Director at FIRST REAL ESTATE (FREVS) receives 1,584-share equity award

Rhea-AI Filing Summary

Aslanian Richard reported acquisition or exercise transactions in this Form 4 filing.

FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. director Richard Aslanian received an award of 1,584 shares of common stock. The shares were granted at no cash cost to him under FREIT's Equity Incentive Plan of 1998, as approved by the Board of Directors.

Following this equity grant, Aslanian directly holds 55,777 shares of common stock. This transaction reflects stock-based compensation rather than an open-market purchase or sale.

Insider Trade Summary

Net Buyer: 1,584 shares

Net Buy 1 txn

Insider Aslanian Richard

Role Director

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

Holdings After Transaction: Common Stock, par value $0.01 per share — 55,777 shares (Direct)

Footnotes (2)

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.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/13/2026 - 02:36 PM Learn about SEC filing dates

FAQ

What insider transaction did FREVS director Richard Aslanian report on this Form 4?

Director Richard Aslanian reported receiving 1,584 shares of common stock as an equity award. The grant was made at no cash cost under FREIT's Equity Incentive Plan of 1998 and approved by the Board on the Compensation Committee's recommendation.

Was the FREVS Form 4 transaction an open-market buy or sell of shares?

The Form 4 does not show an open-market buy or sell. It reports a stock grant coded as an acquisition (A), representing an award of 1,584 shares under the equity incentive plan, rather than a market purchase or sale transaction.

How many FREVS shares does Richard Aslanian hold after this equity award?

After the reported equity award, Richard Aslanian directly holds 55,777 shares of common stock. This total reflects his position immediately following the grant of 1,584 shares under the company’s Equity Incentive Plan of 1998 as disclosed in the Form 4.

What plan was used for the 1,584-share grant reported for FREVS?

The 1,584-share grant was made under FREIT's Equity Incentive Plan of 1998. The award of common stock was approved by the Board of Directors, based on a recommendation from the Compensation Committee, and represents stock-based compensation to director Richard Aslanian.

Did the FREVS insider pay a price per share for this stock grant?

The reported price per share for the grant is $0.00, indicating no cash payment. This confirms the transaction is a compensatory stock award of 1,584 shares, not a purchase, under the company’s established Equity Incentive Plan of 1998.

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^*

Aslanian Richard

(Last) (First) (Middle)

4 WEST RED OAK LANE

SUITE 303

(Street)

WHITE PLAINS NY 10604

(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	55,777	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. 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.

	/s/ Richard J. Aslanian	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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