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Elme Communities EVP & CFO discloses stock grants and tax sales

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Elme Communities executive vice president and CFO Steven M. Freishtat reported multiple equity award transactions in common stock on 11/19/2025. He acquired 27,784 shares, 27,784 shares, and 23,292 shares of common stock at a price of $0.0 per share, reflecting awards under the company’s Amended and Restated Long Term Incentive Plan tied to performance periods beginning January 1, 2025, January 1, 2024, and January 1, 2023.

These awards were earned based on performance measures connected to the closing of a Purchase Agreement dated August 1, 2025 involving Elme Communities and several affiliated entities. On the same date, he disposed of 17,003 shares, 18,039 shares, and 11,896 shares at $16.61 per share for net share settlement of taxes on vested shares. Following these transactions, he directly beneficially owned 74,558 shares of Elme Communities common stock.

Positive

  • None.

Negative

  • None.
Insider Freishtat Steven
Role EVP & CFO
Type Security Shares Price Value
Grant/Award Common Stock 27,784 $0.00 --
Grant/Award Common Stock 27,784 $0.00 --
Grant/Award Common Stock 23,292 $0.00 --
Tax Withholding Common Stock 17,003 $16.61 $282K
Tax Withholding Common Stock 18,039 $16.61 $300K
Tax Withholding Common Stock 11,896 $16.61 $198K
Holdings After Transaction: Common Stock — 70,420 shares (Direct)
Footnotes (1)
  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 →
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*
Freishtat Steven
(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)
EVP & CFO
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 27,784(1) A $0.0 70,420 D
Common Stock 11/19/2025 A 27,784(2) A $0.0 98,204 D
Common Stock 11/19/2025 A 23,292(3) A $0.0 121,496 D
Common Stock 11/19/2025 F 17,003(4) D $16.61 104,493 D
Common Stock 11/19/2025 F 18,039(4) D $16.61 86,454 D
Common Stock 11/19/2025 F 11,896(4) D $16.61 74,558 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.
By: W. Drew Hammond For: Steven M. Freishtat 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.

Source: View Original Filing on SEC EDGAR

FAQ

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

The filing reports that EVP and CFO Steven M. Freishtat had multiple transactions in Elme Communities common stock on 11/19/2025, including stock awards under the company’s long term incentive plan and share disposals to cover taxes on vested shares.

How many Elme Communities (ELME) shares were granted to the CFO on 11/19/2025?

On 11/19/2025, the CFO acquired 27,784 shares, another 27,784 shares, and 23,292 shares of Elme Communities common stock at a price of $0.0 per share, reflecting earned awards under the company’s Amended and Restated Long Term Incentive Plan.

Why did the Elme Communities CFO dispose of shares in this Form 4?

The Form 4 states that the disposals of 17,003 shares, 18,039 shares, and 11,896 shares of Elme Communities common stock at $16.61 per share on 11/19/2025 were for net share settlement of taxes on vested shares.

What is the CFO’s resulting ownership in Elme Communities (ELME) stock?

After the reported transactions on 11/19/2025, the Form 4 shows that Steven M. Freishtat directly beneficially owned 74,558 shares of Elme Communities common stock.

What performance conditions were tied to the Elme Communities stock awards?

The filing explains that each stock award was earned under the Amended and Restated Long Term Incentive Plan based on achievement of performance measures related to the closing under a Purchase Agreement dated August 1, 2025 among Elme Communities and several related entities.

What is the role of Steven M. Freishtat at Elme Communities (ELME)?

In this Form 4, Steven M. Freishtat is identified as an officer of Elme Communities, serving as EVP & CFO, and the form is filed as a single reporting person.