Centerspace (CSR) director Ola Oyinsan awarded 1,337 restricted stock units

Rhea-AI Filing Summary

CENTERSPACE director Ola Oyinsan received a grant of 1,337 restricted stock units (RSUs) on May 13, 2026. These RSUs are a contingent right to receive an equal number of common shares of beneficial interest, scheduled to vest on May 13, 2027.

Following this compensation-related award, Oyinsan is reported as holding 1,337 RSUs directly, with no exercise price and no open‑market buying or selling involved. The award reflects standard equity-based director compensation rather than a discretionary market transaction.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hixon Ola Oyinsan

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,337	$0.00	--

Holdings After Transaction: Restricted Stock Units — 1,337 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSUs granted: 1,337 units Underlying shares: 1,337 shares Exercise price: $0.00 per unit +2 more

5 metrics

RSUs granted 1,337 units Restricted stock units granted to director on May 13, 2026

Underlying shares 1,337 shares Common shares of beneficial interest underlying the RSUs

Exercise price $0.00 per unit Grant/award acquisition with no exercise price

Post-transaction RSU holdings 1,337 units Total RSUs reported following the transaction

RSU vesting date May 13, 2027 Scheduled vesting date for the contingent right to shares

Key Terms

Restricted Stock Units, contingent right, Common Shares of Beneficial Interest, Grant, award, or other acquisition

4 terms

Restricted Stock Units financial

"Represents a contingent right to receive common shares of beneficial interest of Centerspace, vesting on May 13, 2027."

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.

contingent right financial

"Represents a contingent right to receive common shares of beneficial interest of Centerspace, vesting on May 13, 2027."

Common Shares of Beneficial Interest financial

"underlying_security_title: 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.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Form 4 Insider Transactions: What Each Field Means →

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^*

Hixon Ola Oyinsan

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026

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

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
Restricted Stock Units	$0	05/13/2026		A		1,337		(1)	05/13/2027	Common Shares of Beneficial Interest	1,337	$0	1,337	D

Explanation of Responses:

1. Represents a contingent right to receive common shares of beneficial interest of Centerspace, vesting on May 13, 2027.

Remarks:

	Bhairav Patel, Attorney in Fact for Ola Oyinsan Hixon	05/14/2026
	** 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)

FAQ

What insider transaction did CENTERSPACE (CSR) report for director Ola Oyinsan?

CENTERSPACE reported a grant of 1,337 restricted stock units to director Ola Oyinsan. This award represents equity-based compensation, giving him a contingent right to receive common shares rather than an open-market purchase or sale of existing stock.

How many restricted stock units did Ola Oyinsan receive from CENTERSPACE (CSR)?

Ola Oyinsan received 1,337 restricted stock units from CENTERSPACE. Each unit represents a contingent right to receive one common share of beneficial interest, aligning director compensation with shareholder value through future share delivery instead of immediate cash payment.

When do Ola Oyinsan’s CENTERSPACE (CSR) RSUs vest?

The 1,337 restricted stock units granted to Ola Oyinsan vest on May 13, 2027. Vesting means he will then receive the underlying common shares of beneficial interest, assuming the standard conditions of the award are satisfied through that date.

Is Ola Oyinsan’s CENTERSPACE (CSR) RSU grant an open-market stock purchase?

No, the RSU grant is not an open-market stock purchase. It is a compensation award with a zero exercise price, giving a contingent right to receive 1,337 shares in the future instead of reflecting buying activity in the public market.

What are Ola Oyinsan’s reported CENTERSPACE (CSR) holdings after this Form 4?

After the reported transaction, Ola Oyinsan holds 1,337 restricted stock units. These units correspond to 1,337 underlying common shares of beneficial interest, payable upon vesting, and are reported as directly owned derivative securities in the Form 4 filing.