Elme (ELME) CEO tax withholdings at $16.61; holds 569,356

Elme Communities reported insider activity by President, CEO & Chairman Paul T. McDermott.

Rhea-AI Filing Summary

Elme Communities reported insider activity by President, CEO & Chairman Paul T. McDermott. On 11/12/2025, he executed multiple Code F transactions at $16.61 per share to cover taxes via net share settlement tied to vested shares from the closing under a Purchase Agreement dated August 1, 2025. The transactions included blocks such as 48,300 shares. Following these withholdings, McDermott directly beneficially owned 569,356 shares.

Insights

Insider transactions analyst

Routine tax withholding; no open‑market selling indicated.

The Form 4 lists multiple Code F entries at $16.61 on 11/12/2025, which denotes shares withheld to satisfy taxes on vested equity. The explanation explicitly ties these to net share settlement connected to the purchase agreement closing dated August 1, 2025.

Because Code F is not a discretionary sale into the market, it typically has limited signaling value. After the transactions, direct beneficial ownership is reported as 569,356 shares. Actual market impact depends on broader float and trading, which are not provided in the excerpt.

Insider Trade Summary

Exercise Price or Tax Liability: 100,404 shares

Exercise Price or Tax Liability 7 txns

Insider McDermott Paul T.

Role President, CEO & Chairman

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	9,085	$16.61	$151K
Exercise Price or Tax Liability	Common Stock	8,808	$16.61	$146K
Exercise Price or Tax Liability	Common Stock	8,808	$16.61	$146K
Exercise Price or Tax Liability	Common Stock	8,808	$16.61	$146K
Exercise Price or Tax Liability	Common Stock	9,086	$16.61	$151K
Exercise Price or Tax Liability	Common Stock	7,509	$16.61	$125K
Exercise Price or Tax Liability	Common Stock	48,300	$16.61	$802K

Holdings After Transaction: Common Stock — 569,356 shares (Direct)

Footnotes (1)

1. F1. For net share settlement of taxes on vested shares that vested 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did ELME's CEO report on Form 4?

Paul T. McDermott reported multiple Code F transactions on 11/12/2025 for tax withholding on vested shares at $16.61 per share.

How many ELME shares does the CEO hold after the transactions?

Following the reported transactions, the CEO directly beneficially owned 569,356 shares.

What is Code F on a Form 4 for ELME?

Code F indicates shares were withheld to cover taxes upon vesting or exercise, not an open‑market sale.

What price was used for the ELME tax withholdings?

The transactions were reported at $16.61 per share.

What triggered the ELME share vesting noted in the filing?

The vesting is linked to the closing under a Purchase Agreement dated August 1, 2025 as disclosed in the explanation.

Did ELME's CEO sell shares on the open market?

The filing reports Code F tax withholdings, which are not open‑market sales.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/14/2025 - 04:12 PM Learn about SEC filing dates

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^*

McDermott Paul T.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/12/2025

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	11/12/2025		F		9,085(1)	D	$16.61	660,675	D
Common Stock	11/12/2025		F		8,808(1)	D	$16.61	651,867	D
Common Stock	11/12/2025		F		8,808(1)	D	$16.61	643,059	D
Common Stock	11/12/2025		F		8,808(1)	D	$16.61	634,251	D
Common Stock	11/12/2025		F		9,086(1)	D	$16.61	625,165	D
Common Stock	11/12/2025		F		7,509(1)	D	$16.61	617,656	D
Common Stock	11/12/2025		F		48,300(1)	D	$16.61	569,356	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. For net share settlement of taxes on vested shares that vested 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.

	By: W. Drew Hammond For: Paul T. McDermott	11/13/2025
	** 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.