SL Green (NYSE: SLG) legal chief redeems 10,830 LTIP units

Rhea-AI Filing Summary

SL Green Realty’s chief legal officer and general counsel, Andrew S. Levine, reported a disposition of 10,830 LTIP Units on January 30, 2026. According to the disclosure, each LTIP Unit was converted into a Common Unit, then presented for redemption and redeemed for cash under the partnership agreement.

The cash redemption price per Common Unit was based on the average closing prices of SL Green’s common stock for the ten trading days ending January 29, 2026, resulting in a reported price of $46.17 per unit. Following this transaction, Levine beneficially owned 212,692 derivative securities (LTIP-related units) on a direct basis.

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

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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^*

LEVINE ANDREW S

(Last) (First) (Middle)

C/O SL GREEN REALTY CORP.

ONE VANDERBILT AVENUE - 28TH FLOOR

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SL GREEN REALTY CORP [ SLG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF LEGAL OFFICER & GC

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

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

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
LTIP Units	(1)	01/30/2026		D			10,830	(1)	(1)	Common Stock	10,830	$46.17(2)	212,692	D

Explanation of Responses:

1. Represents LTIP Units issued pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit may be converted, at the election of the holder, into a Class A Unit of limited partnership interest in SL Green Operating Partnership, L.P. (a "Common Unit"). Each Common Unit acquired upon conversion of an LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of Common Stock. The redemption right generally cannot be exercised until two years from the date of the grant. The rights to convert LTIP Units into Common Units and redeem Common Units do not have expiration dates.

2. In accordance with the terms of the First Amended and Restated Agreement of Limited Partnership of SL Green Operating Partnership, L.P., as amended (the "Partnership Agreement"), each LTIP Unit was converted into a Common Unit, and each resulting Common Unit was presented for redemption. At the election of the Issuer and in accordance with the terms of the Partnership Agreement, the Common Units presented for redemption were redeemed for cash, at a price per Common Unit based on the average of the closing prices of the Issuer's Common Stock for the ten consecutive trading days ending on January 29, 2026.

	/s/ Andrew S. Levine	02/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did SL Green (SLG) report for Andrew S. Levine?

SL Green’s chief legal officer, Andrew S. Levine, reported disposing of 10,830 LTIP Units on January 30, 2026. The units were converted into Common Units and redeemed for cash in accordance with the SL Green Operating Partnership’s amended partnership agreement.

At what price were Andrew S. Levine’s SL Green (SLG) LTIP Units redeemed?

The 10,830 LTIP Units were effectively redeemed at $46.17 per unit. This price was calculated from the average closing prices of SL Green’s common stock for the ten consecutive trading days ending January 29, 2026, as described in the filing footnotes.

How many derivative securities does Andrew S. Levine hold after this SL Green (SLG) transaction?

After the January 30, 2026 transaction, Andrew S. Levine beneficially owned 212,692 derivative securities. These relate to LTIP Units and are held directly, as indicated in the Form 4’s Table II and ownership column.

What are LTIP Units in the context of SL Green (SLG) and this Form 4 filing?

LTIP Units are equity-based awards in SL Green Operating Partnership that can vest and convert into Common Units. Once converted, holders may redeem Common Units for cash equal to the fair market value of SL Green’s common stock or, at the issuer’s election, for shares of common stock.

How is the redemption value of SL Green (SLG) LTIP-related Common Units determined?

The redemption value is based on the fair market value of SL Green’s common stock. In this filing, the cash redemption price per Common Unit used the average of closing stock prices over ten consecutive trading days ending January 29, 2026, resulting in the reported $46.17 per unit.