David Todd Pearson - 12 Nov 2025 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
President & COO, Director
Signature
/s/ Carlos L. Heard, by Power of Attorney
Issuer symbol
BFS
Transactions as of
12 Nov 2025
Net transactions value
+$99,978
Form type
4
Filing time
13 Nov 2025, 16:53:43 UTC
Previous filing
21 May 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Pearson David Todd President & COO, Director 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA /s/ Carlos L. Heard, by Power of Attorney 13 Nov 2025 0001804456

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFS Common Stock Purchase $99,978 +3,348 +7.1% $29.86 50,567 12 Nov 2025 Direct F2
holding BFS Common Stock 2,368 12 Nov 2025 Spouse IRA 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
holding BFS Employee Stock Option 5,000 12 Nov 2025 Common Stock 5,000 $59.41 Direct F3
holding BFS Employee Stock Option 5,000 12 Nov 2025 Common Stock 5,000 $49.46 Direct F3
holding BFS Employee Stock Option 7,500 12 Nov 2025 Common Stock 7,500 $55.71 Direct F3
holding BFS Employee Stock Option 15,000 12 Nov 2025 Common Stock 15,000 $50.00 Direct F3
holding BFS Employee Stock Option 25,000 12 Nov 2025 Common Stock 25,000 $43.89 Direct F3
holding BFS Employee Stock Option 30,000 12 Nov 2025 Common Stock 30,000 $47.90 Direct F3
holding BFS Employee Stock Option 30,000 12 Nov 2025 Common Shares 30,000 $33.79 Direct F3
holding BFS Director Stock Option 2,500 12 Nov 2025 Common Stock 2,500 $33.79 Direct
holding BFS Performance Shares 14,000 12 Nov 2025 Common Stock 14,000 $0.000000 Direct
holding BFS Performance Shares 17,500 12 Nov 2025 Common Stock 17,500 $0.000000 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Balance increased by July 31, 2025 Dividend Reinvestment Plan award and October 31, 2025 award totaling 90.492 shares.
F2 Balance increased by October 31, 2025 Dividend Reinvestment Plan award of 54.416 shares.
F3 The options vest 25% per year over four years from the date of grant.