLUMBIA GATEWAY DRIVE, SUITE 300, COLUMBIA /s/ David L. Finch by Power of Attorney 22 May 2025 0001143567

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 CDP Profit Interest Units Award +7,919 +33% 31,615 20 May 2025 Common Shares 7,919 Direct F1, F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Profit Interest Unit will convert automatically into one share of beneficial interest, designated as a unit (an "OP Unit"), in COPT Defense Properties, L.P. when such Profit Interest Unit becomes vested and upon equalization of its capital account balance. OP Units are redeemable for cash, or, at the option of COPT Defense Properties , exchangeable for common shares of COPT Defense Properties, currently on a one-for-one basis.
F2 Consists of 3,922 shares received as the equity portion of compensation for his Board service and 3,997 shares received upon the election by the reporting person to receive common shares in lieu of cash for all or part of his annual retainer for Board service, consistent with a policy adopted by the Board with respect to the cash portion of compensation for Board service. By making such election, the reporting person received shares equal to the amount of cash compensation designated by the reporting person divided by the 15-day trailing average price of the common shares as of the grant date.
F3 The Profit Interest Units will vest on the first anniversary of the grant date, provided that the reporting person remains a trustee on such date.
F4 The Profit Interest Units do not expire once vested.
F5 Received as compensation for Board service.