Centerspace (CSR) CEO Anne Olson receives 13,437 restricted stock units

Rhea-AI Filing Summary

Centerspace reported an equity award to its President, CEO and Secretary, Anne Olson, in the form of restricted stock units. On 01/01/2026, she acquired 13,437 restricted stock units at an exercise price of $0, each tied to a future issuance of one common share of beneficial interest.

The award is time-based and vests in three equal annual installments. One third of the 13,437 units is scheduled to vest on each anniversary of the grant date, specifically on January 1, 2027, 2028 and 2029. The units are reported as directly owned derivative securities and are a form of stock-based compensation rather than an open-market purchase.

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

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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^*

Olson Anne

(Last) (First) (Middle)

C/O CENTERSPACE

1324 20TH AVENUE SW

(Street)

MINOT ND 58701

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CENTERSPACE [ CSR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, CEO & Secretary

3. Date of Earliest Transaction (Month/Day/Year)
01/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	01/01/2026		A		13,437(1)		01/01/2027	01/01/2029	Common Shares of Beneficial Interest	13,437	$0	13,437	D

Explanation of Responses:

1. Represents a time-based contingent right to receive 13,437 common shares of beneficial interest of Centerspace vesting over three years in one-third increments on each anniversary of the grant date: January 1, 2027, 2028 and 2029.

Remarks:

	Anne Olson	01/05/2026
	** 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).
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FAQ

What insider transaction did Centerspace (CSR) disclose for Anne Olson?

Centerspace disclosed that its President, CEO and Secretary, Anne Olson, received an award of 13,437 restricted stock units on 01/01/2026. These units represent a contingent right to receive common shares of beneficial interest in the future.

How many restricted stock units were granted to the Centerspace CEO?

The filing shows a grant of 13,437 restricted stock units to the Centerspace CEO. Each unit is linked to one common share of beneficial interest, subject to vesting conditions.

What is the vesting schedule for Anne Olson’s Centerspace restricted stock units?

The 13,437 restricted stock units vest over three years in equal installments. One third of the award vests on each anniversary of the grant date, specifically on January 1, 2027, 2028 and 2029, if the applicable conditions are met.

What is the exercise or conversion price of the Centerspace restricted stock units?

The filing reports a conversion or exercise price of $0 for the restricted stock units granted to Anne Olson. This indicates that, upon vesting, the units convert to common shares without additional cash payment.

Is Anne Olson’s Centerspace equity award reported as a derivative security?

Yes. The grant is listed in Table II – Derivative Securities as restricted stock units, with 13,437 units underlying an equal number of common shares of beneficial interest.

What is Anne Olson’s role at Centerspace as noted in the filing?

The filing identifies Anne Olson as an officer of Centerspace, serving as President, CEO & Secretary. The Form 4 is filed as a single reporting person filing.