AIV (NYSE: AIV) officer Kellie Dreyer reports small Class A share sales

Rhea-AI Filing Summary

Apartment Investment & Management Company executive reports share dispositions. Senior Vice President and CAO Kellie Dreyer reported two dispositions of Class A Common Stock of the issuer. On 01/31/2026, 603 shares were disposed of at $5.88 per share, leaving 101,048 shares directly owned. On 02/01/2026, 3,313 shares were disposed of at $5.88 per share, leaving 97,735 shares directly owned.

Insider Trade Summary

Net Seller: 3,916 shares

Net Sell 2 txns

Insider Dreyer Kellie

Role Senior Vice President and CAO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	3,313	$5.88	$19K
Exercise Price or Tax Liability	Class A Common Stock	603	$5.88	$4K

Holdings After Transaction: Class A Common Stock — 97,735 shares (Direct)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/02/2026 - 07:04 PM Learn about SEC filing dates

FAQ

What insider transaction did AIV executive Kellie Dreyer report?

Kellie Dreyer, Senior Vice President and CAO of Apartment Investment & Management Company (AIV), reported two dispositions of Class A Common Stock. The transactions occurred on 01/31/2026 and 02/01/2026 and are classified with transaction code F.

How many AIV shares did Kellie Dreyer dispose of in this Form 4?

The Form 4 shows dispositions of 603 Class A Common Stock shares on 01/31/2026 and 3,313 shares on 02/01/2026. Both transactions were reported at a price of $5.88 per share and are coded as F transactions.

What is Kellie Dreyer’s AIV share ownership after the reported transactions?

After the 01/31/2026 transaction, Kellie Dreyer directly owned 101,048 Class A Common Stock shares. After the 02/01/2026 transaction, her direct ownership position is reported as 97,735 Class A Common Stock shares in Apartment Investment & Management Company.

Are the reported AIV insider transactions direct or indirect holdings?

The reported holdings in this Form 4 are classified as direct ownership. The entries in the ownership column are marked “D”, and no nature of indirect beneficial ownership is indicated for these Class A Common Stock transactions.

Who is the reporting person in this AIV Form 4 filing?

The reporting person is Kellie Dreyer, who serves as Senior Vice President and Chief Accounting Officer (CAO) of Apartment Investment & Management Company. The form indicates she is an officer, not a director or 10% owner.

What transaction code is used in Kellie Dreyer’s AIV Form 4?

Both transactions use code F in the Form 4. This code appears in the transaction code column for the 603-share disposition on 01/31/2026 and the 3,313-share disposition on 02/01/2026 in Class A Common Stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Dreyer Kellie

(Last) (First) (Middle)

4582 S. ULSTER ST.

SUITE 1450

(Street)

DENVER CO 80237

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
APARTMENT INVESTMENT & MANAGEMENT CO [ AIV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior Vice President and CAO

3. Date of Earliest Transaction (Month/Day/Year)
01/31/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	01/31/2026		F		603	D	$5.88	101,048	D
Class A Common Stock	02/01/2026		F		3,313	D	$5.88	97,735	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	Jennifer Johnson as attorney-in-fact for Kellie Dreyer	02/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.