Centerspace (CSR) director converts 1,446 RSUs into common shares, holds 6,177

Rhea-AI Filing Summary

Centerspace director Rodney Jones-Tyson exercised equity awards, increasing his direct shareholdings. On June 1, 2026, 1,446 Restricted Stock Units converted into 1,446 Common Shares of Beneficial Interest at a stated price of $0.00 per unit.

Following this derivative exercise, Jones-Tyson directly holds 6,177 Common Shares of Beneficial Interest. The transaction reflects routine equity compensation vesting rather than an open‑market purchase or sale, and no remaining Restricted Stock Units are shown after this conversion.

Insider Trade Summary

1,446 shares exercised/converted

Mixed 2 txns

Insider Jones-Tyson Rodney

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 — 6,177 shares (Direct, null)

Footnotes (1)

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Key Figures

RSUs exercised: 1,446 units Common shares acquired via RSU conversion: 1,446 shares Holdings after transaction: 6,177 shares +2 more

5 metrics

RSUs exercised 1,446 units Restricted Stock Units converted on June 1, 2026

Common shares acquired via RSU conversion 1,446 shares Common Shares of Beneficial Interest received from RSUs

Holdings after transaction 6,177 shares Common Shares of Beneficial Interest held directly post-transaction

Exercise price per RSU $0.00 per unit Stated conversion or exercise price for RSUs

Remaining RSUs from this award 0 units Restricted Stock Units balance after conversion

Key Terms

Restricted Stock Units, Common Shares of Beneficial Interest, derivative security, contingent right

4 terms

Restricted Stock Units financial

"The filing lists 1,446 Restricted Stock Units as a derivative security."

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

"Transactions involve Common Shares of Beneficial Interest as the underlying security."

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 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^*

Jones-Tyson Rodney

(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)
			Code	V	Amount	(A) or (D)	Price
Common Shares of Beneficial Interest	06/01/2026		M		1,446(1)	A	$0	6,177	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
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, Attorney in Fact for Rodney Jones-Tyson	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)

FAQ

What insider transaction did Centerspace (CSR) report for Rodney Jones-Tyson?

Centerspace reported that director Rodney Jones-Tyson exercised 1,446 Restricted Stock Units into 1,446 Common Shares of Beneficial Interest. This was a derivative exercise at a stated price of $0.00 per unit, reflecting routine equity compensation rather than an open-market stock purchase or sale.

How many Centerspace (CSR) shares does Rodney Jones-Tyson hold after this Form 4?

After the reported transactions, Rodney Jones-Tyson directly holds 6,177 Common Shares of Beneficial Interest in Centerspace. This total comes after converting 1,446 Restricted Stock Units into common shares, with no remaining Restricted Stock Units reported in this filing.

Did Rodney Jones-Tyson buy or sell Centerspace (CSR) shares on the market?

The filing does not show any open-market buying or selling by Rodney Jones-Tyson. Instead, it reports a derivative exercise: 1,446 Restricted Stock Units converted into 1,446 common shares at a stated price of $0.00, a typical equity compensation event.

What does the 1,446 Restricted Stock Units transaction mean for Centerspace (CSR) investors?

The 1,446 Restricted Stock Units were equity awards that converted into 1,446 common shares for director Rodney Jones-Tyson. This represents routine compensation vesting, not a cash sale or purchase, and simply increases his direct ownership stake to 6,177 common shares.

Were any derivative securities remaining for Rodney Jones-Tyson after this Centerspace (CSR) Form 4?

The derivative section shows 1,446 Restricted Stock Units exercised into common shares and a remaining balance of 0 derivative units. This indicates all reported Restricted Stock Units in this filing were fully converted, leaving no outstanding RSUs from this specific award.