Reginald Livingston - Jun 11, 2025 Form 4 Insider Report for ACADIA REALTY TRUST (AKR)

Role: EVP and CIO
Signature: /s/ Reginald Livingston
Stock symbol: AKR
Transactions as of: Jun 11, 2025
Transactions value $: -$400,600
Form type: 4
Date filed: 6/13/2025, 04:16 PM
Previous filing: Feb 19, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Livingston Reginald	EVP and CIO	C/O ACADIA REALTY TRUST, 411 THEODORE FREMD AVE, RYE	/s/ Reginald Livingston	2025-06-13	0002012401

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	+15.7K	+362.75%	$0.00	20K	Jun 11, 2025	Direct
transaction	AKR	Common Shares of Beneficial Interest	Sale	-$401K	-20K	-100%	$20.03	0	Jun 11, 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	-15.7K	-16.6%	$0.00	78.8K	Jun 11, 2025	Common Shares of Beneficial Interest	15.7K	$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 $20.03. The actual price at which these shares were sold range from $20.00 to $20.12 per share. Mr. Livingston 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. Livingston, which vested in accordance with the terms of each grant.