[Form 4] Elme Communities Insider Trading Activity

Rhea-AI Filing Summary

Elme Communities reported a Form 4 for officer W. Drew Hammond, SVP, CAO & Treasurer, detailing equity awards and related tax settlements dated 11/19/2025. Hammond received 19,912 shares of common stock for the performance period beginning January 1, 2025, 19,912 shares for the period beginning January 1, 2024, and 15,414 shares for the period beginning January 1, 2023. These awards were granted under the company’s Amended and Restated Long Term Incentive Plan and were earned based on performance measures tied to the closing of a Purchase Agreement dated August 1, 2025. To cover taxes on the vested shares, Hammond had 12,183, 7,866, and 12,595 shares withheld at a price of $16.61 per share, resulting in direct beneficial ownership of 76,704 shares of Elme Communities common stock.

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^*

Hammond Wade Drew

(Last) (First) (Middle)

7550 WISCONSIN AVE, SUITE 900

(Street)

BETHESDA MD 20814

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Elme Communities [ ELME ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, CAO & Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
11/19/2025

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	11/19/2025		A		19,912(1)	A	$0.0	74,022	D
Common Stock	11/19/2025		A		19,912(2)	A	$0.0	93,934	D
Common Stock	11/19/2025		A		15,414(3)	A	$0.0	109,348	D
Common Stock	11/19/2025		F		12,183(4)	D	$16.61	97,165	D
Common Stock	11/19/2025		F		7,866(4)	D	$16.61	89,299	D
Common Stock	11/19/2025		F		12,595(4)	D	$16.61	76,704	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

Explanation of Responses:

1. Represents shares received pursuant to the Company's Amended and Restated Long Term Incentive Plan for the performance period which began on January 1, 2025, which were earned based on the achievement of certain performance measures in connection with the closing under that certain Purchase Agreement, dated as of August 1, 2025, by and among Elme Communities, WashREIT OP LLC, Echo Sub LLC, CEVF VI Capitol Holdings, LLC and CEVF VI Co-Invest I Venture, LLC.

2. Represents shares received pursuant to the Company's Amended and Restated Long Term Incentive Plan for the performance period which began on January 1, 2024, which were earned based on the achievement of certain performance measures in connection with the closing under that certain Purchase Agreement, dated as of August 1, 2025, by and among Elme Communities, WashREIT OP LLC, Echo Sub LLC, CEVF VI Capitol Holdings, LLC and CEVF VI Co-Invest I Venture, LLC.

3. Represents shares received pursuant to the Company's Amended and Restated Long Term Incentive Plan for the performance period which began on January 1, 2023, which were earned based on the achievement of certain performance measures in connection with the closing under that certain Purchase Agreement, dated as of August 1, 2025, by and among Elme Communities, WashREIT OP LLC, Echo Sub LLC, CEVF VI Capitol Holdings, LLC and CEVF VI Co-Invest I Venture, LLC.

4. For net share settlement of taxes on vested shares.

	W. Drew Hammond	11/21/2025
	** 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 does the latest Form 4 for ELME disclose about W. Drew Hammond?

The Form 4 shows that W. Drew Hammond, SVP, CAO & Treasurer of Elme Communities, received multiple common stock awards and had shares withheld to pay taxes on 11/19/2025.

How many Elme Communities shares did W. Drew Hammond receive in the latest Form 4?

Hammond received 19,912 shares for the performance period beginning January 1, 2025, 19,912 shares for the period beginning January 1, 2024, and 15,414 shares for the period beginning January 1, 2023 under the Amended and Restated Long Term Incentive Plan.

What performance conditions were tied to the ELME stock awards reported on this Form 4?

The shares were earned based on achievement of certain performance measures in connection with the closing of a Purchase Agreement dated August 1, 2025 among Elme Communities, WashREIT OP LLC, Echo Sub LLC, CEVF VI Capitol Holdings, LLC and CEVF VI Co-Invest I Venture, LLC.

Why were some ELME shares disposed of in W. Drew Hammond’s Form 4 filing?

The disposals reflect net share settlement of taxes on vested shares, where 12,183, 7,866, and 12,595 shares were withheld at a price of $16.61 per share to satisfy tax obligations.

How many Elme Communities shares does W. Drew Hammond own after these transactions?

After the reported awards and tax-related share withholdings, Hammond directly beneficially owns 76,704 shares of Elme Communities common stock.

What role does the Amended and Restated Long Term Incentive Plan play for ELME executives?

The Amended and Restated Long Term Incentive Plan provides for performance-based share awards, like those granted to W. Drew Hammond for performance periods beginning in 2023, 2024, and 2025, based on specific performance measures.