Does the CDP Form 4 disclose a price range for Robert L. Denton’s share sale?

Yes. A footnote states the weighted average sale price reflects individual trades executed between $32.25 and $32.50 per share. The reporting person offers to provide detailed breakdowns of shares sold at each separate price upon request.

Director Robert Denton sells 3,922 COPT DEFENSE (CDP) shares around $32.38

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

COPT DEFENSE PROPERTIES director Robert L. Denton sold common shares in an open-market transaction. On May 26, 2026, he sold 3,922 Common Shares at a weighted average price of $32.38 per share, within a price range of $32.25 to $32.50. After this sale, he directly holds 3,803 Common Shares.

Insider Trade Summary

Net Seller: 3,922 shares ($126,994)

Net Sell 1 txn

Insider DENTON ROBERT L

Role null

Sold 3,922 shs ($127K)

Type	Security	Shares	Price	Value
Sale	Common Shares	3,922	$32.38	$127K

Holdings After Transaction: Common Shares — 3,803 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

Shares sold: 3,922 shares Weighted average sale price: $32.38 per share Post-sale holdings: 3,803 shares +2 more

5 metrics

Shares sold 3,922 shares Open-market sale of Common Shares on May 26, 2026

Weighted average sale price $32.38 per share Average sale price for 3,922 Common Shares

Post-sale holdings 3,803 shares Directly held Common Shares after the transaction

Sale price range $32.25–$32.50 per share Range of individual trade prices per footnote

Net buy/sell direction Net sale of 3,922 shares transactionSummary shows net-sell direction

Key Terms

open-market sale, weighted average, Common Shares, transaction code "S"

4 terms

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.

weighted average financial

"Represents the weighted average of a range of sale prices"

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.

Common Shares financial

"security_title: "Common Shares""

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

transaction code "S" financial

"transaction_code: "S""

Form 4 Insider Transactions: What Each Field Means →

05/28/2026 - 04:23 PM

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^*

DENTON ROBERT L

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026

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

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	05/26/2026		S		3,922	D	$32.38⁽¹⁾	3,803	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents the weighted average of a range of sale prices from $32.25 to $32.50. 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.

Remarks:

	/s/ David L. Finch, by Power of Attorney	05/28/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did CDP director Robert L. Denton report?

Robert L. Denton reported an open-market sale of COPT DEFENSE PROPERTIES common shares. He sold 3,922 Common Shares on May 26, 2026, as reflected in the Form 4, and this transaction reduced his directly held share balance.

How many COPT DEFENSE PROPERTIES (CDP) shares did Robert L. Denton sell?

Robert L. Denton sold 3,922 Common Shares of COPT DEFENSE PROPERTIES. This sale was reported as a non-derivative open-market transaction and is the only transaction listed in the filing’s transaction summary for that date.

At what price did CDP director Robert L. Denton sell his shares?

The reported sale used a weighted average price of $32.38 per share. A footnote explains the actual individual sale prices ranged between $32.25 and $32.50, with full price-by-price details available upon request.

How many COPT DEFENSE PROPERTIES shares does Robert L. Denton hold after this sale?

Following the sale, Robert L. Denton directly holds 3,803 Common Shares of COPT DEFENSE PROPERTIES. This post-transaction holding reflects his remaining direct ownership position reported in the Form 4 after the 3,922-share sale.

Was Robert L. Denton’s CDP transaction an open-market sale or another type?

The filing characterizes the transaction as an open-market sale of non-derivative Common Shares. The transaction code is “S,” and the description specifies it as a sale in open market or private transaction, confirming it as a standard sale.