Form 4: Elme Communities CFO Sells Shares for Tax Settlement

Elme Communities' EVP & CFO, Steven Freishtat, disposed of 8,364 shares of common stock at $16.61 per share for tax settlement purposes related to vested shares.

Summary

• Steven Freishtat, Executive Vice President and Chief Financial Officer of Elme Communities (ELME), reported the disposition of common stock.
• The transactions occurred on November 12, 2025, and involved the net share settlement of taxes on vested shares.
• A total of 8,364 shares of common stock were disposed of across multiple transactions.
• The shares were disposed of at a price of $16.61 per share.
• The vesting of these shares was in connection with the closing under a Purchase Agreement dated August 1, 2025.
• The Purchase Agreement was among Elme Communities, WashREIT OP LLC, Echo Sub LLC, CEVF VI Capitol Holdings, LLC, and CEVF VI Co-Invest I Venture, LLC.
• Following these transactions, Steven Freishtat beneficially owns 42,636 shares of Elme Communities common stock directly.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction for tax settlement on vested shares, which is neutral in sentiment. It does not indicate any discretionary buying or selling activity based on management's outlook.

Future Outlook

NA

Industry Context

This filing represents a routine insider transaction for tax settlement purposes, which is a common occurrence in the industry when equity compensation vests. It does not provide specific insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not reflect a change in the insider's investment thesis or company fundamentals.

Key Dates

Keywords

Elme Communities, ELME, Steven Freishtat, Form 4, Insider Transaction, Share Sale, Tax Settlement, Common Stock, Corporate Officer