Elme Communities (ELME) director reports 2,883 restricted share units grant

Rhea-AI Filing Summary

Elme Communities reported an equity grant to director Jennifer S. Banner. On 12/15/2025, she acquired 2,883 restricted share units at no cash cost under the company’s 2016 Incentive Plan and Deferred Compensation Plan for Directors, with the number of units based on a closing share price of $17.34. Including 333.985 dividend equivalent units received during the fourth quarter of 2025, she now beneficially owns 35,167.3154 shares of Elme Communities common stock directly.

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^*

BANNER JENNIFER S

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

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	12/15/2025		A		2,883(1)	A	$0.0	35,167.3154(2)	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. These are Restricted Share Units granted pursuant to the Elme Communities 2016 Incentive Plan (as amended and restates effective as of May 30, 2024) and the Company's Deferred Compensation Plan for Directors - the number of shares awarded is based on the closing price on 12/15/2025 of $17.34. The units settle only in stock.

2. Reflects the acquisition of 333.985 dividend equivalent units received during the fourth quarter of 2025 pursuant to the Company's Deferred Compensation Plan for Directors.

	By: W. Drew Hammond For: Jennifer S. Banner	12/16/2025
	** 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).
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FAQ

What insider stock transaction did Elme Communities (ELME) disclose for Jennifer S. Banner?

Elme Communities disclosed that director Jennifer S. Banner acquired 2,883 restricted share units of the company’s common stock on 12/15/2025 at a reported price of $0.0 per unit.

How many Elme Communities shares does Jennifer S. Banner beneficially own after this grant?

Following the reported equity grant and related dividend equivalent units, Jennifer S. Banner beneficially owns 35,167.3154 shares of Elme Communities common stock directly.

Which compensation plans were used for the restricted share unit grant at Elme Communities?

The 2,883 restricted share units were granted under the Elme Communities 2016 Incentive Plan (as amended and restated effective May 30, 2024) and the company’s Deferred Compensation Plan for Directors.

How was the number of restricted share units for Jennifer S. Banner determined?

The number of units awarded to Jennifer S. Banner was based on Elme Communities’ closing share price of $17.34 on 12/15/2025, with the units settling only in stock.

What are the dividend equivalent units mentioned in the Elme Communities (ELME) report?

The report notes that Jennifer S. Banner acquired 333.985 dividend equivalent units during the fourth quarter of 2025 under the company’s Deferred Compensation Plan for Directors, which are included in her beneficial ownership.

Is the Elme Communities transaction an open-market stock purchase?

No. The transaction is described as a grant of restricted share units under company compensation plans at a price of $0.0, rather than an open-market cash purchase.