Clipper Realty director buys 9,084 shares
Clipper Realty Inc. (symbol: CLPR) is the issuer of record for a Form 4 filing submitted to the SEC.
Rhea-AI Filing Summary
Clipper Realty Inc. (symbol: CLPR) is the issuer of record for a Form 4 filing submitted to the SEC. Levinson Sam reported reported purchase transactions in this Form 4 filing.
Clipper Realty Inc. (CLPR) reported that director and ten percent owner Sam Levinson, through Starburst 2016 II LLC, in open-market transactions on September 14–15, 2026 at prices around $3.28–$3.30 per share, increasing his indirect position.
The Form 4 also lists 82,203 Common shares held directly, and additional indirect Common Stock holdings of 1,253,016 shares by Trapeze Inc., 136,782 by Trapeze D Holdings LLC, and 128,185 by ECL Holdings LLC, plus sizeable positions in Special Voting Stock through these entities.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 9,084 shares
Net Buy
11 txns
Insider
Levinson Sam
Role
Director, 10% Owner
Bought
9,084 shs ($30K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 4,315 | $3.30 | $14K |
| Purchase | Common Stock F1 | 4,769 | $3.2795 | $16K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Special Voting Stock F4 | -- | -- | -- |
| holding | Special Voting Stock F4 | -- | -- | -- |
| holding | Special Voting Stock F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 388,098 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 (4)
- 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 $3.2175 and $3.28 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.
- F2. Held through a profit sharing plan at National Financial Services LLC.
- F3. 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.
- F4. 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.
Key Figures
Shares purchased September 15, 2026: 4,315 shares of Common Stock
Shares purchased September 14, 2026: 4,769 shares of Common Stock
Total shares purchased: 9,084 shares of Common Stock
+5 more
8 metrics
Shares purchased September 15, 2026
4,315 shares of Common Stock
Indirect purchase through Starburst 2016 II LLC at $3.30 per share
Shares purchased September 14, 2026
4,769 shares of Common Stock
Indirect purchase through Starburst 2016 II LLC at $3.2795 weighted-average price
Total shares purchased
9,084 shares of Common Stock
Combined open-market purchases on September 14–15, 2026
Price range for September 14 trades
$3.2175–$3.28 per share
Footnote F1 range for trades included in weighted-average price
Direct Common Stock holding
82,203 shares
Common Stock held directly by the reporting person as of September 14, 2026
Indirect Common Stock via Trapeze Inc.
1,253,016 shares
Common Stock held indirectly by Trapeze Inc., a Delaware corporation
Special Voting Stock via Trapeze Inc.
4,464,692 shares
Special Voting Stock held indirectly by Trapeze Inc.
Special Voting Stock via ECL Holdings LLC
1,469,548 shares
Special Voting Stock held indirectly by ECL Holdings LLC
Key Terms
Special Voting Stock, Class B LLC Units, weighted average price, profit sharing plan, +1 more
5 terms
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"
fair market value financial
"for an amount of 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 insider buying did CLPR director Sam Levinson report on this Form 4?
He reported two open-market purchases totaling 9,084 CLPR Common shares through Starburst 2016 II LLC on September 14–15, 2026, at prices around $3.28–$3.30 per share, based on the transaction detail and weighted-average price disclosure.
What indirect CLPR common stock holdings are disclosed for Sam Levinson?
Indirect holdings reported include 1,253,016 Common shares by Trapeze Inc., 136,782 by Trapeze D Holdings LLC, and 128,185 by ECL Holdings LLC, each described as indirect ownership of CLPR Common Stock through those entities.
What Special Voting Stock of CLPR is associated with Sam Levinson’s entities?
The Form 4 shows Special Voting Stock holdings of 4,464,692 shares by Trapeze Inc., 1,362,039 by Trapeze D Holdings LLC, and 1,469,548 by ECL Holdings LLC. A footnote explains this class provides voting rights but no economic distributions.
Was the CLPR insider trading under a Rule 10b5-1 trading plan?
The document-level Rule 10b5-1 checkbox is not checked, and the footnotes do not state that the transactions were made pursuant to a Rule 10b5-1 trading plan, so no such plan is reported for these purchases.
AI-generated analysis. How Rhea-AI works. Not financial advice.
