Clipper Realty director receives 188,354 shares
Special Voting Stock carries one vote per share, does not share in distributions, and is paired with exchangeable Class B LLC Units.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Clipper Realty Inc. (CLPR) reported that director and 10% owner Sam Levinson received an assignment for no consideration of 188,354 Common Stock shares on September 30, 2026, leaving him with 270,557 shares held directly. On that date, 693,125 and 1,069,515 Special Voting Stock shares were assigned for no consideration to the Moric Bistricer 2014 Trust FBO Michelle Levinson and the Moric Bistricer 2016 Family Trust FBO Michelle Levinson, respectively. Levinson is trustee of the trusts and disclaims beneficial ownership of their reported securities except to the extent of his pecuniary interest. No Rule 10b5-1 plan is reported.
Insider Trade Summary
1,950,993.5 shares gifted
Gift
12 txns
Insider
Levinson Sam
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 188,354 | $0.00 | $0.00 |
| Gift | Special Voting Stock F3, F2 | 693,125 | $0.00 | $0.00 |
| Gift | Special Voting Stock F3, F2 | 1,069,514.5 | $0.00 | $0.00 |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Special Voting Stock F3 | -- | -- | -- |
| holding | Special Voting Stock F3 | -- | -- | -- |
| holding | Special Voting Stock F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 270,557 shares (Direct);
Special Voting Stock — 693,125 shares (Indirect, By The Moric Bistricer 2014 Trust FBO Michelle Levinson);
Special Voting Stock — 1,069,514.5 shares (Indirect, By The Moric Bistricer 2016 Family Trust FBO Michelle Levinson);
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);
Common Stock — 411,021 shares (Indirect, By Starburst 2016 II 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)
- F1. Represents an assignment of securities to the Reporting Person for no consideration.
- F2. Represents an assignment of securities for no consideration to a trust in which the Reporting Person is trustee. The Reporting Person disclaims beneficial ownership of the reported securities held by the trust except to the extent of his pecuniary interest therein.
- F3. 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. Holders of shares of Special Voting Stock own such shares by virtue of their ownership of Class B LLC Units of certain limited liability companies that are indirect subsidiaries of the Issuer, with which Units the shares of Special Voting Stock are paired on a one-to-one basis. 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.
- F4. Held through a profit sharing plan at National Financial Services LLC.
- F5. 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.
Key Figures
Common Stock assigned: 188,354 shares
Direct Common Stock holdings after transaction: 270,557 shares
Special Voting Stock assigned to the Moric Bistricer 2014 Trust FBO Michelle Levinson: 693,125 shares
+1 more
4 metrics
Common Stock assigned
188,354 shares
September 30, 2026; assigned to Sam Levinson for no consideration
Direct Common Stock holdings after transaction
270,557 shares
September 30, 2026
Special Voting Stock assigned to the Moric Bistricer 2014 Trust FBO Michelle Levinson
693,125 shares
September 30, 2026; assigned for no consideration
Special Voting Stock assigned to the Moric Bistricer 2016 Family Trust FBO Michelle Levinson
1,069,515 shares
September 30, 2026; assigned for no consideration
Key Terms
Special Voting Stock, Class B LLC Units, pecuniary interest, fair market value
4 terms
Special Voting Stock technical
"does not share in any distribution to stockholders"
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 technical
"ownership of Class B LLC Units of certain limited liability companies"
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
fair market value financial
"cash equal to the fair market value of a share of Common Stock"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What rights come with CLPR Special Voting Stock?
Each share carries one vote per share on matters on which Common Stock holders vote, subject to certain exceptions, but does not share in distributions to stockholders. Special Voting Stock is paired one-to-one with Class B LLC Units; together, they are exchangeable for cash equal to the fair market value of a Common Stock share or, at the issuer’s election, one Common Stock share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
