STOCK TITAN

Director at COPT Defense (CDP) sells shares and discloses remaining stake

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

COPT DEFENSE PROPERTIES director Picket t C. Taylor reported an open-market sale of 31,798 Common Shares on May 29, 2026. The shares were sold at a weighted average price of $32.253 per share, with individual sale prices ranging from $31.975 to $32.350, as noted in the filing.

Following the transaction, Taylor directly holds 15,188 Common Shares. In addition, 25,000 Common Shares are owned indirectly through a family trust over which Taylor has investment control, reflecting ongoing equity exposure to the company.

Positive

  • None.

Negative

  • None.
Insider PICKETT C TAYLOR
Role null
Sold 31,798 shs ($1.03M)
Type Security Shares Price Value
Sale Common Shares 31,798 $32.253 $1.03M
holding Common Shares -- -- --
Holdings After Transaction: Common Shares — 15,188 shares (Direct, null); Common Shares — 25,000 shares (Indirect, see footnote)
Footnotes (1)
  1. Represents the weighted average of a range of sale prices from $31.975 to $32.350. The reporting person undertakes to provide to the Staff of the Securities and Exchange Commission, the Company, or any shareholder of the Company, upon request, full information regarding the number of shares sold at each separate price. Shares owned by family trust over which the reporting person has investment control.
Shares sold 31,798 shares Open-market sale of Common Shares on May 29, 2026
Weighted average sale price $32.253 per share Average of sales between $31.975 and $32.350
Direct holdings after sale 15,188 shares Direct Common Shares held following the transaction
Indirect family trust holdings 25,000 shares Owned by family trust with Taylor having investment control
weighted average financial
"Represents the weighted average of a range of sale prices from $31.975 to $32.350."
A weighted average is a way of calculating an overall number when some items matter more than others by giving each item a different level of importance, or weight. Investors use weighted averages to combine figures like prices, returns or earnings so the result reflects the size or significance of each part — like grading a class where a final exam counts more than a quiz, producing a score that better represents true performance.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
family trust financial
"Shares owned by family trust over which the reporting person has investment control."
indirect ownership financial
""ownership_type": "indirect""
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
SEC Form 4
FORM 4UNITED 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*
PICKETT C TAYLOR

(Last)(First)(Middle)
6711 COLUMBIA GATEWAY DRIVE
SUITE 300

(Street)
COLUMBIA MARYLAND 21046

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
COPT DEFENSE PROPERTIES [ CDP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Shares05/29/2026S31,798D$32.253(1)15,188D
Common Shares25,000Isee footnote(2)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents the weighted average of a range of sale prices from $31.975 to $32.350. The reporting person undertakes to provide to the Staff of the Securities and Exchange Commission, the Company, or any shareholder of the Company, upon request, full information regarding the number of shares sold at each separate price.
2. Shares owned by family trust over which the reporting person has investment control.
Remarks:
/s/ David L. Finch, by Power of Attorney06/02/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What did COPT DEFENSE PROPERTIES director Picket t C. Taylor report on this Form 4 for CDP?

Picket t C. Taylor reported an open-market sale of 31,798 COPT DEFENSE PROPERTIES common shares. The transaction occurred on May 29, 2026, and reflects a routine insider disposition with remaining direct and indirect holdings disclosed in the filing.

How many COPT DEFENSE PROPERTIES (CDP) shares did Taylor sell and at what price?

Taylor sold 31,798 common shares of COPT DEFENSE PROPERTIES at a weighted average price of $32.253 per share. Individual sale prices ranged from $31.975 to $32.350, as detailed in the transaction footnote.

What are Picket t C. Taylor’s remaining direct CDP share holdings after the sale?

After the reported sale, Taylor directly holds 15,188 COPT DEFENSE PROPERTIES common shares. This figure represents the remaining direct ownership position disclosed as of the May 29, 2026 transaction date.

Does Picket t C. Taylor have indirect ownership of COPT DEFENSE PROPERTIES shares?

Yes. The filing states that 25,000 COPT DEFENSE PROPERTIES common shares are owned by a family trust. Taylor has investment control over this trust, so these shares are reported as indirect beneficial ownership.

What does the weighted average price disclosure mean in Taylor’s CDP share sale?

The weighted average price of $32.253 means shares were sold in multiple trades between $31.975 and $32.350. The filing notes that full information on shares sold at each separate price is available upon request from the company, SEC staff, or shareholders.