Easterly Gov’t Properties Director Boosts Stake After Reverse Split

Rhea-AI Filing Summary

Form 4 overview: Director Cynthia A. Fisher reported the grant of 5,499 Easterly Government Properties (DEA) common shares on 18 Jun 2025 under transaction code "A" (equity award). The award was issued at $0.00 as part of the company’s 2024 Equity Incentive Plan and will vest on the earlier of the next annual meeting or one year from grant, contingent upon continued board service.

Following the grant, Fisher’s direct holdings rise to 47,136 shares. She also maintains 12,134 indirect shares through two retirement plans she administers (8,377 via a pension plan and 3,757 via a profit-sharing trust). All share amounts are presented on a post-split basis after DEA’s 1-for-2.5 reverse split completed 28 Apr 2025.

No derivative securities were reported. The filing represents a routine director compensation event rather than an open-market purchase or sale, and therefore carries limited immediate market impact, but it modestly increases insider alignment with shareholders.

Positive

• Increased insider ownership: Director Fisher’s direct stake rises by 5,499 shares, improving management-shareholder alignment.

Negative

• No open-market purchase: Shares were granted at $0.00, so the transaction does not indicate incremental cash commitment or valuation view.

Insights

Securities Analyst

TL;DR: Routine equity grant boosts director’s direct stake by ~12%; neutral market impact.

The 5,499-share grant increases Fisher’s direct ownership to 47,136 shares, enhancing alignment but not signaling incremental conviction because the transaction was compensation-related (price $0.00). Combined direct and indirect holdings now total 59,270 shares. Given the stock’s recent 1-for-2.5 reverse split, the absolute share count remains modest relative to DEA’s outstanding float. No buying or selling pressure is implied; thus, the filing is operationally neutral.

Corporate Governance Expert

TL;DR: Equity incentive reflects standard board pay structure; strengthens governance alignment.

This grant follows common REIT governance practice of issuing annual equity to independent directors. Vesting is service-based, encouraging continued oversight. The award size, post-split treatment, and clear disclosure comply with Section 16 and Rule 10b5-1 guidance. No red flags arise, and the additional skin-in-the-game is a mild positive for shareholders, though not materially impactful to valuation.

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^*

Fisher Cynthia A

(Last) (First) (Middle)

C/O EASTERLY GOVERNMENT PROPERTIES, INC.

2001 K STREET NW, SUITE 775 NORTH

(Street)

WASHINGTON DC 20006

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Easterly Government Properties, Inc. [ DEA ]

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025

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
Common Stock(1)	06/18/2025		A		5,499	A	$0.00	47,136(2)	D
Common Stock								8,377(2)	I	By General Equipment Rentals Pension(3)
Common Stock								3,757(2)	I	By General Equipment Rental Inc. Profit Sharing Trust 09 /29/196 Pooled Account(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of common stock granted under the Issuer's 2024 Equity Incentive Plan, which will vest upon the earlier of the first anniversary of the date of grant or the next annual stockholder meeting, subject to the Reporting Person's continued service as a director of the Issuer through such date.

2. Shares are reflected on a post-split basis in accordance with the 1-for-2.5 reverse stock split of the Issuer's issued and outstanding shares of common stock completed on April 28, 2025.

3. The Reporting Person is the administrator for the pension and also holds a remainder interest in such pension. The reporting person disclaims beneficial ownership of the reported securities except to the extent of her pecuniary interest therein.

4. The Reporting Person is the administrator for the profit sharing trust and also holds a remainder interest in such trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of her pecuniary interest therein.

	/s/ Franklin V. Logan, Attorney-in-fact for Cynthia A. Fisher	06/23/2025
	** 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.

FAQ

What did insider Cynthia A. Fisher report in the latest DEA Form 4?

She received 5,499 common shares on 18 Jun 2025 as a director equity award under the 2024 plan.

How many DEA shares does Fisher own after the transaction?

She now owns 47,136 shares directly and 12,134 shares indirectly, totaling 59,270.

Was the transaction an open-market buy or sell?

No. The shares were granted at $0.00 as compensation, not purchased or sold in the market.

Why are share numbers shown on a post-split basis?

DEA completed a 1-for-2.5 reverse stock split on 28 Apr 2025; holdings are reported after adjustment.

Does the filing include any derivative securities?

No derivative securities were acquired or disposed of in this Form 4.