Bhairav Patel - Jan 1, 2023 Form 4 Insider Report for CENTERSPACE (CSR)

Role: EVP and CFO
Signature: Anne Olson, Attorney in Fact for Bhairav Patel
Stock symbol: CSR
Transactions as of: Jan 1, 2023
Transactions value $: $375,957
Form type: 4
Date filed: 1/4/2023, 02:03 PM
Previous filing: Jan 4, 2022
Next filing: Apr 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CSR	Common Shares of Beneficial Interest	Options Exercise	$0	+676		$0.00	676	Jan 1, 2023	Direct
transaction	CSR	Common Shares of Beneficial Interest	Tax liability	-$15K	-256	-37.87%	$58.67	420	Jan 1, 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CSR	Restricted Stock Units	Award	$0	+1.78K		$0.00	1.78K	Jan 1, 2023	Common Shares of Beneficial Interest	1.78K	$0.00	Direct	F2
transaction	CSR	Stock Options (Right to Buy)	Award	$391K	+6.66K		$58.67	6.66K	Jan 1, 2023	Common Shares of Beneficial Interest	6.66K	$58.67	Direct	F3
transaction	CSR	Restricted Stock Units	Options Exercise	$0	-676	-33.33%	$0.00	1.35K	Jan 1, 2023	Common Shares of Beneficial Interest	676	$0.00	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares withheld for payment of taxes in connection with the vesting of restricted stock units.
F2	Represents a time-based contingent right to receive 1,783 common shares of beneficial interest of Centerspace vesting over three years in one-third increments on each anniversary of the grant date: January 1, 2024, 2025 and 2026.
F3	Represents the right to purchase 6,664 common shares of beneficial interest of Centerspace, vesting over four years in one-fourth increments on each anniversary of the grant date: January 1, 2024, 2025, 2026 and 2027.