ELME Form 4: Officer reports Code F tax withholding, holds 54,110

Rhea-AI Filing Summary

Elme Communities (ELME) filed a Form 4 for insider W. Drew Hammond, SVP, CAO & Treasurer. On 11/12/2025, multiple Code F transactions were reported, reflecting shares withheld to cover taxes on vested shares tied to the closing under the Purchase Agreement dated August 1, 2025.

Transactions occurred at a price of $16.61 per share and included discrete withholdings of 905, 928, 928, 957, 957, 928, 475, and 256 shares. Following these tax-withholding events, Hammond’s directly held common stock was 54,110 shares.

Insights

Insider transactions analyst

Routine insider tax withholding; no open-market sale.

The filing lists multiple Code F entries on 11/12/2025 at $16.61 per share. Code F indicates shares were withheld to satisfy tax obligations upon vesting, not discretionary selling in the open market. The response note ties these vestings to the closing under a Purchase Agreement dated August 1, 2025.

After these entries, the reporting person directly holds 54,110 shares of common stock. This is administrative in nature and typical around vesting events. Actual trading impact depends on broader float and liquidity; the entry itself does not signal a change in company fundamentals.

Insider Trade Summary

Net Seller: 6,334 shares

Net Sell 8 txns

Insider Hammond Wade Drew

Role SVP, CAO & Treasurer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	905	$16.61	$15K
Exercise Price or Tax Liability	Common Stock	928	$16.61	$15K
Exercise Price or Tax Liability	Common Stock	928	$16.61	$15K
Exercise Price or Tax Liability	Common Stock	957	$16.61	$16K
Exercise Price or Tax Liability	Common Stock	957	$16.61	$16K
Exercise Price or Tax Liability	Common Stock	928	$16.61	$15K
Exercise Price or Tax Liability	Common Stock	475	$16.61	$8K
Exercise Price or Tax Liability	Common Stock	256	$16.61	$4K

Holdings After Transaction: Common Stock — 54,110 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.

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Form 4 Insider Transactions: What Each Field Means →

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

FAQ

What did Elme Communities (ELME) disclose in this Form 4?

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

Who is the reporting person in Elme Communities’ Form 4?

W. Drew Hammond, who serves as SVP, CAO & Treasurer.

Were these open-market sales of ELME stock?

No. Code F indicates shares withheld to cover taxes upon vesting, not open-market sales.

What share price is shown for the withholding events?

Each listed transaction used a price of $16.61 per share.

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

Direct beneficial ownership is reported as 54,110 shares after the transactions.

What triggered the vesting behind these tax withholdings?

The shares vested in connection with the closing under a Purchase Agreement dated August 1, 2025.

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^*

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)
11/12/2025

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		905(1)	D	$16.61	59,539	D
Common Stock	11/12/2025		F		928(1)	D	$16.61	58,611	D
Common Stock	11/12/2025		F		928(1)	D	$16.61	57,683	D
Common Stock	11/12/2025		F		957(1)	D	$16.61	56,726	D
Common Stock	11/12/2025		F		957(1)	D	$16.61	55,769	D
Common Stock	11/12/2025		F		928(1)	D	$16.61	54,841	D
Common Stock	11/12/2025		F		475(1)	D	$16.61	54,366	D
Common Stock	11/12/2025		F		256(1)	D	$16.61	54,110	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.

	W. Drew Hammond	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.