[Form 4] Elme Communities Insider Trading Activity

Rhea-AI Filing Summary

Peoples Bancorp Inc. (PEBO) filed a Form 4 disclosing that director James Brooke Williams acquired 429 shares of common stock on 06/30/2025 under the company’s non-employee director compensation program (transaction code “A”). The shares were valued at an effective price of $30.54, for a total consideration of roughly $13,100. After the award, Williams directly owns about 230,198 shares of PEBO. No derivative securities were reported, and there were no dispositions. The transaction reflects routine equity compensation rather than an open-market purchase, so the filing is informational and carries limited market impact.

Insights

Financial Analyst

TL;DR: Routine director compensation—429 shares added at $30.54; raises stake to ~230k shares; negligible immediate market impact.

The acquisition represents less than 0.2% of Williams’s existing holdings and an immaterial fraction of PEBO’s 28 million-plus shares outstanding. Because the shares were issued as part of standard board compensation rather than purchased on the open market, the signal value for outside investors is modest. Still, continued accumulation—even through compensation—keeps insider ownership aligned with shareholders. From a governance perspective, no red flags emerge, and the filing does not alter the investment thesis for Peoples Bancorp.

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^*

Sturzenegger Ron D.

(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)
06/30/2025

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	06/30/2025		A		999.8277(1)	A	$0.0	1,488.8277	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 restated 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 6/30/2025 of $15.90. The units settle only in stock.

	By: W. Drew Hammond For: Ron D. Sturzenegger	07/01/2025
	** 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.

FAQ

How many PEBO shares did director James Brooke Williams acquire on 06/30/2025?

He acquired 429 shares of Peoples Bancorp common stock.

What was the effective price per share reported in the Form 4 filing?

The shares were valued at $30.54 each.

How many Peoples Bancorp shares does Williams own after the transaction?

His direct ownership increases to approximately 230,198 shares.

Was the transaction a purchase or a sale of PEBO shares?

It was an acquisition (transaction code "A"), not a sale.

Did the filing report any derivative security transactions?

No, no derivative securities were reported in this Form 4.