Adam Richard Larson - 02 Jan 2026 Form 4 Insider Report for Cottonwood Communities, Inc.

Role: Chief Financial Officer
Signature: /s/ Adam Larson
Issuer symbol: N/A
Transactions as of: 02 Jan 2026
Net transactions value: +$150,000
Form type: 4
Filing time: 06 Jan 2026, 19:25:37 UTC
Previous filing: 10 Jan 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Larson Adam Richard	Chief Financial Officer	1245 BRICKYARD ROAD, SUITE 250, SALT LAKE CITY	/s/ Adam Larson	06 Jan 2026	0001810064

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction		Series A Convertible Preferred Stock	Award	$75,000	+8,264		$9.08	8,264	02 Jan 2026	Direct

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		CROP Units	Award	$75,000	+6,603	+9%	$11.36	79,866	02 Jan 2026	Class I Common Stock, par value $0.01 per share	6,603		Direct	F1
transaction		LTIP Units	Award		+13,405	+89%		28,546	02 Jan 2026	Class I Common Stock, par value $0.01 per share	13,405		Direct	F2, F3, F4

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

Explanation of Responses:

Id	Content
F1	Represents common units ("CROP Units") of Cottonwood Residential O.P., LP ("the Operating Partnership"), a Delaware limited partnership of which Cottonwood Communities, Inc., a Maryland corporation (the "Issuer"), is the sole member of the sole general partner. CROP Units may be redeemed for cash equal to the net asset value ("NAV") per share, determined pursuant to valuation procedures adopted by the Issuer's board of directors, of one share of the Issuer's Class I common stock or, at the Issuer's election, for shares of the Issuer's Class I common stock on a one-for-one basis. The CROP Units have no expiration date.
F2	The long-term incentive plan units ("LTIP Units") of the Operating Partnership were granted to the reporting person on January 2, 2026 as equity incentive compensation. The LTIP Units vest annually in equal installments over a four-year period with the first 25% vesting on January 1, 2027, subject to continued service.
F3	Represents LTIP units granted to the reporting person as equity incentive compensation. Over time, the LTIP Units can achieve full parity with CROP Units for all purposes. If such parity is reached, non-forfeitable LTIP Units automatically convert into CROP Units. LTIP Units do not have an expiration date.
F4	Reflects the aggregate number of LTIP Units currently held by the reporting person, and excludes 60,719.592 LTIP Units which have been automatically converted to CROP Units. See footnote 3 discussing the conversion of the LTIP Units.