| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SKT | Common Stock | Sale | -$4.77M | -220K | -14.65% | $21.67 | 1.28M | 12 Jun 2023 | Direct | F1, F2, F3 |
| transaction | SKT | Common Stock | Sale | -$1.76M | -79.9K | -6.24% | $22.00 | 1.2M | 13 Jun 2023 | Direct | F1, F3 |
| holding | SKT | Common Stock | 5K | 12 Jun 2023 | By wife |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan that was adopted on March 9, 2023. |
| F2 | Represents the weighted average sales price of multiple transactions ranging from $21.54 to $21.94. |
| F3 | Number of shares of common stock beneficially owned following reported transactions does not include 2,908,821 Limited Partnership Units that are exchangeable into shares of Tanger Factory Outlet Centers, Inc. held by Tango 7 LLC and considered indirectly beneficially owned by the Reporting Person. |