CDP officer holds 223,008 derivatives after 11/12/2025 conversion

Rhea-AI Filing Summary

COPT Defense Properties (CDP) reported an insider transaction by its EVP and CFO. On 11/12/2025, the officer received 17,400 Common Units-CDPLP in a transaction coded G, with a stated price of $0. Each Common Unit is convertible into one common share of the issuer or cash at the issuer’s election.

Following the transaction, the officer reported 223,008 derivative securities beneficially owned, held directly. The filing notes these units were received upon conversion of previously reported Profit Interest Units granted as employment compensation.

Insider Trade Summary

17,400 shares gifted

Mixed 1 txn

Insider Mifsud Anthony

Role EVP AND CFO

Type	Security	Shares	Price	Value
Gift	Common Units-CDPLP	17,400	$0.00	--

Holdings After Transaction: Common Units-CDPLP — 223,008 shares (Direct)

Footnotes (1)

1. Common Units of COPT Defense Properties, L.P. the Issuer's operating partnership, are convertible upon issuance into an equal number of the common shares of beneficial interest of the Issuer or, at the election of the issuer, cash equal to the fair market value of such shares. Common Units do not have an expiration date. Reflects Common Units received by the reporting person upon the conversion, in accordance with terms of the applicable grants, of previously reported Profit Interest Units received as employment compensation.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Mifsud Anthony

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/12/2025

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	(1)	11/12/2025		G			17,400	(1)	(2)	Common Shares	17,400	$0	223,008(3)	D

Explanation of Responses:

1. Common Units of COPT Defense Properties, L.P. the Issuer's operating partnership, are convertible upon issuance into an equal number of the common shares of beneficial interest of the Issuer or, at the election of the issuer, cash equal to the fair market value of such shares.

2. Common Units do not have an expiration date.

3. Reflects Common Units received by the reporting person upon the conversion, in accordance with terms of the applicable grants, of previously reported Profit Interest Units received as employment compensation.

	/s/ David L. Finch, by Power of Attorney	11/13/2025
	** 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 did CDP’s Form 4 report for CDP (CDP)?

The EVP and CFO received 17,400 Common Units-CDPLP on 11/12/2025 in a transaction coded G at $0.

How many securities does the officer report owning after the transaction for CDP?

The officer reported 223,008 derivative securities beneficially owned following the transaction, held directly.

What are Common Units-CDPLP in relation to CDP?

They are units of the issuer’s operating partnership that are convertible into an equal number of the issuer’s common shares or cash at the issuer’s election.

What was the consideration for the 17,400 units in CDP’s Form 4?

The stated price for the derivative security was $0.

What is the origin of these units for CDP?

They reflect units received upon conversion of previously reported Profit Interest Units awarded as employment compensation.

What is the transaction date on the CDP Form 4?

The date of the earliest transaction is 11/12/2025.