FREIT director awarded 1,584 common shares

MCBRIDE DAVID F reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

MCBRIDE DAVID F reported acquisition or exercise transactions in this Form 4 filing.

First Real Estate Investment Trust of New Jersey, Inc. director David F. McBride received an award of 1,584 shares of common stock on March 12, 2026. The grant, priced at $0.00 per share, was made under FREIT's Equity Incentive Plan of 1998 and approved by the Board after a Compensation Committee recommendation. Following this equity award, McBride directly holds 70,095 common shares, with an additional 4,000 shares held indirectly through his wife.

Insider Trade Summary

Grant/Award: 1,584 shares

Grant/Award 2 txns

Insider MCBRIDE DAVID F

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.01 per share	1,584	$0.00	$0.00
holding	Common Stock, par value $0.01 per share	--	--	--

Holdings After Transaction: Common Stock, par value $0.01 per share — 70,095 shares (Direct); Common Stock, par value $0.01 per share — 4,000 shares (Indirect, By wife)

Footnotes (3)

1. F1. Prior to the reincorporation of First Real Estate Investment Trust of New Jersey, Inc. ("FREIT") from a New Jersey real estate investment trust to a Maryland corporation on July 1, 2021, FREIT's equity securities were beneficial interests in FREIT that were designated as "shares" without par value. In connection with the reincorporation of FREIT as a Maryland corporation, FREIT's shares of beneficial interest were converted to shares of common stock, par value $0.01 per share, on a 1-for-1 basis.
2. F2. Award of shares of Common Stock, par value $0.01 per share, under FREIT's Equity Incentive Plan of 1998. Such award was approved by FREIT's Board of Directors upon the recommendation of the Compensation Committee of the Board.
3. F3. Shares held by Mr. McBride's wife.

FAQ

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

What insider transaction did FREVS director David F. McBride report?

David F. McBride reported receiving an equity award of 1,584 FREVS common shares. The shares were granted at $0.00 per share under the company’s Equity Incentive Plan of 1998 as part of his compensation, rather than through an open-market purchase transaction.

How many FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY (FREVS) shares does David McBride hold after this Form 4?

After the award, David McBride directly holds 70,095 FREVS common shares. The filing also reports an additional 4,000 common shares held indirectly through his wife, providing a view of both his direct and spousal holdings in the trust’s common stock.

Was the FREVS share grant to David McBride approved by the Board of Directors?

Yes, the share award was approved by the Board of Directors. The Form 4 footnotes state the 1,584-share common stock award was granted under the Equity Incentive Plan of 1998 and specifically approved by the Board upon the recommendation of its Compensation Committee.

Is David McBride’s 1,584-share FREVS award an open-market purchase or compensation grant?

The 1,584-share FREVS transaction is a compensation grant, not an open-market purchase. It is coded as a grant or award acquisition at $0.00 per share under the Equity Incentive Plan of 1998, reflecting stock-based compensation rather than a discretionary market buy.

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

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Accepted by SEC EDGAR 03/13/2026 - 02:37 PM EDT 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^*

MCBRIDE DAVID F

(Last) (First) (Middle)

1000 SCIOTO DRIVE

(Street)

FRANKLIN LAKES NJ 07417

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. [ FREVS ]

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)
03/12/2026

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, par value $0.01 per share(1)	03/12/2026		A(2)		1,584	A	$0	70,095	D
Common Stock, par value $0.01 per share(1)								4,000	I(3)	By wife

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. Prior to the reincorporation of First Real Estate Investment Trust of New Jersey, Inc. ("FREIT") from a New Jersey real estate investment trust to a Maryland corporation on July 1, 2021, FREIT's equity securities were beneficial interests in FREIT that were designated as "shares" without par value. In connection with the reincorporation of FREIT as a Maryland corporation, FREIT's shares of beneficial interest were converted to shares of common stock, par value $0.01 per share, on a 1-for-1 basis.

2. Award of shares of Common Stock, par value $0.01 per share, under FREIT's Equity Incentive Plan of 1998. Such award was approved by FREIT's Board of Directors upon the recommendation of the Compensation Committee of the Board.

3. Shares held by Mr. McBride's wife.

	/s/ David F. McBride	03/13/2026
	** 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.