Sun Communities (SUI) EVP, COO logs 317-share tax-withholding transaction

Rhea-AI Filing Summary

Sun Communities Inc. executive Bruce Thelen, EVP and COO, reported a tax-related share disposition. On February 11, 2026, he disposed of 317 shares of Sun Communities common stock in a transaction coded "F," which represents shares withheld to cover a tax liability or exercise price at $127.81 per share. After this transaction, he directly beneficially owned 56,907 shares of Sun Communities common stock.

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^*

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)
02/11/2026

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	02/11/2026		F		317	D	$127.81	56,907	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	02/12/2026
	** 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.
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FAQ

What insider transaction did Sun Communities (SUI) report for Bruce Thelen?

Sun Communities reported that EVP and COO Bruce Thelen disposed of 317 shares of common stock on February 11, 2026. The transaction was coded “F,” meaning shares were withheld to satisfy a tax liability or exercise price, rather than an open-market purchase or sale.

What does transaction code "F" mean in the Sun Communities (SUI) Form 4?

Transaction code “F” indicates payment of an exercise price or tax liability by delivering or withholding shares. In this filing, 317 shares of Sun Communities common stock were used in a tax-withholding disposition, not an ordinary buy or sell on the open market.

How many Sun Communities (SUI) shares does Bruce Thelen own after this transaction?

After the reported transaction, EVP and COO Bruce Thelen beneficially owns 56,907 shares of Sun Communities common stock. The Form 4 shows this as direct ownership, reflecting his holdings following the 317-share tax-withholding disposition on February 11, 2026.

Was the Sun Communities (SUI) insider transaction an open-market sale?

No, the transaction was not an open-market sale. It was coded “F,” which means the 317 shares were disposed of to pay an exercise price or tax liability. This type of transaction typically occurs automatically under equity award or withholding arrangements.

What role does Bruce Thelen hold at Sun Communities (SUI)?

Bruce Thelen serves as Executive Vice President and Chief Operating Officer at Sun Communities. His position is disclosed in the Form 4, where he is identified as an officer rather than a director or 10% owner, and he reported the 317-share tax-withholding disposition.