Form 4: Clipper Realty Director Boosts Stake

Clipper Realty Inc. Director and 10% owner Sam Levinson increased his beneficial ownership by purchasing 58,263 shares of common stock across multiple transactions in late December 2025.

Summary

• Sam Levinson, a Director and 10% owner of Clipper Realty Inc. (CLPR), acquired a total of 58,263 shares of common stock through multiple purchases between December 29 and December 31, 2025.
• The purchases were made at weighted average prices of $3.7057 per share (for 35,912 shares) and $3.7907 per share (for 2,793 shares), with a range of $3.62 to $3.80 per share.
• Following these transactions, Levinson directly owns 82,203 shares of common stock and indirectly holds significant stakes through various entities, including Trapeze Inc., Trapeze D Holdings LLC, and ECL Holdings LLC.
• Indirect holdings include 1,253,016 common shares via Trapeze Inc., 136,782 common shares via Trapeze D Holdings LLC, and 128,185 common shares via ECL Holdings LLC.
• Levinson also indirectly holds 4,464,692, 1,362,039, and 1,469,548 shares of Special Voting Stock through Trapeze Inc., Trapeze D Holdings LLC, and ECL Holdings LLC, respectively.
• Special Voting Stock, along with Class B LLC Units, is exchangeable for cash or common stock at the issuer's election.

Sentiment

Score: 8

Explanation: The significant insider buying by a director and 10% owner, Sam Levinson, indicates strong confidence in the company's prospects, which is a highly positive signal for investors.

Positives

• A Director and 10% owner, Sam Levinson, increased his stake in Clipper Realty Inc. by purchasing 58,263 shares of common stock.
• Insider buying often signals management's confidence in the company's future prospects.

Future Outlook

NA

Industry Context

Insider buying by a director and significant shareholder like Sam Levinson in a real estate investment trust (REIT) such as Clipper Realty Inc. can be interpreted by the market as a positive signal, suggesting confidence in the company's asset valuation, operational performance, or future growth prospects within the real estate sector, especially given the current market conditions for real estate.

Related Party Transactions

• Sam Levinson's indirect ownership through Trapeze Inc., Trapeze D Holdings LLC, and ECL Holdings LLC, as well as through profit sharing plans, represents related party beneficial ownership structures.

Stakeholder Impact

• Shareholders may view the insider buying as a positive indicator of management's belief in the company's value, potentially leading to increased investor confidence and demand for the stock.

Key Dates

Recommendation

The substantial insider purchases by a key director and 10% owner, Sam Levinson, signal strong conviction in Clipper Realty Inc.'s intrinsic value and future performance. Such actions by well-informed insiders often precede positive developments or reflect a belief that the stock is undervalued, making it an attractive 'buy' signal for investors.

Keywords

Clipper Realty Inc., CLPR, Insider Buying, Form 4, Beneficial Ownership, Sam Levinson, Director, 10% Owner, Common Stock, Special Voting Stock, Equity Purchase