Centerspace (NYSE: CSR) director receives 1,337 restricted stock units grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Centerspace director Jay L. Rosenberg received a grant of 1,337 restricted stock units (RSUs). These RSUs represent a contingent right to receive an equal number of Centerspace common shares of beneficial interest, vesting on May 13, 2027. The grant is compensation-related, with no cash paid by Rosenberg and no open-market buying or selling involved. Following this award, his reported RSU holdings from this grant total 1,337 units, which will convert into common shares only if the vesting conditions are satisfied.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Rosenberg Jay L.

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)

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Key Figures

RSUs granted: 1,337 units Price per RSU: $0.00 RSUs after transaction: 1,337 units +3 more

6 metrics

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

Price per RSU $0.00 Grant/award acquisition with no cash exercise price

RSUs after transaction 1,337 units Total RSUs held from this grant following the award

Underlying common shares 1,337 shares Common shares of beneficial interest deliverable upon vesting

Vesting date May 13, 2027 RSUs vest on this date if conditions are satisfied

Expiration date field May 13, 2027 Reported as expiration date for the RSU award

Key Terms

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

4 terms

Restricted Stock Units financial

"security_title: "Restricted Stock Units""

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

"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""

contingent right financial

"Represents a contingent right to receive common shares of beneficial interest"

Form 4 Insider Transactions: What Each Field Means →

05/14/2026 - 04:39 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^*

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)

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)
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)

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	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 Jay Rosenberg	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)

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 received a grant of 1,337 restricted stock units. These units are a form of equity compensation and will convert into common shares of beneficial interest only when they vest, rather than reflecting an open-market stock purchase or sale.

How many restricted stock units did the Centerspace (CSR) director receive?

Jay L. Rosenberg was granted 1,337 restricted stock units. Each RSU entitles him to receive one Centerspace common share of beneficial interest upon vesting, aligning his compensation with shareholder value without requiring him to pay any cash exercise price for the award.

When do Jay L. Rosenberg’s Centerspace (CSR) RSUs vest?

The 1,337 restricted stock units granted to Jay L. Rosenberg vest on May 13, 2027. Until that date, they represent a contingent right to receive common shares of beneficial interest, meaning he must satisfy the vesting conditions before shares are actually delivered.

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

The Form 4 shows an equity award, not a market trade. Jay L. Rosenberg acquired 1,337 restricted stock units as a grant, with no cash price per unit and no open-market buying or selling, reflecting standard director compensation rather than an investment decision.

What does a grant of restricted stock units mean for Centerspace (CSR) investors?

The RSU grant to director Jay L. Rosenberg represents routine equity-based compensation. It gives him a contingent right to 1,337 Centerspace common shares upon vesting, which helps align his interests with shareholders but does not immediately change the public share float or trading activity.

How many RSUs does Jay L. Rosenberg hold after this Centerspace (CSR) filing?

After this reported transaction, Jay L. Rosenberg holds 1,337 restricted stock units from this grant. These units will convert into an equal number of Centerspace common shares of beneficial interest only when they vest on May 13, 2027, assuming all vesting conditions are met.