Barbara Pak - Mar 3, 2025 Form 4 Insider Report for ESSEX PROPERTY TRUST, INC. (ESS)

Signature
/s/ Brennan McGreevy, Attorney in Fact
Stock symbol
ESS
Transactions as of
Mar 3, 2025
Transactions value $
-$631,800
Form type
4
Date filed
3/5/2025, 05:48 PM
Previous filing
Feb 20, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESS Common Stock Options Exercise $1.36M +6.32K +73.01% $214.79 15K Mar 3, 2025 Direct F1, F2
transaction ESS Common Stock Sale -$1.99M -6.32K -42.2% $314.79 8.65K Mar 3, 2025 Direct 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
transaction ESS Stock Option (Right to Purchase) Options Exercise $0 -6.32K -66.67% $0.00 3.16K Mar 3, 2025 Common Stock 6.32K $214.79 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id Content
F1 The transactions report in this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 Under the terms of the stock options, the maximum value that the reporting person could receive is $100 per share.
F3 1/3 of these stock options vested on December 9, 2023 and 1/3 on each anniversary thereafter ending on December 9, 2025.