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Insider Trading Pulse — July 16, 2026

Insider Trading Pulse

By Gunpowder Editorial ·

50 high priority 50 total filings analysed

Executive Summary

The July 16, 2026 insider trading pulse reveals a market dominated by routine equity compensation awards and tax-withholding sales, with limited outright buying or selling. A notable cluster of insider buying emerged in Sterling Real Estate Trust, where multiple officers and a 10% owner purchased shares on the open market at $25.50, signaling internal conviction in the company's value.

Conversely, significant insider selling was concentrated in Essent Group Ltd., where the Chairman and CEO sold $5.13 million worth of shares under a 10b5-1 plan, and Sea Ltd., where the COO sold $1 million. The New Oriental Education & Technology Group saw multiple directors exercise options but sell a portion to cover taxes, a neutral signal. Overall, the day's activity suggests a cautious but not bearish sentiment, with real estate and credit funds attracting insider buying while financial and tech sectors saw profit-taking.

Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →

Filing types in this digest: Form 4

Tracking the trend? Catch up on the prior Insider Trading Pulse digest from July 15, 2026.

Investment Signals (10)

  • Chairman, CEO & President sold $5.13M at $65.23, a large disposition representing ~3.6% of his holdings, executed under a 10b5-1 plan. This is the most significant insider sale of the day and warrants monitoring for further selling.

  • Sea Ltd. (BEARISH)

    COO sold ~$1M at $109.67, and CCO/GC sold ~$92.6K at $109.74, both under 10b5-1 plans. The COO's sale is material (2.5% of holdings) and suggests a potential top at current levels.

  • 10% owner THRIVENT FINANCIAL bought $4M of Series D Preferred Shares at $25.00, a significant vote of confidence in the fund's credit strategy and dividend sustainability.

  • Multiple insiders (GC, Chairman, 10% owner, and others) bought shares at $25.50, totaling ~$153K in open-market purchases. This cluster of buying at a consistent price is a strong signal of undervaluation.

  • CEO awarded 836,500 employee stock options, and Co-CFO awarded 360,000 options. These large grants align management with long-term performance and signal confidence in future growth.

  • Multiple directors exercised options but sold shares to cover taxes (~$7.3M total). While not a bearish signal, the large volume of option exercises suggests insiders are monetizing equity, which could precede selling.

  • Director exercised 9,072 RSUs, converting to shares. No sale was reported, indicating retention and alignment with shareholders.

  • CEO and EVPs awarded phantom stock at $97.14, a deferred compensation mechanism that ties executive wealth to stock performance.

  • KROGER CO (NEUTRAL)

    Multiple directors awarded 3,660 shares each, a routine annual grant. No open-market buying or selling was reported, indicating a neutral insider stance.

  • CEO Regan Kenneth P was awarded only 175 shares, a relatively small grant compared to other insiders, suggesting limited equity incentive for top management.

Risk Flags (8)

Opportunities (8)

  • Multiple insiders bought shares at $25.50, including the GC, a 10% owner, and other officers. This cluster of buying at a consistent price suggests the stock is undervalued. The company's dividend yield and real estate assets provide a potential catalyst.

  • THRIVENT FINANCIAL bought $4M of Series D Preferred Shares at $25.00, a strong vote of confidence. The preferred shares offer a fixed income-like return with potential for capital appreciation.

  • CEO awarded 836,500 options, aligning management with long-term performance. The company's hotel portfolio and China travel recovery could drive growth.

  • Directors exercised options at $49.91, indicating they believe the stock is undervalued. The company's education and e-commerce businesses are growing.

  • Director converted RSUs to shares without selling, showing confidence in the EV maker's future. The company is expanding its product lineup.

  • CEO and EVPs awarded phantom stock at $97.14, a deferred compensation that aligns with shareholder value. The company's consumer staples business is defensive.

  • Multiple directors awarded shares, indicating board stability. The company's grocery business is resilient, and the stock offers a dividend.

