STOCK TITAN

Clipper Realty (CLPR) insider adds to stake with August buys

(Moderate)
(Positive)
Form Type
4

Rhea-AI Filing Summary

Clipper Realty Inc. (CLPR) director and ten percent owner Sam Levinson reported open-market purchases of a total of 98,635 shares of Common Stock, primarily through Starburst 2016 II LLC, between August 18 and 20, 2026, at prices around $3.14–$3.19 per share based on weighted-average ranges disclosed. Levinson is also shown holding 82,203 Common shares directly and additional indirect Common holdings through Trapeze Inc., Trapeze D Holdings LLC and ECL Holdings LLC, plus substantial positions in Special Voting Stock held via these entities.

Positive

  • None.

Negative

  • None.
Insider Levinson Sam
Role Director, 10% Owner
Bought 98,635 shs ($311K)
Type Security Shares Price Value
Purchase Common Stock 2,392 $3.19 $8K
Purchase Common Stock F2 9,260 $3.142 $29K
Purchase Common Stock F1 86,983 $3.1485 $274K
holding Common Stock -- -- --
holding Common Stock F3 -- -- --
holding Common Stock F4 -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Special Voting Stock F5 -- -- --
holding Special Voting Stock F5 -- -- --
holding Special Voting Stock F5 -- -- --
Holdings After Transaction: Common Stock — 253,399 shares (Indirect, By Starburst 2016 II LLC, a Delaware limited liability company); Common Stock — 82,203 shares (Direct); Common Stock — 83,994 shares (Indirect, See Footnote); Common Stock — 1,253,016 shares (Indirect, By Trapeze Inc., a Delaware corporation); Common Stock — 136,782 shares (Indirect, By Trapeze D Holdings LLC, a Delaware limited liability company); Common Stock — 128,185 shares (Indirect, By ECL Holdings LLC, a Delaware limited liability company); Special Voting Stock — 4,464,692 shares (Indirect, By Trapeze Inc., a Delaware corporation); Special Voting Stock — 1,362,039 shares (Indirect, By Trapeze D Holdings LLC, a Delaware limited liability company); Special Voting Stock — 1,469,548 shares (Indirect, By ECL Holdings LLC, a Delaware limited liability company)
Footnotes (5)
  1. F1. The price is the weighted average price for the acquisitions reported on this Form 4. The range of prices for the transactions reported on this Form 4 is between $3.12 and $3.18 per share. Complete information regarding the number of shares purchased at each separate price will be provided upon request by Commission Staff, the Issuer or a security holder of the Issuer.
  2. F2. The price is the weighted average price for the acquisitions reported on this Form 4. The range of prices for the transactions reported on this Form 4 is between $3.08 and $3.17 per share. Complete information regarding the number of shares purchased at each separate price will be provided upon request by Commission Staff, the Issuer or a security holder of the Issuer.
  3. F3. Held through a profit sharing plan at National Financial Services LLC.
  4. F4. Held by the Reporting Person's spouse through a profit sharing plan at National Financial Services LLC of which the Reporting Person is co-trustee.
  5. F5. Special Voting Stock is a class of stock of the Issuer that does not share in any distribution to stockholders of the Issuer, but gives the holder thereof one vote per share on all matters on which the Issuer's holders of Common Stock vote, subject to certain exceptions. Class B LLC Units are units of certain limited liability companies that are indirect subsidiaries of the Issuer. Each Class B LLC Unit is exchangeable, together with one share of Special Voting Stock, for an amount of cash equal to the fair market value of a share of Common Stock of the Issuer or, at the election of the Issuer, one share of Common Stock. The right to exchange Class B LLC Units, together with Special Voting Stock, does not have an expiration date.
Total Common Shares Purchased 98,635 shares Open-market or private purchases reported between August 18–20, 2026
Common Shares Purchased on 2026-08-18 86,983 shares at $3.1485 per share Weighted-average price; range $3.12–$3.18 per share (Footnote F1)
Common Shares Purchased on 2026-08-19 9,260 shares at $3.1420 per share Weighted-average price; range $3.08–$3.17 per share (Footnote F2)
Common Shares Purchased on 2026-08-20 2,392 shares at $3.19 per share Indirectly held by Starburst 2016 II LLC
Direct Common Stock Holding 82,203 shares Direct ownership position as of August 18, 2026
Common Stock Held by Trapeze Inc. 1,253,016 shares Indirect ownership through Trapeze Inc., a Delaware corporation
Special Voting Stock Held by Trapeze Inc. 4,464,692 shares Indirect holding; one vote per share, no distributions (Footnote F5)
Special Voting Stock financial
"Special Voting Stock is a class of stock of the Issuer that does not share"
Special voting stock is a class of shares that gives its holders more or different voting rights than ordinary shares, allowing them to control key corporate decisions such as board elections or mergers. For investors, it matters because these shares concentrate control in certain hands, so even if others own more economic interest, they may have less influence over company strategy and governance — like having fewer keys to a car even if you paid for most of it.
Class B LLC Units financial
"Class B LLC Units are units of certain limited liability companies"
weighted average price financial
"The price is the weighted average price for the acquisitions reported"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
profit sharing plan financial
"Held through a profit sharing plan at National Financial Services LLC"

FAQ

What Common Stock purchases did Sam Levinson report for CLPR in this Form 4?

