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

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Centerspace director Mary J. Twinem exercised restricted stock units into common shares. On 2026-06-01, 1,446 restricted stock units converted into 1,446 Common Shares of Beneficial Interest at a stated price of $0.00 per share, reflecting equity compensation rather than an open‑market purchase.

After this derivative exercise, Twinem directly holds 11,566 common shares. The related restricted stock unit award is now fully settled, with no remaining derivative position reported in this filing.

Insider Trade Summary

1,446 shares exercised/converted

Mixed 2 txns

Insider TWINEM MARY J

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 — 11,566 shares (Direct, null)

Footnotes (1)

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Key Figures

RSUs exercised: 1,446 units Common shares received: 1,446 shares Stated exercise price: $0.00 per share +2 more

5 metrics

RSUs exercised 1,446 units Restricted stock units converted on June 1, 2026

Common shares received 1,446 shares Common Shares of Beneficial Interest issued on conversion

Stated exercise price $0.00 per share Price per share for RSU conversion

Shares owned after transaction 11,566 shares Direct holdings following June 1, 2026 exercise

Derivative exercises in filing 1 transaction, 1,446 shares Exercise or conversion of derivative security (Code M)

Key Terms

Restricted Stock Units, Common Shares of Beneficial Interest, Exercise or conversion of derivative security, derivative exercise/conversion, +1 more

5 terms

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.

Exercise or conversion of derivative security financial

"Transaction code M is described as "Exercise or conversion of derivative security"."

derivative exercise/conversion financial

"transaction_action is specified as "derivative exercise/conversion" for both entries."

contingent right financial

"Footnote states 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 →

06/02/2026 - 05:22 PM

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^*

TWINEM MARY J

(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)
06/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares of Beneficial Interest	06/01/2026		M		1,446⁽¹⁾	A	$0	11,566	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0	06/01/2026		M			1,446⁽¹⁾	06/01/2026	06/01/2026	Common Shares of Beneficial Interest	1,446	$0	0	D

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, as Attorney in Fact for Mary J. Twinem	06/02/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Centerspace (CSR) report for Mary J. Twinem?

Centerspace reported that director Mary J. Twinem exercised 1,446 restricted stock units into an equal number of common shares. This is a derivative conversion related to equity compensation, not an open‑market stock purchase or sale.

How many Centerspace (CSR) shares does Mary J. Twinem hold after this Form 4?

After the reported transaction, Mary J. Twinem directly owns 11,566 Common Shares of Beneficial Interest in Centerspace. This amount reflects her holdings following the conversion of 1,446 restricted stock units into common shares on June 1, 2026.

Was the Centerspace (CSR) Form 4 transaction a stock sale or purchase?

The Form 4 shows a derivative exercise, not a market sale or purchase. Mary J. Twinem converted 1,446 restricted stock units into common shares at a stated price of $0.00, consistent with equity compensation vesting rather than trading in the open market.

What type of securities were involved in Mary J. Twinem’s Centerspace (CSR) transaction?

The transaction involved restricted stock units and common shares of beneficial interest. Each restricted stock unit represented a contingent right to receive one common share, and 1,446 units converted into 1,446 common shares on June 1, 2026.

Does Mary J. Twinem have any remaining derivative positions in Centerspace (CSR) after this filing?

According to the filing, no remaining derivative positions are listed after this transaction. The 1,446 restricted stock units were fully converted into common shares, and the derivative summary section shows no outstanding derivative securities for this award.