Director at COPT Defense (NYSE: CDP) redeems 2,000 units for cash

Rhea-AI Filing Summary

COPT Defense Properties director Robert L. Denton reported a redemption of partnership units for cash. On February 10, 2026, he redeemed 2,000 Common Units of COPT Defense Properties, L.P., which are convertible into an equal number of common shares or, at the issuer’s election, cash.

For this redemption, the issuer chose to pay cash based on the 10-day average closing price of its common shares on the New York Stock Exchange. Following this transaction, Denton beneficially owns 146,264 derivative securities (Common Units), which are convertible upon issuance and have no expiration date.

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

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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 MD 21046

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026

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

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
Common Units-CDPLP	$31.013	02/10/2026		C(1)	V		2,000	(2)	(1)	Common Shares	2,000	$0	146,264	D

Explanation of Responses:

1. The reporting person redeemed 2000 common units of limited partnership interest ("Common Units") of COPT Defense Properties, L.P., of which the issuer is the general partner. Common Units are convertible into an equal number of the issuer's common shares of beneficial interest or, at the election of the issuer, cash equal to the fair market value of such shares. In the case of these 2000 Common Units, the issuer elected to pay cash upon the conversion of the reporting person's Common Units, based on the 10-day average closing price of the issuer's common shares on the New York Stock Exchange. Common Units have no expiration date.

2. Common Units are convertible upon issuance.

	/s/ David L. Finch, Attorney-in-Fact	02/11/2026
	** 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 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.

FAQ

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

Denton reported redeeming 2,000 Common Units of COPT Defense Properties, L.P. on February 10, 2026. These units are exchangeable for common shares or, at the issuer’s choice, cash, and this specific redemption was settled entirely in cash.

How were the 2,000 COPT Defense Common Units settled in this Form 4?

The 2,000 Common Units were redeemed for cash rather than shares. The issuer elected to pay an amount based on the 10-day average closing price of its common shares on the New York Stock Exchange at the time of conversion.

What does the Form 4 say about Denton’s remaining CDP holdings?

After the reported transaction, Robert L. Denton beneficially owns 146,264 derivative securities classified as Common Units. These units are held with direct ownership and remain outstanding following the February 10, 2026 redemption event.

Are COPT Defense Properties Common Units immediately convertible into common shares?

Yes. The filing states that Common Units are convertible upon issuance. Each unit can become an equal number of the issuer’s common shares of beneficial interest or be redeemed for cash at the issuer’s election using the defined pricing method.

Do the COPT Defense Common Units reported in this Form 4 have an expiration date?

No. The Common Units described in the filing have no expiration date. They remain outstanding until converted into common shares of beneficial interest or redeemed for cash, according to the issuer’s election and the holder’s actions.

How is the cash amount determined when CDP Common Units are redeemed?

When the issuer elects cash settlement, payment equals the fair market value of the corresponding common shares. For this transaction, the value was based on the 10-day average closing price of COPT Defense common shares on the New York Stock Exchange.