Director sells 5,536 COPT Defense (CDP) shares in open trade

Rhea-AI Filing Summary

COPT Defense Properties director Philip L. Hawkins reported an open-market sale of 5,536 common shares on February 23, 2026. The weighted average sale price was $32.7132 per share, based on trades between $32.58 and $32.76. After this transaction, he directly owned 15,188 common shares.

Insider Trade Summary

Net Seller: 5,536 shares ($181,100)

Net Sell 1 txn

Insider HAWKINS PHILIP L

Role Director

Sold 5,536 shs ($181K)

Type	Security	Shares	Price	Value
Sale	Common Shares	5,536	$32.7132	$181K

Holdings After Transaction: Common Shares — 15,188 shares (Direct)

Footnotes (1)

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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^*

HAWKINS PHILIP 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)
02/23/2026

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
Common Shares	02/23/2026		S		5,536	D	$32.7132(1)	15,188	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the weighted average of a range of sale prices from $32.58 to $32.76. 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.

	/s/ David L. Finch by Power of Attorney	02/24/2026
	** 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 COPT Defense Properties (CDP) report?

COPT Defense Properties director Philip L. Hawkins reported selling 5,536 common shares in an open-market transaction. The filing is a Form 4, which discloses recent insider trades required under SEC rules for directors, officers, and large shareholders.

How many COPT Defense (CDP) shares did Philip L. Hawkins sell and at what price?

Philip L. Hawkins sold 5,536 COPT Defense common shares at a weighted average price of $32.7132. A footnote explains individual trades occurred between $32.58 and $32.76 per share, with full price breakdowns available upon request from the company or the SEC.

What is Philip L. Hawkins’ remaining COPT Defense (CDP) share ownership after the sale?

After the reported sale, Philip L. Hawkins directly owned 15,188 common shares of COPT Defense Properties. This remaining balance reflects his direct ownership only, as disclosed in the Form 4, and does not reference any additional indirect holdings or related entities.

Was the COPT Defense (CDP) insider trade an open-market sale?

Yes, the transaction is described as an open-market sale of common shares. The Form 4 uses transaction code “S” and labels the action as a sale in open market or private transaction, indicating the shares were not simply transferred or granted internally.

What does the weighted average price mean in the COPT Defense (CDP) Form 4?

The weighted average price of $32.7132 reflects multiple trades executed between $32.58 and $32.76. The insider undertakes to provide full details of how many shares were sold at each specific price to the SEC staff, the company, or any shareholder upon request.