STOCK TITAN

Clipper Realty director buys 8,063 shares

(Neutral)
(Positive)
Form Type
4

Rhea-AI Filing Summary

Clipper Realty Inc. (CLPR) director and ten percent owner Sam Levinson, through Starburst 2016 II LLC, purchased a total of 8,063 shares of Common Stock in open-market transactions on August 31, September 1, and September 2, 2026 at weighted average prices around $3.19–$3.25 per share. Levinson also reports direct ownership of 82,203 Common shares and additional indirect holdings of Common and Special Voting Stock through Trapeze Inc., Trapeze D Holdings LLC, and ECL Holdings LLC. No Rule 10b5-1 trading plan is reported.

Positive

  • None.

Negative

  • None.
Insider Levinson Sam
Role Director, 10% Owner
Bought 8,063 shs ($26K)
Type Security Shares Price Value
Purchase Common Stock F3 5,387 $3.2462 $17K
Purchase Common Stock F2 934 $3.1971 $3K
Purchase Common Stock F1 1,742 $3.2494 $6K
holding Common Stock -- -- --
holding Common Stock F4 -- -- --
holding Common Stock F5 -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Special Voting Stock F6 -- -- --
holding Special Voting Stock F6 -- -- --
holding Special Voting Stock F6 -- -- --
Holdings After Transaction: Common Stock — 261,462 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 (6)
  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 $3.245 and $3.25 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 $3.19 and $3.20 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. 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 $3.225 and $3.25 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.
  4. F4. Held through a profit sharing plan at National Financial Services LLC.
  5. 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.
  6. F6. 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 8,063 shares Open-market purchases by Starburst 2016 II LLC on August 31, September 1, and September 2, 2026
August 31, 2026 purchase 1,742 shares at weighted average price about $3.25 per share Open-market Common Stock purchase; price range $3.245–$3.25
September 1, 2026 purchase 934 shares at weighted average price about $3.20 per share Open-market Common Stock purchase; price range $3.19–$3.20
September 2, 2026 purchase 5,387 shares at weighted average price about $3.25 per share Open-market Common Stock purchase; price range $3.225–$3.25
Direct Common Stock holdings 82,203 shares Common Stock held directly by Sam Levinson as of August 31, 2026
Indirect Common Stock via Trapeze Inc. 1,253,016 shares Common Stock held indirectly through Trapeze Inc.
Special Voting Stock via Trapeze Inc. 4,464,692 shares Special Voting Stock held indirectly through Trapeze Inc.
Special Voting Stock via Trapeze D Holdings LLC 1,362,039 shares Special Voting Stock held indirectly through Trapeze D Holdings LLC
Special Voting Stock financial
"Special Voting Stock is a class of stock of the Issuer that does not share in any distribution"
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 that are indirect subsidiaries"
weighted average price financial
"The price is the weighted average price for the acquisitions reported on this Form 4"
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"
ten percent owner regulatory
"reporting person is identified as a director and ten percent owner"

FAQ

What insider buying did CLPR report for Sam Levinson in this Form 4?

The Form 4 reports that 8,063 CLPR Common shares were purchased in open-market transactions on August 31, September 1, and September 2, 2026 by Starburst 2016 II LLC, an entity associated with director and ten percent owner Sam Levinson.

At what prices were the CLPR shares bought in this Form 4?

The reported purchases used weighted average prices. On August 31, 2026, prices ranged between $3.245 and $3.25; on September 1, 2026, between $3.19 and $3.20; and on September 2, 2026, between $3.225 and $3.25 per CLPR Common share.

How many CLPR shares does Sam Levinson hold directly after these transactions?

The filing shows that Sam Levinson holds 82,203 shares of Clipper Realty Inc. Common Stock directly as of August 31, 2026. Additional CLPR-related interests are held indirectly through several entities.

What indirect CLPR Common Stock holdings are reported for entities linked to Sam Levinson?

Indirect Common Stock holdings reported include 1,253,016 shares by Trapeze Inc., 136,782 shares by Trapeze D Holdings LLC, and 128,185 shares by ECL Holdings LLC, all entities associated with Sam Levinson.

Were these CLPR insider purchases made under a Rule 10b5-1 plan?

No. The filing’s Rule 10b5-1 checkbox is not marked, and there is no footnote indicating that the reported CLPR share purchases were made pursuant to a Rule 10b5-1 trading plan.

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)
08/31/2026
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 Stock08/31/2026P1,742A$3.2494(1)255,141IBy Starburst 2016 II LLC, a Delaware limited liability company
Common Stock09/01/2026P934A$3.1971(2)256,075IBy Starburst 2016 II LLC, a Delaware limited liability company
Common Stock09/02/2026P5,387A$3.2462(3)261,462IBy Starburst 2016 II LLC, a Delaware limited liability company
Common Stock82,203D
Common Stock57,099ISee Footnote(4)
Common Stock26,895ISee Footnote(5)
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(6)4,464,692IBy Trapeze Inc., a Delaware corporation
Special Voting Stock(6)1,362,039IBy Trapeze D Holdings LLC, a Delaware limited liability company
Special Voting Stock(6)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 $3.245 and $3.25 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 $3.19 and $3.20 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. 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 $3.225 and $3.25 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.
4. Held through a profit sharing plan at National Financial Services LLC.
5. 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.
6. 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 Levinson09/02/2026
** 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)