Mark Sullivan III - 08 May 2026 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Reporting relationship: Director
Issuer ticker: BFS
Reported as of: 08 May 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 11 May 2026, 17:30:35 UTC
Prior SEC filing: 13 May 2025
Source filing: View source filing
Reporting owner signature: /s/ Carlos L. Heard, by Power of Attorney

Key filing fact

Mark Sullivan III filed Form 4 for SAUL CENTERS, INC. (BFS) on 11 May 2026.

Key facts

This page summarizes Mark Sullivan III's Form 4 filing for SAUL CENTERS, INC. (BFS).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 11 May 2026, 17:30.

Change

Previous filing in this sequence was filed on 13 May 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001433619 Primary reporting owner

Sullivan Mark III

Relationship: Director
Address: 7501 WISCONSIN AVENUE, 15TH FLOOR, BETHESDA
Signature: /s/ Carlos L. Heard, by Power of Attorney
Signature date: 11 May 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BFS transaction

Common Stock

Award

Transaction value
Shares: +2,000
Change %: +24%
Price: $0.000000^*
Shares after: 10,400
Date: 08 May 2026
Ownership: Direct
Footnotes: F4, F5

BFS holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 800
Date: 08 May 2026
Ownership: Co-trustee of Trust
Footnotes: F1

BFS holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 8,510
Date: 08 May 2026
Ownership: Direct
Footnotes: F2

BFS holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,463
Date: 08 May 2026
Ownership: Direct
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BFS holding Derivative

Director Stock Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,500
Date: 08 May 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,500
Exercise price: $59.41

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Mr. Sullivan is co-trustee of the trust. The beneficiaries of the trust are his brother and his brother's children. Mr. Sullivan disclaims any beneficial ownership in the shares held by the trust.

Footnote F2

IRA

Footnote F3

SEP IRA

Footnote F4

Represents restricted shares of Common Stock. Such shares vest on the first three anniversaries of May 8, 2026 in equal annual installments, assuming continued service.

Footnote F5

Self-Direct