Jason Blacksberg - Mar 6, 2025 Form 4 Insider Report for ACADIA REALTY TRUST (AKR)

Role
EVP and Chief Legal Officer
Signature
/s/ Jason Blacksberg
Stock symbol
AKR
Transactions as of
Mar 6, 2025
Transactions value $
-$684,300
Form type
4
Date filed
3/7/2025, 05:29 PM
Previous filing
Feb 19, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AKR Common Shares of Beneficial Interest Conversion of derivative security $0 +30K $0.00 30K Mar 6, 2025 Direct
transaction AKR Common Shares of Beneficial Interest Sale -$684K -30K -100% $22.81 0 Mar 6, 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 AKR LTIP Units Conversion of derivative security $0 -30K -9.02% $0.00 302K Mar 6, 2025 Common Shares of Beneficial Interest 30K $0.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were sold in several separate sales transactions at a weighted average price of $22.81. The actual price at which these shares were sold range from $22.70 to $22.88 per share. Mr. Blacksberg will provide, upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full, detailed information regarding the number of shares sold at each separate price.
F2 Represents long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP"). The LTIPs are exchangeable on a 1:1 basis for common partnership units of ARLP ("Common Units") which in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or Common Units.
F3 These LTIP Units in ARLP represent a portion of the LTIPs that were previously granted to Mr. Blacksberg, which vested in accordance with the terms of each grant.