Centerspace (NYSE: CSR) CEO boosts stake via 5,492 RSU exercise

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Centerspace President and CEO Anne Olson exercised 5,492 restricted stock units into common shares. These RSUs converted into 5,492 Common Shares of Beneficial Interest at a stated price of $0.00 per share. Of these, 2,875 shares were withheld at $57.45 per share to cover tax obligations in connection with the vesting. After the transactions, Olson directly holds 30,226 common shares, reflecting a net increase in her equity position and no open derivative position from these RSUs.

Insider Trade Summary

5,492 shares exercised/converted

Mixed 3 txns

Insider Olson Anne

Role President, CEO & Secretary

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	5,492	$0.00	--
Exercise	Common Shares of Beneficial Interest	5,492	$0.00	--
Tax Withholding	Common Shares of Beneficial Interest	2,875	$57.45	$165K

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Shares of Beneficial Interest — 33,101 shares (Direct)

Footnotes (1)

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Key Figures

RSUs exercised: 5,492 units Shares withheld for taxes: 2,875 shares Tax withholding price: $57.45 per share +2 more

5 metrics

RSUs exercised 5,492 units Restricted Stock Units converted to common shares on March 31, 2026

Shares withheld for taxes 2,875 shares Common shares withheld to cover tax obligations on March 31, 2026

Tax withholding price $57.45 per share Value used for shares withheld to pay taxes

Shares after exercise before tax withholding 33,101 shares Direct common shares following RSU exercise, before F-code tax withholding

Direct holdings after transactions 30,226 shares Anne Olson’s direct common share ownership after RSU vesting and tax withholding

Key Terms

Restricted Stock Units, derivative exercise/conversion, tax-withholding disposition, Common Shares of Beneficial Interest

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.

derivative exercise/conversion financial

"transaction_action: "derivative exercise/conversion""

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

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.

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 04:15 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^*

Olson Anne

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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	03/31/2026		M		5,492	A	$0	33,101	D
Common Shares of Beneficial Interest	03/31/2026		F		2,875⁽¹⁾	D	$57.45	30,226	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	03/31/2026		M			5,492	03/31/2026	03/31/2026	Common Shares of Beneficial Interest	5,492	$0	0	D

Explanation of Responses:

1. Shares withheld for payment of taxes in connection with the vesting of restricted stock units.

Remarks:

	Bhairav Patel, Attorney infact for Anne Olson	04/02/2026
	** 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 CSR President and CEO Anne Olson report?

Anne Olson exercised 5,492 restricted stock units into common shares. This conversion reflects compensation vesting rather than an open-market trade, increasing her direct ownership in Centerspace while closing out this specific RSU position.

How many Centerspace shares did Anne Olson receive and retain from her RSU vesting?

Olson received 5,492 common shares from vested RSUs and had 2,875 shares withheld for taxes. The transactions left her with 30,226 directly held common shares, representing a net increase in her ownership stake.

Were any of Anne Olson’s Centerspace transactions open-market sales or purchases?

The reported transactions show an RSU exercise and tax withholding, not open-market trades. Code M reflects derivative exercise, and code F reflects shares withheld to satisfy tax obligations tied to the RSU vesting.

At what price were Centerspace shares withheld for Anne Olson’s tax obligations?

A total of 2,875 Centerspace common shares were withheld at $57.45 per share. These shares covered tax liabilities arising from the vesting of Olson’s restricted stock units, rather than being discretionary market sales.

What is Anne Olson’s direct Centerspace shareholding after these Form 4 transactions?

Following the RSU exercise and related tax withholding, Olson directly holds 30,226 Centerspace common shares. This figure reflects her updated equity position after the vesting event and associated tax-share withholding.