What price did Freedman pay per share for the new ELS stock?

The newly acquired shares were purchased at $53.06 per share. According to the Form 4, the 366 shares of Equity Lifestyle Properties common stock were obtained via the company’s Employee Stock Purchase Plan, which typically allows employees to buy shares on favorable terms.

What stock options related to ELS does Constance Freedman hold?

Constance Freedman holds multiple non-qualified stock options on Equity Lifestyle Properties common stock. These options have exercise prices ranging from $60.29 to $79.72, with expiration dates between 2030 and 2034, providing potential future rights to buy additional shares.

ELS director acquires 366 shares in stock plan

Equity Lifestyle Properties director Constance Freedman acquired 366 shares of common stock at $53.06 per share through the company’s Employee Stock Purchase Plan.

Accepted by SEC EDGAR 04/02/2026 - 04:32 PM EDT

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Equity Lifestyle Properties director Constance Freedman acquired 366 shares of common stock at $53.06 per share through the company’s Employee Stock Purchase Plan. Following this grant, she directly owns 13,470 common shares. She also holds several non-qualified stock options with exercise prices between $60.29 and $79.72 expiring from 2030 to 2034.

Insider Trade Summary

Grant/Award: 366 shares

Grant/Award 1 txn

Insider Freedman Constance

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $.01	366	$53.06	$19K
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 — 13,470 shares (Direct); Non-Qualified Stock Option (Right to Buy) — 45,895 contracts (Direct)

Footnotes (1)

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

Key Figures

Shares acquired: 366 shares Acquisition price: $53.06 per share Shares owned after: 13,470 shares +4 more

7 metrics

Shares acquired 366 shares Common stock acquired through Employee Stock Purchase Plan

Acquisition price $53.06 per share Price for 366 ESPP shares

Shares owned after 13,470 shares Direct common stock ownership after acquisition

Option exercise price $66.81 Non-qualified stock options expiring July 28, 2030

Option exercise price $68.74 Non-qualified stock options expiring April 27, 2031

Option exercise price $79.72 Non-qualified stock options expiring April 26, 2032

Option exercise price $60.29 Non-qualified stock options expiring May 1, 2034

Key Terms

Employee Stock Purchase Plan, Non-Qualified Stock Option (Right to Buy), underlying security, exercise price

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

"Non-Qualified Stock Option (Right to Buy) with underlying common stock"

underlying security financial

"underlying_security_title: "Common Stock, par value $.01""

exercise price financial

"conversion_or_exercise_price values such as "66.8100" and "60.2900""

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

FAQ

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

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

Constance Freedman reported acquiring 366 shares of Equity Lifestyle Properties common stock at $53.06 per share. The shares were obtained through the company’s Employee Stock Purchase Plan, increasing her direct ownership to 13,470 common shares after the reported transaction.

How many ELS shares does Constance Freedman own after this transaction?

After the transaction, Constance Freedman directly owns 13,470 shares of Equity Lifestyle Properties common stock. This figure reflects the addition of 366 shares acquired at $53.06 per share through the Employee Stock Purchase Plan reported in the Form 4 filing.

What is the source of the new ELS shares acquired by Constance Freedman?

The filing states that the 366 newly acquired shares came through Equity Lifestyle Properties’ Employee Stock Purchase Plan. A footnote clarifies this plan-based acquisition, indicating it is a compensation-related purchase mechanism rather than an open-market trade by the director.

Does this ELS Form 4 show any stock sales by Constance Freedman?

The Form 4 shows no reported stock sales by Constance Freedman. It records an acquisition of 366 shares through the Employee Stock Purchase Plan and lists existing non-qualified stock option positions, without any open-market or other disposition transactions in this filing.

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

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)
04/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $.01	04/01/2026		A⁽¹⁾		366	A	$53.06	13,470	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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	04/02/2026
	** 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)

Source: View Original Filing on SEC EDGAR