FREIT director granted 1,584 common shares

Hekemian David reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Hekemian David reported acquisition or exercise transactions in this Form 4 filing.

FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. director David Hekemian received an award of 1,584 shares of common stock at no cost under FREIT's Equity Incentive Plan of 1998. The award was approved by the Board of Directors based on the Compensation Committee’s recommendation.

Following this grant, he holds 217,636 shares directly. He also has indirect holdings through partnerships, trusts, a family foundation, and his spouse, and he disclaims beneficial ownership for several of these indirect positions except to the extent of any pecuniary interest.

Insider Trade Summary

Grant/Award: 1,584 shares

Grant/Award 7 txns

Insider Hekemian David

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	--	--	--
holding	Common Stock, par value $0.01 per share	--	--	--
holding	Common Stock, par value $0.01 per share	--	--	--
holding	Common Stock, par value $0.01 per share	--	--	--
holding	Common Stock, par value $0.01 per share	--	--	--
holding	Common Stock, par value $0.01 per share	--	--	--

Holdings After Transaction: Common Stock, par value $0.01 per share — 217,636 shares (Direct); Common Stock, par value $0.01 per share — 147,316 shares (Indirect, By Partnerships and LLCs); Common Stock, par value $0.01 per share — 53,976 shares (Indirect, By Trust); Common Stock, par value $0.01 per share — 88,940 shares (Indirect, By Foundation); Common Stock, par value $0.01 per share — 2,750 shares (Indirect, By Spouse)

Footnotes (8)

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 certain partnerships and limited liability companies in which Mr. Hekemian is a partner or member.
4. F4. Shares held in by a certain trust for the benefit of Mr. Hekemian's nephews, of which Mr. Hekemian is the trustee. Mr. Hekemian disclaims beneficial ownership of the shares held by such trust.
5. F5. Shares held in a certain trust, of which Mr. Hekemian is a beneficiary. Mr. Hekemian disclaims beneficial ownership of the shares held by such trust except to the extent of his pecuniary interest therein.
6. F6. Shares held by the Robert and Mary Jane Hekemian Foundation, Inc., of which Mr. Hekemian is the Vice President/Treasurer. Mr. Hekemian disclaims beneficial ownership of the shares held by the Robert and Mary Jane Hekemian Foundation, Inc.
7. F7. Shares held in a certain trust for the benefit of Mr. Hekemian's children, of which Mr. Hekemian is the trustee. Mr. Hekemian disclaims beneficial ownership of the shares held by such trust.
8. F8. Shares held by Mr. Hekemian's wife. Mr. Hekemian disclaims beneficial ownership of the shares held by his wife.

FAQ

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

What did David Hekemian report in his latest Form 4 for FREVS?

David Hekemian reported receiving an award of 1,584 shares of common stock. The shares were granted at no cost under FREIT’s Equity Incentive Plan of 1998 and approved by the Board following a recommendation from the Compensation Committee.

Is the FREVS Form 4 transaction a market purchase or a share grant?

The Form 4 shows a share grant, not a market purchase. Hekemian received 1,584 common shares at a price of $0.00 per share as a compensation-related award under the company’s established equity incentive plan.

How many FREIT shares does David Hekemian hold directly after this grant?

After the 1,584-share grant, Hekemian directly holds 217,636 shares of FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. These are recorded as direct ownership and separate from his various indirect holdings through related entities.

What indirect FREVS holdings are associated with David Hekemian?

Indirect holdings are reported through partnerships and LLCs, several trusts, a charitable foundation, and his spouse. Footnotes state that Hekemian disclaims beneficial ownership of many of these shares, except to the extent of any pecuniary interest where applicable.

Was the FREVS share award to Hekemian approved by the Board?

Yes. The 1,584-share common stock award was approved by FREIT’s Board of Directors. The approval followed a recommendation from the Compensation Committee and was granted under the company’s Equity Incentive Plan of 1998.

Does this FREVS Form 4 indicate any option exercises or sales?

No option exercises or share sales are reported in this Form 4. The only transactional entry is an acquisition coded as a grant of 1,584 common shares, with other lines reflecting updated indirect holdings rather than new market trades.

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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^*

Hekemian David

(Last) (First) (Middle)

505 MAIN STREET

SUITE 400

(Street)

HACKENSACK NJ 07601

(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	217,636	D
Common Stock, par value $0.01 per share(1)								147,316	I(3)	By Partnerships and LLCs
Common Stock, par value $0.01 per share(1)								22,506	I(4)	By Trust
Common Stock, par value $0.01 per share(1)								25,470	I(5)	By Trust
Common Stock, par value $0.01 per share(1)								88,940	I(6)	By Foundation
Common Stock, par value $0.01 per share(1)								6,000	I(7)	By Trust
Common Stock, par value $0.01 per share(1)								2,750	I(8)	By Spouse

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 certain partnerships and limited liability companies in which Mr. Hekemian is a partner or member.

4. Shares held in by a certain trust for the benefit of Mr. Hekemian's nephews, of which Mr. Hekemian is the trustee. Mr. Hekemian disclaims beneficial ownership of the shares held by such trust.

5. Shares held in a certain trust, of which Mr. Hekemian is a beneficiary. Mr. Hekemian disclaims beneficial ownership of the shares held by such trust except to the extent of his pecuniary interest therein.

6. Shares held by the Robert and Mary Jane Hekemian Foundation, Inc., of which Mr. Hekemian is the Vice President/Treasurer. Mr. Hekemian disclaims beneficial ownership of the shares held by the Robert and Mary Jane Hekemian Foundation, Inc.

7. Shares held in a certain trust for the benefit of Mr. Hekemian's children, of which Mr. Hekemian is the trustee. Mr. Hekemian disclaims beneficial ownership of the shares held by such trust.

8. Shares held by Mr. Hekemian's wife. Mr. Hekemian disclaims beneficial ownership of the shares held by his wife.

	/s/ David B. Hekemian	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.
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