Strawberry Fields REIT (STRW) director converts 125K shares via LLC

Q: How many Strawberry Fields REIT (STRW) shares did Ted Lerman acquire in this Form 4?

Ted Lerman acquired 125,000 shares of Strawberry Fields REIT (STRW) common stock through a derivative conversion . The per-share transaction price is reported as $0.0000 , reflecting the nature of the conversion rather than an open-market cash purchase.

Q: What are Ted Lerman’s STRW holdings after the reported transaction?

After the conversion, the reporting line shows 1,366,594 Strawberry Fields REIT (STRW) shares held indirectly. These shares are reported as owned “By: A&F Realty LLC” , indicating the position is attributed to that affiliated entity rather than direct personal ownership.

Q: Is Ted Lerman’s STRW transaction under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not checked , indicating the reported conversion was not affirmed as executed under a pre-arranged Rule 10b5-1 trading plan. No additional footnote in this report modifies that plan-status disclosure.

Q: How is ownership of the STRW shares characterized for Ted Lerman?

The 1,366,594 Strawberry Fields REIT (STRW) shares are reported as indirect ownership, with the nature of ownership described as “By: A&F Realty LLC” . This means the shares are held through that entity rather than directly in Lerman’s name.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Strawberry Fields REIT, Inc. director Ted Lerman reported a conversion of derivative securities into 125,000 shares of common stock on June 30, 2026, credited to A&F Realty LLC as indirect ownership. Following this transaction, A&F Realty LLC holds 1,366,594 STRW shares. The Rule 10b5-1 trading-plan box was left unchecked.

Insider Trade Summary

Net Buyer: 125,000 shares

Net Buy 1 txn

Insider Lerman Ted

Role Director

Type	Security	Shares	Price	Value
Conversion	Common Stock	125,000	$0.00	$0.00

Holdings After Transaction: Common Stock — 1,366,594 shares (Indirect, By: A&F Realty LLC)

Key Figures

Shares acquired via conversion: 125,000 shares Post-transaction indirect holdings: 1,366,594 shares Transaction price per share: $0.0000 per share +1 more

4 metrics

Shares acquired via conversion 125,000 shares Common Stock acquired through conversion of derivative security on June 30, 2026

Post-transaction indirect holdings 1,366,594 shares Common Stock held indirectly by A&F Realty LLC after the reported transaction

Transaction price per share $0.0000 per share Reported price for the derivative conversion of Common Stock

Transaction date June 30, 2026 Date of the conversion of derivative security into Common Stock

Key Terms

Conversion of derivative security, indirect ownership, nature of ownership

3 terms

Conversion of derivative security financial

"Transaction code C is described as a Conversion of derivative security"

indirect ownership financial

"Shares are reported with indirect ownership noted as By: A&F Realty LLC"

nature of ownership financial

"The nature of ownership field states By: A&F Realty LLC for these shares"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/24/2026 - 06:09 AM Accepted by SEC EDGAR 07/24/2026 - 06:08 AM

FAQ

What insider transaction did Strawberry Fields REIT (STRW) report for Ted Lerman?

Strawberry Fields REIT (STRW) reported that director Ted Lerman converted derivative securities into 125,000 shares of common stock on June 30, 2026. The transaction is coded as a Conversion of derivative security rather than an open-market purchase or sale.

How many Strawberry Fields REIT (STRW) shares did Ted Lerman acquire in this Form 4?

Ted Lerman acquired 125,000 shares of Strawberry Fields REIT (STRW) common stock through a derivative conversion. The per-share transaction price is reported as $0.0000, reflecting the nature of the conversion rather than an open-market cash purchase.

What are Ted Lerman’s STRW holdings after the reported transaction?

After the conversion, the reporting line shows 1,366,594 Strawberry Fields REIT (STRW) shares held indirectly. These shares are reported as owned “By: A&F Realty LLC”, indicating the position is attributed to that affiliated entity rather than direct personal ownership.

Is Ted Lerman’s STRW transaction under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not checked, indicating the reported conversion was not affirmed as executed under a pre-arranged Rule 10b5-1 trading plan. No additional footnote in this report modifies that plan-status disclosure.

How is ownership of the STRW shares characterized for Ted Lerman?

The 1,366,594 Strawberry Fields REIT (STRW) shares are reported as indirect ownership, with the nature of ownership described as “By: A&F Realty LLC”. This means the shares are held through that entity rather than directly in Lerman’s name.

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^*

Lerman Ted

(Last)

(First)

(Middle)

2722 W TUCKER DR

(Street)

SOUTH BEND

INDIANA

46624

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Strawberry Fields REIT, Inc. [ STRW ]

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

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/30/2026		C		125,000	A	$0.00	1,366,594	I	By: A&F Realty LLC

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

	/s/ Ted Lerman	07/24/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR