Sun Communities (SUI) EVP, COO reports forfeiture of 10,200 restricted shares

Rhea-AI Filing Summary

Sun Communities Inc. executive equity update: An executive vice president and chief operating officer of Sun Communities Inc. reported the forfeiture of 10,200 shares of performance-based restricted common stock on 01/01/2026. These awards were originally granted on February 24, 2023 and were eligible to vest only if certain market performance criteria were achieved. The forfeiture occurred at a stated price of $0, indicating no cash proceeds were involved. Following this transaction, the executive now directly holds 57,224 shares of Sun Communities common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Thelen Bruce

Role EVP, COO

Type	Security	Shares	Price	Value
Disposition	COMMON STOCK, $0.01 PAR VALUE	10,200	$0.00	--

Holdings After Transaction: COMMON STOCK, $0.01 PAR VALUE — 57,224 shares (Direct)

Footnotes (1)

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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^*

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)
01/01/2026

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	01/01/2026		D		10,200(1)	D	$0	57,224	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:

1. Represents the forfeiture of performance-based restricted stock awards granted to the Reporting Person on February 24, 2023 that were eligible to vest based on the achievement of certain market performance criteria.

Remarks:

	Bruce Thelen	01/05/2026
	** 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 Sun Communities Inc (SUI) report for its EVP, COO?

The executive vice president and chief operating officer of Sun Communities Inc reported the forfeiture of 10,200 shares of performance-based restricted common stock on 01/01/2026 at a stated price of $0.

How many Sun Communities (SUI) shares does the reporting executive own after the transaction?

After the reported forfeiture, the executive directly owns 57,224 shares of Sun Communities common stock.

What type of Sun Communities (SUI) equity award was forfeited?

The forfeited equity consisted of performance-based restricted stock awards that had been granted on February 24, 2023 and were eligible to vest based on certain market performance criteria.

Why were Sun Communities (SUI) restricted stock awards forfeited?

The filing states that the 10,200 shares represent the forfeiture of performance-based restricted stock awards that were eligible to vest based on market performance criteria, indicating those criteria were not achieved.

Did the Sun Communities (SUI) executive receive any cash in this transaction?

No cash was reported in the transaction; the forfeiture of 10,200 restricted shares occurred at a stated price of $0.

What is the role of the reporting person at Sun Communities Inc (SUI)?

The reporting person is identified as an officer of Sun Communities Inc, serving as EVP, COO (executive vice president and chief operating officer).