Michael J. Bilerman - 13 Feb 2026 Form 4 Insider Report for TANGER INC. (SKT)

Role: Title - Executive Vice President, Chief Financial Officer and Chief Investment Officer
Signature: /s/ Eric Richardson, attorney-in-fact for Mr. Bilerman
Issuer symbol: SKT
Transactions as of: 13 Feb 2026
Net transactions value: -$255,544
Form type: 4
Filing time: 18 Feb 2026, 20:12:34 UTC
Previous filing: 03 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Bilerman Michael J	Title - Executive Vice President, Chief Financial Officer and Chief Investment Officer	3200 NORTHLINE AVENUE, SUITE 360, GREENSBORO	/s/ Eric Richardson, attorney-in-fact for Mr. Bilerman	18 Feb 2026	0001955178

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SKT	Common Stock	Tax liability	$255,544	-7,556	-5.5%	$33.82	128,839	17 Feb 2026	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	SKT	Limited Partnership Units exchangeable for Common Stock	Award	$0	+20,828		$0.000000	20,828	13 Feb 2026	Common Stock	20,828		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	This forfeiture was undertaken solely to satisfy a tax withholding liability related to the vesting of stock held by the reporting person. On February 17, 2026, 14,577 restricted shares vested, with 7,556 shares withheld to cover tax withholding liability.
F2	Reflects an award of Basic LTIP Units of Tanger Properties Limited Partnership, which, if and as they become vested, and conditioned upon the satisfaction of minimum allocations to the capital accounts of the Basic LTIP Units for federal income tax purposes, are automatically converted into non-voting Class C Common Units. Class C Common Units may be exchanged by the reporting person for Tanger Inc. common shares on a one-for-one basis. Basic LTIP Units are intended to qualify as profits interests for US federal income tax purposes.
F3	These Basic LTIP Units are scheduled to vest one-third on February 15th of each year of the first three calendar years following the grant (subject to accelerated vesting in certain cases, such as death and certain involuntary terminations).

Remarks:

Title - Executive Vice President, Chief Financial Officer and Chief Investment Officer