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Vivmark awards director 2,710 restricted units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Vivmark Residential (VMRK) reported that director Conor C. Flynn received an award of 2,710 Restricted Units of Series 2026I limited partnership interests in ERP Operating Limited Partnership, the company’s operating partnership, as part of long-term compensation for service from August 17, 2026 to the 2027 annual shareholder meeting.

These Restricted Units automatically convert into an equal number of OP Units if a specified tax-related capital account target is reached within ten years, and OP Units are exchangeable on a one-for-one basis into common shares of beneficial interest or cash, at the company’s option. The units are scheduled to vest on August 17, 2027 and are subject to a holding restriction until August 17, 2028; the award reflects a direct holding of 2,710 units after the transaction.

Positive

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Negative

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Insider Flynn Conor C
Role Director
Type Security Shares Price Value
Grant/Award Restricted Units F1, F2, F3 2,710 $0.50 $1K
Holdings After Transaction: Restricted Units — 2,710 contracts (Direct)
Footnotes (3)
  1. F1. On August 17, 2026, the reporting person elected to receive a grant of Series 2026I restricted limited partnership interests ("RUs") in ERP Operating Limited Partnership (the "OP"), the operating partnership of Vivmark Residential (the "Company"), in connection with the Company's grant of long-term compensation for prospective service from August 17, 2026 to the 2027 Annual Meeting of Shareholders.
  2. F2. RUs are a class of partnership interest that automatically convert into an equal number of limited partnership interests of the OP ("OP Units") when the capital account related to the RUs reaches a specified target for federal income tax purposes (provided such target is reached within ten years of issuance). Subject to the vesting requirements of the grant and certain other restrictions, OP Units are exchangeable by the holder for common shares of the Company on a one-for-one basis or the cash value of such shares, at the Company's option. The RUs reflected in this report also include any OP Units into which such RUs automatically convert.
  3. F3. The RUs are scheduled to vest on August 17, 2027. In addition, the RUs (including any OP Units into which they may automatically convert) are subject to a holding restriction until August 17, 2028.
Restricted Units Granted 2,710 units Series 2026I Restricted Units awarded to Conor C. Flynn on August 17, 2026
Reference Grant Price $0.50 per unit Reported transaction price per Restricted Unit for the August 17, 2026 grant
Units Held After Transaction 2,710 units Total Restricted Units directly owned following the grant
Vesting Date August 17, 2027 Scheduled vesting date for the Restricted Units grant
Holding Restriction End August 17, 2028 End of holding restriction on the Restricted Units and related OP Units
Conversion Window 10 years from issuance Period within which capital account target must be reached for RUs to convert to OP Units
Expiration Date August 17, 2036 Expiration date reported for the Restricted Units derivative security
Restricted Units financial
"the reporting person elected to receive a grant of Series 2026I restricted limited partnership interests"
limited partnership interests financial
"a grant of Series 2026I restricted limited partnership interests ("RUs") in ERP Operating"
An ownership stake in a limited partnership gives an investor the role of a limited partner who provides capital but does not run day-to-day operations; a separate general partner manages the business. It matters because limited partners share profits, losses, and tax benefits but generally cannot lose more than they invested and have little control or liquidity—think of it like quietly funding a small business while someone else manages it, with potential return and risk tied to the venture’s performance.
OP Units financial
"convert into an equal number of limited partnership interests of the OP ("OP Units")"
OP units are ownership stakes in an operating partnership that sits beneath a public parent company, commonly used by real estate and energy firms to hold assets and distributions. Think of them like special shares in a subsidiary: they give economic rights to profits and cash payouts but are structured differently from the parent’s common stock, so investors watch OP unit issuance because it can change the effective ownership, future distributions, and potential dilution of the parent company’s equity.
capital account financial
"when the capital account related to the RUs reaches a specified target for federal income tax"
holding restriction financial
"RUs are subject to a holding restriction until August 17, 2028"

FAQ

What insider equity award was reported at VMRK in this Form 4?
Director Conor C. Flynn received an award of 2,710 Restricted Units of Series 2026I limited partnership interests in ERP Operating Limited Partnership as long-term compensation for service through the 2027 annual shareholder meeting.

How can the reported Restricted Units at VMRK ultimately convert into common shares?
The Restricted Units automatically convert into an equal number of OP Units if a tax-related capital account target is met within ten years. Subject to vesting and restrictions, OP Units are exchangeable one-for-one into Vivmark Residential common shares or cash, at the company’s option.

When do Conor C. Flynn’s Restricted Units at VMRK vest?
The reported Restricted Units are scheduled to vest on August 17, 2027. Vesting is part of the long-term compensation structure for prospective service from August 17, 2026 to the 2027 Annual Meeting of Shareholders.

Is there a holding period on the VMRK Restricted Units granted to Conor C. Flynn?
Yes. The Restricted Units, including any OP Units into which they may automatically convert, are subject to a holding restriction until August 17, 2028, limiting transfers before that date even after vesting.

What is Conor C. Flynn’s direct position in the reported Restricted Units of VMRK after this transaction?
Following the reported grant, Conor C. Flynn directly holds 2,710 Restricted Units. This position reflects the entire amount acquired in the transaction and is tied to Vivmark Residential’s operating partnership structure.

What was the reference price used for the VMRK Restricted Units grant?
The grant reflects a transaction price of $0.50 per unit for 2,710 Restricted Units. This price is used for reporting and accounting purposes and does not represent an open-market purchase or sale.

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SEC Form 4
FORM 4UNITED 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*
Flynn Conor C
(Last)(First)(Middle)
4040 WILSON BLVD., SUITE 1000
(Street)
ARLINGTON VIRGINIA 22203
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
VIVMARK RESIDENTIAL [ VMRK ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/17/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Units(1)(2)08/17/2026A2,710 (3)08/17/2036Common Shares Of Beneficial Interest2,710$0.52,710D
Explanation of Responses:
1. On August 17, 2026, the reporting person elected to receive a grant of Series 2026I restricted limited partnership interests ("RUs") in ERP Operating Limited Partnership (the "OP"), the operating partnership of Vivmark Residential (the "Company"), in connection with the Company's grant of long-term compensation for prospective service from August 17, 2026 to the 2027 Annual Meeting of Shareholders.
2. RUs are a class of partnership interest that automatically convert into an equal number of limited partnership interests of the OP ("OP Units") when the capital account related to the RUs reaches a specified target for federal income tax purposes (provided such target is reached within ten years of issuance). Subject to the vesting requirements of the grant and certain other restrictions, OP Units are exchangeable by the holder for common shares of the Company on a one-for-one basis or the cash value of such shares, at the Company's option. The RUs reflected in this report also include any OP Units into which such RUs automatically convert.
3. The RUs are scheduled to vest on August 17, 2027. In addition, the RUs (including any OP Units into which they may automatically convert) are subject to a holding restriction until August 17, 2028.
/s/ Samantha Thompson, Attorney-in-fact08/19/2026
** Signature of Reporting PersonDate
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