New England Realty repurchases 15.3 Class B units
The contemporaneously repurchased Depositary Receipts had a $54.96 purchase price, and each represented one-thirtieth of a Class A Unit.
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Rhea-AI Filing Summary
Jameson Pruitt Brown reported disposition transactions in this Form 4 filing. New England Realty Associates Limited Partnership repurchased 15.3 Class B Units of Limited Partnership Interest and 0.40 Units of General Partner Interest on September 30, 2026, in transactions reported by Treasurer, director and 10% owner Jameson Pruitt Brown. The reported price was $1,648.91 per unit; the transactions were pursuant to the Partnership’s equity repurchase program and a Rule 10b5-1 trading arrangement. Reported post-transaction positions were 16,461.1 Class B Units and 433.2 Units of General Partner Interest.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | NEN Units of General Partner Interest F1, F2, F3 | 0.4 | $1,648.91 | $659.56 |
| Other | NEN Class B Units of Limited Partnership Interest F1, F3 | 15.3 | $1,648.91 | $25K |
Footnotes (3)
- F1. Pursuant to the Partnership's equity repurchase program, as renewed and reauthorized by the Board of Directors of the General Partner on March 9, 2020 and as further described in the Partnership's Report on Form 10-K filed with the Securities and Exchange Commission on March 12, 2020, the Partnership repurchased 15.3 Class B Units of Limited Partnership Interest directly beneficially owned by the reporting person and 0.40 Units of General Partner Interest from the general partner of the Partnership that are indirectly beneficially owned by the reporting person.
- F2. Amounts reported represent 37.5% of the securities owned by the close-held corporation (which corporation is the general partner of the Partnership) based upon the reporting person's 37.5% equity interest in the corporation. The reporting person's interest is 37.5% after the disposition of the estate of Harold Brown on January 2, 2024.
- F3. The purchase price of the Units of General Partner Interest was equal to the $54.96 purchase price of the Depositary Receipts (each of which represents one-thirtieth of a Class A Unit of the Partnership) contemporaneously repurchased by the Partnership pursuant to its equity repurchase program.
Key Figures
Key Terms
equity repurchase program financial
Class B Units of Limited Partnership Interest financial
Units of General Partner Interest financial
Depositary Receipts financial
FAQ
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How many NEN units did the partnership repurchase in Jameson Pruitt Brown’s Form 4?
What were Jameson Pruitt Brown’s reported NEN holdings after the transactions?
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