Elme Communities Insider Adds Stock via Routine RSU Grant

Rhea-AI Filing Summary

Elme Communities (ELME) – Form 4 Insider Transaction

Director Jennifer S. Banner reported the award of 864.78 restricted share units (RSUs) on 30 June 2025 under the company’s 2016 Incentive Plan and Deferred Compensation Plan for Directors. The award was calculated using the closing share price of $15.90, implying an approximate grant value of ~$13.8 k. Following settlement, Ms. Banner’s aggregate direct beneficial ownership rises to 30,801.3387 common shares.

No derivative securities were transacted, and the filing does not reflect any open-market purchase or sale; the RSUs will settle solely in stock. This appears to be routine director compensation rather than a discretionary purchase, but it nonetheless marginally increases insider alignment with shareholders.

Positive

• Incremental insider ownership: Director Jennifer S. Banner’s holdings increase to roughly 30.8 k shares, marginally aligning interests with shareholders.

Negative

• Immaterial size: The ~865-share RSU grant (≈$13.8 k) is unlikely to influence market perception or signal strong insider conviction.

Insights

Financial Analyst

TL;DR – Routine RSU grant; immaterial but directionally shareholder-friendly.

The Form 4 discloses a standard, board-level equity grant of 864.78 RSUs worth roughly $13.8 k. Post-grant ownership rises to ≈30.8 k shares, preserving a meaningful personal stake. Because the transaction is compensation-linked (price set at $0 in the table) rather than a market purchase, signaling value is muted; however, incremental ownership still enhances incentive alignment. From a valuation or liquidity perspective, the impact on ELME is de minimis and should not affect the investment thesis.

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^*

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)
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		864.78(1)	A	$0.0	30,801.3387	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: Jennifer S. Banner	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 Elme Communities shares did Director Jennifer S. Banner acquire?

864.78 restricted share units were awarded on 06/30/2025.

What is Jennifer S. Banner’s total ELME share ownership after the grant?

Her direct beneficial ownership is 30,801.3387 common shares.

Was the transaction an open-market purchase?

No. It was a board compensation RSU grant that settles in stock; no cash purchase occurred.

What valuation was used to determine the number of RSUs?

The grant used the $15.90 closing price of ELME on 06/30/2025.

Does the filing disclose any derivative securities activity?

No derivative securities were acquired or disposed of in this Form 4.