Saul Centers director reports zero share ownership

SAUL CENTERS, INC. director Helgi C. Walker filed an initial Form 3 indicating no securities are beneficially owned.

Rhea-AI Filing Summary

SAUL CENTERS, INC. director Helgi C. Walker filed an initial Form 3 indicating no securities are beneficially owned. This filing simply establishes the insider’s reported ownership position at zero shares and does not reflect any purchase, sale, or other transaction in the company’s stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Walker Helgi C.

Role Director

Type	Security	Shares	Price	Value
holding	No securities benefically owned	--	--	--

Holdings After Transaction: No securities benefically owned — 0 shares (Direct)

Key Figures

Shares beneficially owned: 0.0000 shares

1 metrics

Shares beneficially owned 0.0000 shares Total shares following reported holding entry

Key Terms

No securities benefically owned, beneficial ownership, Form 3

3 terms

No securities benefically owned financial

"security_title: "No securities benefically owned""

beneficial ownership financial

"initial statement of beneficial ownership for company insiders"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Form 3 regulatory

"Form 3 is an initial statement of beneficial ownership"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the SAUL CENTERS (BFS) Form 3 filing by Helgi C. Walker show?

The Form 3 shows that director Helgi C. Walker reports no securities beneficially owned in Saul Centers, Inc. It is an initial ownership statement, not a record of a purchase or sale of BFS shares.

Did Helgi C. Walker buy or sell SAUL CENTERS (BFS) stock in this Form 3?

No, the filing does not report any buy or sell transaction. It simply states that no securities are beneficially owned, so there are zero shares reported both before and after the disclosed holding entry.

How many SAUL CENTERS (BFS) shares does Helgi C. Walker report owning?

Helgi C. Walker reports owning 0 shares of Saul Centers, Inc. The Form 3 lists total shares following the reported holding entry as 0.0000, indicating no beneficial ownership of BFS common stock at this time.

What is the purpose of a Form 3 for SAUL CENTERS (BFS) insiders?

Form 3 is an initial statement of beneficial ownership for company insiders such as directors or officers. It records how many BFS shares they beneficially own when they first become subject to reporting requirements, even if that amount is zero.

Does the SAUL CENTERS (BFS) Form 3 indicate any derivative or option holdings?

No derivative or option holdings are shown. The derivativeSummary is empty, and the filing reports no securities beneficially owned, indicating no reportable options, warrants, or similar derivative positions tied to BFS common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/11/2026 - 02:26 PM EDT Learn about SEC filing dates

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Walker Helgi C.

(Last) (First) (Middle)

7501 WISCONSIN AVENUE

SUITE 1500

(Street)

BETHESDA MARYLAND 20814

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
05/08/2026

3. Issuer Name and Ticker or Trading Symbol
SAUL CENTERS, INC. [ BFS ]

3a. Foreign Trading Symbol

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
No securities benefically owned	0	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ Carlos L. Heard, by Power of Attorney	05/11/2026
	** 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 5 (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.
* Form 3: SEC 1473 (03-26)