Elme Communities insider Form 4 details awards and tax settlements

Q: How many Elme Communities (ELME) shares did the EVP & COO acquire in the reported transactions?

On 11/19/2025 , she acquired 52,197 shares for the 2025 performance period, 52,197 shares for the 2024 performance period, and 35,984 shares for the 2023 performance period, all as common stock grants earned under the company’s Amended and Restated Long Term Incentive Plan.

Q: Why were some Elme Communities (ELME) shares disposed of in this Form 4?

The Form 4 notes that 32,018 , 34,105 , and 18,557 shares of common stock were disposed of at $16.61 per share for net share settlement of taxes on vested shares, meaning shares were withheld to cover tax obligations.

Q: How many Elme Communities shares does the reporting person own after these transactions?

Following the reported transactions on 11/19/2025 , the Form 4 shows that the reporting person beneficially owned 96,878 shares of Elme Communities common stock directly.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Elme Communities executive Tiffany M. Butcher, EVP & COO, reported multiple equity transactions in company stock. On 11/19/2025, she acquired 52,197 shares of common stock for a 2025 performance period, 52,197 shares for a 2024 performance period, and 35,984 shares for a 2023 performance period, all at a price of $0.0 per share under the company’s Amended and Restated Long Term Incentive Plan. These awards were earned based on performance measures tied to the closing of a Purchase Agreement dated August 1, 2025 involving Elme Communities and related entities.

On the same date, she disposed of 32,018, 34,105, and 18,557 shares of common stock at $16.61 per share to cover taxes through net share settlement on vested shares. After these transactions, she beneficially owned 96,878 shares of Elme Communities common stock directly.

Insider Trade Summary

6 transactions reported

Mixed 6 txns

Insider Butcher Tiffany Michelle

Role EVP & COO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	52,197	$0.00	--
Grant/Award	Common Stock	52,197	$0.00	--
Grant/Award	Common Stock	35,984	$0.00	--
Tax Withholding	Common Stock	32,018	$16.61	$532K
Tax Withholding	Common Stock	34,105	$16.61	$566K
Tax Withholding	Common Stock	18,557	$16.61	$308K

Holdings After Transaction: Common Stock — 93,377 shares (Direct)

Footnotes (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. 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. 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. For net share settlement of taxes on vested shares.

Form 4 Insider Transactions: What Each Field Means →

11/21/2025 - 04:34 PM

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^*

Butcher Tiffany Michelle

(Last)

(First)

(Middle)

7550 WISCONSIN AVE, SUITE 900

(Street)

BETHESDA

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)
	EVP & COO

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/19/2025		A		52,197⁽¹⁾	A	$0.0	93,377	D
Common Stock	11/19/2025		A		52,197⁽²⁾	A	$0.0	145,574	D
Common Stock	11/19/2025		A		35,984⁽³⁾	A	$0.0	181,558	D
Common Stock	11/19/2025		F		32,018⁽⁴⁾	D	$16.61	149,540	D
Common Stock	11/19/2025		F		34,105⁽⁴⁾	D	$16.61	115,435	D
Common Stock	11/19/2025		F		18,557⁽⁴⁾	D	$16.61	96,878	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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.

	By: W. Drew Hammond For: Tiffany M. Butcher	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).
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Source: View Original Filing on SEC EDGAR

FAQ

What did Elme Communities EVP & COO Tiffany M. Butcher report on this Form 4 for ELME?

She reported equity awards and tax-related share dispositions in Elme Communities common stock on 11/19/2025, including grants under the company’s Amended and Restated Long Term Incentive Plan and net share settlements for taxes on vested shares.

How many Elme Communities (ELME) shares did the EVP & COO acquire in the reported transactions?

On 11/19/2025, she acquired 52,197 shares for the 2025 performance period, 52,197 shares for the 2024 performance period, and 35,984 shares for the 2023 performance period, all as common stock grants earned under the company’s Amended and Restated Long Term Incentive Plan.

Why were some Elme Communities (ELME) shares disposed of in this Form 4?

The Form 4 notes that 32,018, 34,105, and 18,557 shares of common stock were disposed of at $16.61 per share for net share settlement of taxes on vested shares, meaning shares were withheld to cover tax obligations.

What is the connection between the equity awards and the Purchase Agreement mentioned for ELME?

The explanation states that the performance-based shares for the 2023, 2024, and 2025 periods were earned based on achieving certain performance measures in connection with the closing under 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.

How many Elme Communities shares does the reporting person own after these transactions?

Following the reported transactions on 11/19/2025, the Form 4 shows that the reporting person beneficially owned 96,878 shares of Elme Communities common stock directly.

Does this Elme Communities Form 4 involve any derivative securities like options or warrants?

The Form 4 includes a section for derivative securities, but in this report there are no derivative securities listed as acquired, disposed of, or held following the transactions.