Joshua Ungerecht - Jun 26, 2023 Form 3 Insider Report for ExchangeRight Income Fund (NONE)

Role
Director
Signature
/s/ Nicholas Partenza, as Attorney-in-Fact
Stock symbol
NONE
Transactions as of
Jun 26, 2023
Transactions value $
$0
Form type
3
Date filed
6/26/2023, 09:04 AM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NONE Class A Common Shares of beneficial interest 4.07K Jun 26, 2023 See footnote 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
holding NONE Operating Partnership Units Jun 26, 2023 Class I Common Shares of beneficial interest 16.2K See footnote F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported shares are held in a revocable trust for the benefit of Mr. Ungerecht and his wife and children. Mr. Ungerecht is the co-trustee of the revocable trust, along with his wife, which holds the shares, and in this capacity he shared voting and dispositive power with his wife with respect to the shares. Mr. Ungerecht disclaims beneficial ownership with respect to the shares directly held by this revocable trust.
F2 Represents common units of limited partnership interest in ExchangeRight Income Fund Operating Partnership, LP ("Operating Partnership Units"), which may, subject to certain restrictions, be exchanged for a corresponding number of Class I Common Shares of beneficial interest, $0.01 par value per share, of ExchangeRight Income Fund. Operating Partnership Units do not expire.
F3 Represents Operating Partnership Units held in an irrevocable trust for the benefit of Mr. Ungerecht's grandmother, and her estate. Mr. Ungerecht is the co-trustee of the irrevocable trust, along with Mr. Ungerecht's aunt, which holds the Operating Partnership Units, and in this capacity he has shared voting and dispositive power with his aunt with respect to the units. Mr. Ungerecht disclaims beneficial ownership with respect to the shares directly held by this irrevocable trust. The reported Operating Partnership Units are redeemable for cash or, at the Company's option, Class I Common Shares on a one-for-one basis (subject to certain adjustments).

Remarks:

Exhibit 24 - Power of Attorney