Sam Levinson reported 98,635 shares of Clipper Realty Inc. Common Stock purchased in open-market or private transactions between August 18 and 20, 2026, at prices around the weighted-average ranges of $3.08–$3.18 per share and a separate trade at $3.19 per share.

Were the CLPR trades by Sam Levinson direct or through entities?

The reported 98,635-share CLPR purchases were held indirectly, primarily by Starburst 2016 II LLC, a Delaware limited liability company associated with Sam Levinson. The filing also lists other indirect holdings through Trapeze Inc., Trapeze D Holdings LLC, and ECL Holdings LLC.

What direct Common Stock holdings of CLPR does Sam Levinson report after these transactions?

Sam Levinson reports 82,203 shares of Clipper Realty Inc. Common Stock as a direct holding as of August 18, 2026. Additional Common Stock amounts are reported as indirect holdings through several affiliated entities.

How much Special Voting Stock of CLPR is reported as indirectly held?

Indirect holdings of Special Voting Stock reported include 4,464,692 shares by Trapeze Inc., 1,362,039 shares by Trapeze D Holdings LLC, and 1,469,548 shares by ECL Holdings LLC. Each share provides one vote but does not share in distributions.

What price information is provided for the CLPR purchases in this Form 4?

One trade for 2,392 shares was executed at $3.19 per share. Other purchases use weighted average prices, with ranges of $3.12–$3.18 and $3.08–$3.17 per share; detailed per-trade breakdowns are available on request as stated in the filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates
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*
Levinson Sam

(Last)(First)(Middle)
4611 TWELFTH AVENUE

(Street)
BROOKLYN NEW YORK 11219

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Clipper Realty Inc. [ CLPR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/18/2026
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 Stock08/18/2026P86,983A$3.1485(1)241,747IBy Starburst 2016 II LLC, a Delaware limited liability company
Common Stock08/19/2026P9,260A$3.142(2)251,007IBy Starburst 2016 II LLC, a Delaware limited liability company
Common Stock08/20/2026P2,392A$3.19253,399IBy Starburst 2016 II LLC, a Delaware limited liability company
Common Stock82,203D
Common Stock57,099ISee Footnote(3)
Common Stock26,895ISee Footnote(4)
Common Stock1,253,016IBy Trapeze Inc., a Delaware corporation
Common Stock136,782IBy Trapeze D Holdings LLC, a Delaware limited liability company
Common Stock128,185IBy ECL Holdings LLC, a Delaware limited liability company
Special Voting Stock(5)4,464,692IBy Trapeze Inc., a Delaware corporation
Special Voting Stock(5)1,362,039IBy Trapeze D Holdings LLC, a Delaware limited liability company
Special Voting Stock(5)1,469,548IBy ECL Holdings LLC, a Delaware limited liability company
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. The price is the weighted average price for the acquisitions reported on this Form 4. The range of prices for the transactions reported on this Form 4 is between $3.12 and $3.18 per share. Complete information regarding the number of shares purchased at each separate price will be provided upon request by Commission Staff, the Issuer or a security holder of the Issuer.
2. The price is the weighted average price for the acquisitions reported on this Form 4. The range of prices for the transactions reported on this Form 4 is between $3.08 and $3.17 per share. Complete information regarding the number of shares purchased at each separate price will be provided upon request by Commission Staff, the Issuer or a security holder of the Issuer.
3. Held through a profit sharing plan at National Financial Services LLC.
4. Held by the Reporting Person's spouse through a profit sharing plan at National Financial Services LLC of which the Reporting Person is co-trustee.
5. Special Voting Stock is a class of stock of the Issuer that does not share in any distribution to stockholders of the Issuer, but gives the holder thereof one vote per share on all matters on which the Issuer's holders of Common Stock vote, subject to certain exceptions. Class B LLC Units are units of certain limited liability companies that are indirect subsidiaries of the Issuer. Each Class B LLC Unit is exchangeable, together with one share of Special Voting Stock, for an amount of cash equal to the fair market value of a share of Common Stock of the Issuer or, at the election of the Issuer, one share of Common Stock. The right to exchange Class B LLC Units, together with Special Voting Stock, does not have an expiration date.
/s/ Sam Levinson08/20/2026
** 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)