Sun Communities (SUI) director Shiffman reports 156,875 OP units in irrevocable trust

Rhea-AI Filing Summary

Sun Communities, Inc. director Gary A. Shiffman reported an indirect change in his holdings through a family trust. On 01/22/2022, his deceased mother contributed 156,875 Common Operating Partnership Units of Sun Communities Operating Limited Partnership to an irrevocable trust for which he serves as trustee and is a beneficiary. These units are convertible into the company’s common stock on a one-for-one basis and have no expiration date.

The units are reported as indirectly owned by Shiffman through the irrevocable trust, and the filing notes that he disclaims beneficial ownership except to the extent of his economic interest. The transaction is coded as a form of transfer and is being reported late due to an inadvertent error.

Insider Trade Summary

156,875 shares gifted

Mixed 1 txn

Insider SHIFFMAN GARY A

Role Director

Type	Security	Shares	Price	Value
Gift	COMMON OPERATING PARTNERSHIP UNITS	156,875	$0.00	--

Holdings After Transaction: COMMON OPERATING PARTNERSHIP UNITS — 156,875 shares (Indirect, Owned by irrevocable trust)

Footnotes (1)

1. The Reporting Person's deceased mother contributed 156,875 Common Operating Partnership Units of Sun Communities Operating Limited Partnership (the "Operating Partnership") to this irrevocable trust of which the Reporting Person is a trustee and a beneficiary. The Reporting Person disclaims beneficial ownership of the securities held by the trust except to the extent of his pecuniary interest therein. This transaction is being reported late due to an inadvertent error. The Common Operating Partnership Units of the Operating Partnership are convertible into Common Stock of the Issuer at any time on a one-for-one basis and have no expiration date.

Form 4 Insider Transactions: What Each Field Means →

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^*

SHIFFMAN GARY A

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/22/2022

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
COMMON OPERATING PARTNERSHIP UNITS	$0	01/22/2022		G		156,875(1)		(2)	(2)	COMMON STOCK, $0.01 PAR VALUE	156,875	$0	156,875	I	Owned by irrevocable trust(1)

Explanation of Responses:

1. The Reporting Person's deceased mother contributed 156,875 Common Operating Partnership Units of Sun Communities Operating Limited Partnership (the "Operating Partnership") to this irrevocable trust of which the Reporting Person is a trustee and a beneficiary. The Reporting Person disclaims beneficial ownership of the securities held by the trust except to the extent of his pecuniary interest therein. This transaction is being reported late due to an inadvertent error.

2. The Common Operating Partnership Units of the Operating Partnership are convertible into Common Stock of the Issuer at any time on a one-for-one basis and have no expiration date.

Remarks:

	Gary A. Shiffman	12/10/2025
	** 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 Sun Communities (SUI) disclose in this Form 4?

The filing reports that director Gary A. Shiffman indirectly acquired an interest in 156,875 Common Operating Partnership Units of Sun Communities Operating Limited Partnership through an irrevocable trust.

How are the reported operating partnership units related to Sun Communities (SUI) common stock?

The filing states that the Common Operating Partnership Units are convertible into Sun Communities common stock on a one-for-one basis and have no expiration date.

What is the nature of Gary A. Shiffman’s ownership of the reported Sun Communities (SUI) securities?

The units are indirectly owned by Shiffman through an irrevocable trust for which he is a trustee and beneficiary. He disclaims beneficial ownership of the securities held by the trust except to the extent of his pecuniary interest.

How did the trust come to hold the Sun Communities (SUI) operating partnership units?

The filing explains that Shiffman’s deceased mother contributed 156,875 Common Operating Partnership Units of the Operating Partnership to the irrevocable trust.

Why does the Form 4 for Sun Communities (SUI) describe the transaction as being reported late?

The document notes that this transaction is being reported late due to an inadvertent error.

What role does Gary A. Shiffman hold at Sun Communities (SUI)?

The filing identifies Gary A. Shiffman as a Director of Sun Communities, Inc.

What was the transaction date for the reported Sun Communities (SUI) units?

The reported transaction date for the contribution of the units to the trust is 01/22/2022.