[Form 4] Veris Residential, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Alarm.com Holdings, Inc. (ALRM) – Form 4 Insider Transaction

Chief Financial Officer Kevin Christopher Bradley reported the mandatory sale of 754 common shares on 07/02/2025 at a weighted-average price of $56.75 (price range $56.20–$57.00). The transaction was executed under the company’s “sell-to-cover” program to satisfy tax-withholding obligations arising from the vesting of restricted stock units (RSUs); it was not a discretionary trade. After the transaction, Bradley continues to directly own 53,056 shares, maintaining significant equity alignment with shareholders.

No derivative securities were involved, and there are no additional transactions disclosed in this filing.

Positive

• CFO retains 53,056 shares, indicating continued equity alignment with shareholders.

Negative

• Insider sale, albeit mandatory, could be perceived negatively by some momentum investors.

Insights

Corporate Governance Expert

TL;DR: Routine sell-to-cover by CFO; minimal governance concern, neutral market impact.

This Form 4 reflects a standard administrative action rather than an elective share disposal. Under company policy, executives must sell enough shares to cover payroll taxes upon RSU settlement. The 754-share sale represents roughly 1.4% of Bradley’s post-sale holdings, a de-minimis amount that does not materially alter his ownership stake or incentives. Because the trade was executed under a structured plan and disclosed promptly, it poses negligible governance risk and should not be interpreted as a signal of insider sentiment.

Financial Analyst

TL;DR: Transaction size immaterial; no change to ALRM investment thesis.

At approximately $43k gross value, this forced sale is immaterial relative to Alarm.com’s daily trading volume and the CFO’s remaining stake. Investors typically discount sell-to-cover trades because they are tax-driven. Bradley retains over $3 million in stock value at current prices, preserving alignment with long-term performance. Therefore, the filing is non-impactful for valuation models, sentiment gauges, or liquidity assessments.

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^*

KATZ A. AKIVA

(Last) (First) (Middle)

C/O BOW STREET LLC

595 MADISON AVENUE, 29TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Veris Residential, Inc. [ VRE ]

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)
06/30/2025

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
Phantom Stock Units	$0(1)	06/30/2025		A		1,886.522(2)		(3)	(3)	Common Stock, $0.01 par value	1,886.522	$14.89	23,127.63	D

Explanation of Responses:

1. The phantom stock units convert to common stock on a one-for-one basis.

2. The number of phantom stock units awarded is comprised of a quarterly director's fee earned and a quarterly dividend credited on cumulative phantom stock units under the Veris Residential, Inc. Deferred Compensation Plan for Directors.

3. The phantom stock units were accrued under the Veris Residential, Inc. Deferred Compensation Plan for Directors and are to be settled 100% in Veris Residential, Inc. common stock upon the termination of the reporting person's service on the Board of Directors of Veris Residential, Inc. or upon a change in control of Veris Residential, Inc.

	/s/ A. Akiva Katz	07/02/2025
	** 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

How many Alarm.com (ALRM) shares did the CFO sell?

754 common shares were sold.

What was the sale price in the ALRM Form 4 filing?

The weighted-average price was $56.75, with trades executed between $56.20 and $57.00.

Why did the CFO sell shares in Alarm.com?

The sale was a mandatory “sell-to-cover” transaction to pay taxes on vested RSUs.

How many Alarm.com shares does the CFO still own after the sale?

He directly owns 53,056 shares following the reported transaction.

Does this insider transaction signal a change in outlook for ALRM?

Analysts view the sale as administrative and non-impactful, with no implication for the company’s outlook.