Elme Communities (ELME) director reports 2,883 stock units and 99,013.1767 shares

Rhea-AI Filing Summary

Elme Communities director Benjamin S. Butcher reported receiving 2,883 restricted share units of common stock on 12/15/2025 under the Elme Communities 2016 Incentive Plan and the Company's Deferred Compensation Plan for Directors. The grant was based on the stock's closing price of $17.34 on that date and is structured to settle only in shares, with a stated transaction price of $0.0 per share.

Following this award and related activity, Butcher beneficially owned 99,013.1767 shares of Elme Communities common stock in direct form. The filing also notes the acquisition of 1,003.725 dividend equivalent units during the fourth quarter of 2025 pursuant to the Company's Deferred Compensation Plan for Directors.

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
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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 Benjamin 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	99,013.1767(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 1,003.725 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: Benjamin S. Butcher	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).
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

What insider transaction did Elme Communities (ELME) disclose in this filing?

The filing shows that director Benjamin S. Butcher received 2,883 restricted share units of Elme Communities common stock on 12/15/2025 under company equity and deferred compensation plans, at a reported transaction price of $0.0 per share.

How many Elme Communities (ELME) shares does Benjamin S. Butcher now beneficially own?

After the reported transactions, Benjamin S. Butcher beneficially owned 99,013.1767 shares of Elme Communities common stock, held in direct ownership form.

What price was used to determine the new Elme Communities (ELME) stock units?

The number of restricted share units awarded was based on the Elme Communities stock closing price of $17.34 on 12/15/2025, as stated in the explanation of responses.

Did the Elme Communities (ELME) director pay cash for these stock units?

No cash purchase price is indicated. The transaction table reports a price of $0.0 for the 2,883 common stock units, consistent with a stock-based compensation grant.

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

The explanation notes the acquisition of 1,003.725 dividend equivalent units received during the fourth quarter of 2025 under the Company's Deferred Compensation Plan for Directors.

Is this Elme Communities (ELME) Form 4 filed by more than one reporting person?

No. The form indicates it is filed by one reporting person, and the relationship box identifies that person as a Director of Elme Communities.