SL Green (NYSE: SLG) CFO cashes out 11,600 LTIP units

Rhea-AI Filing Summary

SL Green Realty Corp.'s chief financial officer, Matthew J. DiLiberto, reported a derivative transaction involving long-term incentive plan (LTIP) units. On January 30, 2026, 11,600 LTIP Units were disposed of at $46.17 per unit, leaving 225,597 derivative securities beneficially owned directly.

According to the partnership agreement, each LTIP Unit was converted into a common operating partnership unit and then redeemed for cash. The cash redemption price per unit was based on the average closing price of SL Green’s common stock over ten trading days ending January 29, 2026.

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

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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^*

DiLiberto Matthew J.

(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 FINANCIAL OFFICER

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			11,600	(1)	(1)	Common Stock	11,600	$46.17(2)	225,597	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/ Matthew J. DiLiberto	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 in this Form 4?

SL Green reported its CFO, Matthew J. DiLiberto, disposing of 11,600 LTIP Units on January 30, 2026. These long-term incentive units were converted into common partnership units and then redeemed for cash under the company’s operating partnership agreement.

At what price were the LTIP Units tied to in the SL Green (SLG) Form 4?

The 11,600 LTIP Units are reported with a transaction price of $46.17 per unit. The cash redemption price was based on the average closing prices of SL Green’s common stock for the ten consecutive trading days ending January 29, 2026.

How many derivative securities does the SL Green (SLG) CFO own after this transaction?

After the January 30, 2026 transaction, SL Green’s CFO is reported as beneficially owning 225,597 derivative securities directly. These reflect remaining incentive-related interests following the 11,600 LTIP Units that were converted and redeemed for cash.

What are LTIP Units in the SL Green (SLG) insider filing?

LTIP Units are long-term incentive partnership units issued under SL Green’s equity-based compensation programs. Once vested and meeting certain tax allocation conditions, each LTIP Unit can convert into a common partnership unit that may then be redeemed for cash or, at the issuer’s election, exchanged for common stock.

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

The redemption value is based on the fair market value of SL Green’s common stock. In this transaction, the partnership units were redeemed for cash at a price calculated from the average closing prices over ten trading days ending January 29, 2026, as provided in the partnership agreement.