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Centerspace (NYSE: CSR) director converts 1,446 RSUs into common shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Centerspace director Jay L. Rosenberg exercised 1,446 restricted stock units into common shares of beneficial interest. These RSUs converted on a one-for-one basis into common shares at no cash exercise price. Following the transaction, he directly holds 2,587 common shares of beneficial interest.

Positive

  • None.

Negative

  • None.
Insider Rosenberg Jay L.
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 1,446 $0.00 --
Exercise Common Shares of Beneficial Interest 1,446 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Shares of Beneficial Interest — 2,587 shares (Direct, null)
Footnotes (1)
  1. [object Object]
RSUs exercised 1,446 units Restricted Stock Units converted into common shares on 2026-06-01
Common shares acquired 1,446 shares Common Shares of Beneficial Interest received from RSU conversion
Holdings after transaction 2,587 shares Total common shares of beneficial interest held directly after exercise
Exercise price per RSU $0.0000 per unit Reported conversion/exercise price for restricted stock units
Restricted Stock Units financial
"The transaction involved "Restricted Stock Units" that converted into common shares."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Common Shares of Beneficial Interest financial
"Security title is listed as "Common Shares of Beneficial Interest"."
Common Shares of Beneficial Interest are units that represent ownership in a company or organization, like owning a piece of a pie. They give investors voting rights and a chance to share in profits, making them important for those looking to invest and have a say in how the organization is run.
derivative security financial
"The transaction code description is "Exercise or conversion of derivative security"."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one common share."
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Form 4 Insider Transactions: What Each Field Means →
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*
Rosenberg Jay L.
(Last)(First)(Middle)
C/O CENTERSPACE
1324 20TH AVENUE SW
(Street)
MINOT NORTH DAKOTA 58701
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
CENTERSPACE [ CSR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		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 Shares of Beneficial Interest06/01/2026M1,446(1)A$02,587D
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
Restricted Stock Units$006/01/2026M1,446(1)06/01/202606/01/2026Common Shares of Beneficial Interest1,446$00D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one common share of beneficial interest of Centerspace.
Remarks:
Bhairav Patel, Attorney in Fact for Jay Rosenberg06/02/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Centerspace (CSR) report for Jay L. Rosenberg?

Centerspace reported that director Jay L. Rosenberg exercised 1,446 restricted stock units into common shares. The RSUs converted on a one-for-one basis, increasing his direct holdings to 2,587 common shares of beneficial interest after the transaction.

Did the Centerspace (CSR) director sell any shares in this Form 4 filing?

No, the Form 4 shows no share sales. Jay L. Rosenberg exercised 1,446 restricted stock units, converting them into common shares. The transaction reflects an acquisition through derivative exercise, not an open-market purchase or sale of Centerspace shares.

How many Centerspace (CSR) shares does Jay L. Rosenberg hold after this transaction?

After exercising 1,446 restricted stock units, Jay L. Rosenberg directly holds 2,587 common shares of beneficial interest in Centerspace. This total reflects his position immediately following the derivative exercise reported in the Form 4 filing.

What type of security was involved in the Centerspace (CSR) insider transaction?

The transaction involved restricted stock units that converted into common shares of beneficial interest. Each restricted stock unit represented a contingent right to receive one common share of Centerspace, and 1,446 units were exercised into 1,446 common shares.

Was there a cash exercise price for the Centerspace (CSR) restricted stock units?

The Form 4 reports a per-unit transaction and exercise price of $0.0000 for the restricted stock units. This indicates the RSUs converted into common shares of beneficial interest without a cash exercise price paid at conversion.