Sun Communities (SUI) EVP Bruce Thelen reports 560-share tax withholding

Rhea-AI Filing Summary

SUN COMMUNITIES INC executive vice president and COO Bruce Thelen reported a routine tax-related share disposition. On this Form 4, 560 shares of common stock were withheld at $135.44 per share to cover tax obligations. After this non-market transaction, he directly holds 54,687 shares.

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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X

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^*

Thelen Bruce

(Last) (First) (Middle)

27777 FRANKLIN ROAD

SUITE 300

(Street)

SOUTHFIELD MI 48034

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SUN COMMUNITIES INC [ SUI ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

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, $0.01 PAR VALUE	03/09/2026		F		560	D	$135.44	54,687	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:

Remarks:

	Bruce Thelen	03/11/2026
	** 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.

FAQ

What insider transaction did Bruce Thelen report at SUN COMMUNITIES INC (SUI)?

Bruce Thelen reported a tax-related share disposition, where 560 SUN COMMUNITIES INC common shares were withheld at $135.44 per share. This Form 4 reflects payment of tax liability rather than an open-market sale, and he continues to hold 54,687 shares directly.

Was Bruce Thelen’s SUN COMMUNITIES INC (SUI) Form 4 a market sale or tax withholding?

The Form 4 shows a tax withholding, not a market sale. Code F indicates 560 common shares were delivered to satisfy tax obligations, with a price of $135.44 per share, while Bruce Thelen’s remaining direct ownership stands at 54,687 shares after the transaction.

How many SUN COMMUNITIES INC (SUI) shares does Bruce Thelen hold after this Form 4?

After the reported tax-withholding disposition, Bruce Thelen directly holds 54,687 SUN COMMUNITIES INC common shares. The filing shows 560 shares were used to cover tax liability, leaving this updated share balance as his direct ownership position in the company’s stock.

What does transaction code F mean in Bruce Thelen’s SUN COMMUNITIES INC (SUI) Form 4?

Transaction code F means shares were delivered to pay an exercise price or tax liability. In this case, 560 SUN COMMUNITIES INC common shares were withheld at $135.44 per share, reflecting a tax-withholding disposition rather than a discretionary buy or sell in the open market.

Does Bruce Thelen’s SUN COMMUNITIES INC (SUI) Form 4 indicate buying or selling shares?

The filing does not show an open-market buy or sell. Instead, it records a tax-withholding disposition of 560 SUN COMMUNITIES INC common shares, coded F, with a price of $135.44 per share, while Bruce Thelen maintains direct ownership of 54,687 shares afterward.