Equity Lifestyle director acquires ESPP shares

Equity Lifestyle Properties director Constance Freedman reported receiving 60 shares of common stock on May 1, 2026 through the company’s Employee Stock Purchase Plan at $53.77 per share.

Rhea-AI Filing Summary

Equity Lifestyle Properties director Constance Freedman reported receiving 60 shares of common stock on May 1, 2026 through the company’s Employee Stock Purchase Plan at $53.77 per share. After this ESPP acquisition, she directly holds 16,086 common shares.

The filing also lists multiple outstanding non-qualified stock options on common stock with exercise prices between $60.29 and $79.72 per share and expiration dates from 2030 to 2034, showing a continuing option-based equity position in the company.

Insider Trade Summary

Grant/Award: 60 shares

Grant/Award 11 txns

Insider Freedman Constance

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $.01	60	$53.77	$3K
holding	Non-Qualified Stock Option (Right to Buy)	--	--	--
holding	Non-Qualified Stock Option (Right to Buy)	--	--	--
holding	Non-Qualified Stock Option (Right to Buy)	--	--	--
holding	Non-Qualified Stock Option (Right to Buy)	--	--	--
holding	Non-Qualified Stock Option (Right to Buy)	--	--	--
holding	Non-Qualified Stock Option (Right to Buy)	--	--	--
holding	Non-Qualified Stock Option (Right to Buy)	--	--	--
holding	Non-Qualified Stock Option (Right to Buy)	--	--	--
holding	Non-Qualified Stock Option (Right to Buy)	--	--	--
holding	Non-Qualified Stock Option (Right to Buy)	--	--	--

Holdings After Transaction: Common Stock, par value $.01 — 16,086 shares (Direct); Non-Qualified Stock Option (Right to Buy) — 45,895 contracts (Direct)

Footnotes (1)

1. F1. Represents shares acquired through ELS' Employee Stock Purchase Plan

Key Figures

ESPP shares acquired: 60 shares ESPP purchase price: $53.77 per share Shares held after transaction: 16,086 shares +4 more

7 metrics

ESPP shares acquired 60 shares Common stock acquired on May 1, 2026 through Employee Stock Purchase Plan

ESPP purchase price $53.77 per share Price for 60 common shares acquired May 1, 2026

Shares held after transaction 16,086 shares Direct common stock holdings following ESPP acquisition

Option exercise price $60.29 per share Non-qualified stock options on 1,240 underlying shares expiring May 1, 2034

Large option block 12,025 underlying shares Non-qualified stock options at $60.29 per share expiring May 1, 2034

Option exercise price $68.01 per share Non-qualified stock options on 7,350 underlying shares expiring April 25, 2033

Option exercise price $79.72 per share Non-qualified stock options on 6,270 underlying shares expiring April 26, 2032

Key Terms

Employee Stock Purchase Plan, Non-Qualified Stock Option (Right to Buy), grant/award acquisition, Common Stock, par value $.01

4 terms

Employee Stock Purchase Plan financial

"Represents shares acquired through ELS' Employee Stock Purchase Plan"

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

Non-Qualified Stock Option (Right to Buy) financial

"Security title reported as Non-Qualified Stock Option (Right to Buy)"

grant/award acquisition financial

"Transaction coded A and described as grant/award acquisition"

Common Stock, par value $.01 financial

"Underlying security title listed as Common Stock, par value $.01"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Constance Freedman report in this Form 4 for ELS?

Constance Freedman reported acquiring 60 shares of Equity Lifestyle Properties common stock through the Employee Stock Purchase Plan. This ESPP transaction increased her direct holdings to 16,086 shares, alongside several existing non-qualified stock option positions disclosed in the same Form 4.

How many Equity Lifestyle (ELS) shares does Freedman hold after this filing?

After the reported ESPP transaction, Constance Freedman directly holds 16,086 shares of Equity Lifestyle Properties common stock. This reflects the addition of 60 shares acquired on May 1, 2026 at a price of $53.77 per share through the Employee Stock Purchase Plan.

What price did Freedman pay per ELS share through the ESPP?

The filing shows Constance Freedman acquired 60 Equity Lifestyle Properties shares at $53.77 per share through the Employee Stock Purchase Plan. This price is the purchase price reported for the May 1, 2026 ESPP transaction and applies only to those newly acquired shares.

Are there stock options reported for Constance Freedman in this ELS Form 4?

Yes. The Form 4 lists several non-qualified stock options on Equity Lifestyle Properties common stock. These options have exercise prices such as $60.29, $68.01, $68.74, $66.81, and $79.72 per share, with expiration dates ranging from 2030 through 2034.

How many underlying ELS shares are tied to Freedman’s non-qualified stock options?

The filing details multiple option grants with underlying share amounts, including 12,025 and 1,240 shares at a $60.29 exercise price, 7,350 and 1,100 shares at $68.01, 7,275 and 1,090 at $68.74, and 7,485 and 1,120 at $66.81, plus additional blocks at $79.72.

Was the acquisition of ELS shares by Constance Freedman a market purchase?

The Form 4 describes the 60-share acquisition as a grant, award, or other acquisition and notes it represents shares acquired through Equity Lifestyle’s Employee Stock Purchase Plan. This indicates a plan-related purchase rather than an open-market buy order.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 05/05/2026 - 01:35 PM Learn about SEC filing dates

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^*

Freedman Constance

(Last) (First) (Middle)

C/O EQUITY LIFESTYLE PROPERTIES, INC.

TWO NORTH RIVERSIDE PLAZA, SUITE 800

(Street)

CHICAGO ILLINOIS 60606

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
EQUITY LIFESTYLE PROPERTIES INC [ ELS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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, par value $.01	05/01/2026		A(1)		60	A	$53.77	16,086	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
Non-Qualified Stock Option (Right to Buy)	$66.81							01/28/2021	07/28/2030	Common Stock, par value $.01	7,485		7,485	D
Non-Qualified Stock Option (Right to Buy)	$66.81							07/28/2021	07/28/2030	Common Stock, par value $.01	1,120		8,605	D
Non-Qualified Stock Option (Right to Buy)	$68.74							10/27/2021	04/27/2031	Common Stock, par value $.01	7,275		15,880	D
Non-Qualified Stock Option (Right to Buy)	$68.74							04/27/2022	04/27/2031	Common Stock, par value $.01	1,090		16,970	D
Non-Qualified Stock Option (Right to Buy)	$79.72							10/26/2022	04/26/2032	Common Stock, par value $.01	6,270		23,240	D
Non-Qualified Stock Option (Right to Buy)	$79.72							04/26/2023	04/26/2032	Common Stock, par value $.01	940		24,180	D
Non-Qualified Stock Option (Right to Buy)	$68.01							10/25/2023	04/25/2033	Common Stock, par value $.01	7,350		31,530	D
Non-Qualified Stock Option (Right to Buy)	$68.01							04/25/2024	04/25/2033	Common Stock, par value $.01	1,100		32,630	D
Non-Qualified Stock Option (Right to Buy)	$60.29							11/01/2024	05/01/2034	Common Stock, par value $.01	12,025		44,655	D
Non-Qualified Stock Option (Right to Buy)	$60.29							05/01/2025	05/01/2034	Common Stock, par value $.01	1,240		45,895	D

Explanation of Responses:

1. Represents shares acquired through ELS' Employee Stock Purchase Plan

Remarks:

	Jennifer Krebs by Power of Attorney for Constance Freedman	05/05/2026
	** 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.
* Form 4: SEC 1474 (03-26)