Centerspace (NYSE: CSR) director converts 2,297 RSUs into common shares

Rhea-AI Filing Summary

Centerspace director John A. Schissel exercised restricted stock units into common shares. On June 1, 2026, he converted 2,297 restricted stock units into 2,297 Common Shares of Beneficial Interest at an exercise price of $0 per share. After this transaction, he directly holds 16,695 common shares and no remaining restricted stock units.

Insider Trade Summary

2,297 shares exercised/converted

Mixed 2 txns

Insider Schissel John A

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	2,297	$0.00	--
Exercise	Common Shares of Beneficial Interest	2,297	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Shares of Beneficial Interest — 16,695 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSUs exercised: 2,297 units Common shares acquired: 2,297 shares Exercise price: $0.00 per share +1 more

4 metrics

RSUs exercised 2,297 units Restricted stock units converted on June 1, 2026

Common shares acquired 2,297 shares Common Shares of Beneficial Interest received from RSU conversion

Exercise price $0.00 per share Conversion of restricted stock units into common shares

Shares held after 16,695 shares Direct holdings of Common Shares of Beneficial Interest post-transaction

Key Terms

Restricted Stock Units, derivative security, Common Shares of Beneficial Interest, 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 security financial

"transaction_code_description: "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.

Common Shares of Beneficial Interest financial

"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.

beneficial interest financial

"Each restricted stock unit represents a contingent right to receive one common share of beneficial interest of Centerspace."

Beneficial interest is the right to receive the economic benefits of an asset—such as dividends, interest, or sale proceeds—without necessarily holding legal title to it. For investors this matters because it determines who actually gains from an investment or trust, much like renting an apartment where the tenant enjoys living there and paying bills while the landlord holds the deed; understanding who has the beneficial interest affects income rights, voting influence, and risk exposure.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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^*

Schissel John A

(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		2,297(1)	A	$0	16,695	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			2,297(1)	06/01/2026	06/01/2026	Common Shares of Beneficial Interest	2,297	$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 John Schissel	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) director John A. Schissel report?

John A. Schissel exercised 2,297 restricted stock units into 2,297 Common Shares of Beneficial Interest. The transaction occurred on June 1, 2026, at an exercise price of $0 per share, reflecting compensation-related equity rather than an open-market purchase or sale.

How many Centerspace (CSR) shares does John A. Schissel hold after this transaction?

After exercising 2,297 restricted stock units, John A. Schissel directly holds 16,695 Common Shares of Beneficial Interest. This figure represents his direct ownership position following the conversion of the restricted stock units and does not include any additional derivative securities.

Did John A. Schissel buy or sell Centerspace (CSR) shares in the open market?

No open-market buy or sell occurred. Schissel exercised 2,297 restricted stock units into an equal number of common shares at $0 per share. This was an equity award conversion, not a market trade, and did not involve tax-withholding or gift transactions.

What happened to John A. Schissel’s restricted stock units in Centerspace (CSR)?

Schissel converted 2,297 restricted stock units into 2,297 common shares on June 1, 2026. Following this exercise, his remaining restricted stock unit balance reported in this record is zero, meaning all of the reported units have been settled into common shares.

Were any derivative securities left after John A. Schissel’s Centerspace (CSR) transaction?

No additional derivative securities are shown after this transaction. The 2,297 restricted stock units were fully converted into 2,297 common shares, leaving zero restricted stock units outstanding in this record and no remaining derivative positions listed for Schissel.