Clipper Realty COO buys 73,500 shares, gifts 63,000

The report includes both a direct purchase and an indirect gift held as custodian for his children and a grandchild.

Rhea-AI Filing Summary

Clipper Realty Inc. Chief Operating Officer Jacob Bistricer purchased 73,500 common shares on September 28, 2026, at a weighted average price of $3.35 per share; the reported purchase prices ranged from $3.265 to $3.42 per share. His reported direct holdings after the purchase were 73,500 shares. He also reported a 63,000-share gift disposition from shares held indirectly as custodian for his children and a grandchild; his reported indirect holdings afterward were 63,000 shares. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Buyer: 73,500 shares

Net Buy 2 txns

Insider Bistricer Jacob

Role Chief Operating Officer

Bought 73,500 shs ($246K)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1	73,500	$3.35	$246K
Gift	Common Stock	63,000	$0.00	$0.00

Holdings After Transaction: Common Stock — 73,500 shares (Direct); Common Stock — 63,000 shares (Indirect, As custodian for his children and a grandchild)

Footnotes (1)

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 $3.265 and $3.42 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.

Key Figures

Shares purchased: 73,500 shares Weighted average purchase price: $3.35 per share Reported purchase price range: $3.265 to $3.42 per share +3 more

6 metrics

Shares purchased 73,500 shares September 28, 2026

Weighted average purchase price $3.35 per share Common shares purchased

Reported purchase price range $3.265 to $3.42 per share Acquisitions reported on the Form 4

Direct shares after purchase 73,500 shares Reported following the September 28, 2026 purchase

Gift disposition 63,000 shares September 28, 2026; held indirectly as custodian for his children and a grandchild

Indirect shares after gift disposition 63,000 shares Reported following the September 28, 2026 transaction

Key Terms

weighted average price, Bona fide gift, security holder

3 terms

weighted average price financial

"The price is the weighted average price for the acquisitions"

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.

Bona fide gift regulatory

"Bona fide gift"

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

security holder regulatory

"a security holder of the Issuer"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many CLPR shares did Jacob Bistricer buy, and at what price?

Jacob Bistricer purchased 73,500 shares on September 28, 2026, at a weighted average price of $3.35 per share. The reported purchase prices ranged from $3.265 to $3.42 per share. No Rule 10b5-1 plan is reported.

How many CLPR shares did Jacob Bistricer give as a gift?

He reported a 63,000-share gift disposition on September 28, 2026, involving shares held indirectly as custodian for his children and a grandchild. His reported indirect holdings afterward were 63,000 shares.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 09/30/2026 - 05:51 PM Accepted by SEC EDGAR 09/30/2026 - 05:51 PM Learn about SEC filing dates

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^*

Bistricer Jacob

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/28/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/28/2026		P		73,500	A	$3.35(1)	73,500	D
Common Stock	09/28/2026		G		63,000	D	$0	63,000	I	As custodian for his children and a grandchild

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. 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 $3.265 and $3.42 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.

	/s/ Jacob Bistricer	09/30/2026
	** 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.
* Form 4: SEC 1474 (03-26)