  • Wieland James bought $25K of shares at $25.50, adding to his already large position. This is a strong signal of value.

Sector Themes (5)

  • Real Estate Insider Buying (OPPORTUNITY)

    Sterling Real Estate Trust saw a cluster of insider buying at $25.50, with multiple officers and a 10% owner purchasing shares. This suggests the sector may be undervalued, possibly due to interest rate concerns.

  • Tech Insider Selling (CAUTION)

    Sea Ltd. and Valens Semiconductor saw insider selling, while XPENG and LATTICE had only routine option exercises. This mixed signal suggests caution in the tech sector.

  • Financial Insider Neutrality (NEUTRAL)

    Associated Banc-Corp and Flagstar Bank had only routine dividend reinvestment and tax withholding, indicating no strong conviction from insiders.

  • Consumer Staples Insider Neutrality (NEUTRAL)

    Church & Dwight and Kroger had only phantom stock awards and director grants, with no open-market activity. This suggests insiders see fair value.

  • Chinese ADR Insider Activity (MIXED)

    Atour, New Oriental, and XPENG all had option exercises or grants, indicating insiders are aligning with long-term growth. However, no open-market buying was reported.

Watch List (7)

  • 👁

    Monitor for further insider selling after CEO's $5.13M sale. Earnings call expected in late July to discuss mortgage insurance trends.

  • Sea Ltd. (WATCH)
    👁

    Watch for additional insider selling after COO and CCO/GC sales. The company's e-commerce and gaming segments face competitive pressures.

  • Monitor insider buying activity; if more insiders buy at $25.50, it could confirm a bottom. The company's dividend yield is attractive.

  • Watch for further buying by THRIVENT FINANCIAL; the $4M preferred share purchase is a strong signal. The fund's credit portfolio performance is key.

  • Monitor for insider selling after option exercises; if insiders sell more, it could signal a top. The company's education business is recovering.

  • Watch for CEO option exercise; the large grant suggests confidence in growth. The company's hotel expansion in China is a catalyst.

  • Monitor for further director selling; the stock at $2.01 is near lows. The company's semiconductor products face demand uncertainty.

Filing Analyses (50)
XOMA Royalty Corp 4 neutral materiality 1/10

16-07-2026

Form 4 ownership filing; the structured EDGAR document could not be retrieved for automated parsing.

XPENG INC. 4 neutral materiality 5/10

16-07-2026

Director Yang Donghao exercised/converted 9,072 Class A ordinary shares. Yang Donghao holds 18,144 shares after the transaction.

  • · Director Yang Donghao exercised/converted 9,072 Class A ordinary shares
  • · Director Yang Donghao exercised/converted 9,072 Restricted Share Units
Atour Lifestyle Holdings Ltd 4 neutral materiality 6/10

16-07-2026

Chief Executive Officer Wang Haijun was awarded 418,250 Employee Stock Options (Right to buy).

  • · Chief Executive Officer Wang Haijun was awarded 418,250 Employee Stock Options (Right to buy)
  • · Chief Executive Officer Wang Haijun was awarded 250,950 Employee Stock Options (Right to buy)
  • · Chief Executive Officer Wang Haijun was awarded 167,300 Employee Stock Options (Right to buy)
Sea Ltd 4 negative materiality 2/10

16-07-2026

CCO and GC Wang Yanjun sold 844 Class A ordinary shares at $109.74 (~$92.6K). 10 transactions reported in total. Wang Yanjun holds 34,000 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

  • · CCO and GC Wang Yanjun sold 369 Class A ordinary shares at $108.94 (~$40.2K)
  • · CCO and GC Wang Yanjun sold 844 Class A ordinary shares at $109.74 (~$92.6K)
  • · CCO and GC Wang Yanjun sold 281 Class A ordinary shares at $110.58 (~$31.1K)
  • · CCO and GC Wang Yanjun sold 6 Class A ordinary shares at $111.42 (~$669)
  • · CCO and GC Wang Yanjun sold 11 Class A ordinary shares at $109.10 (~$1.2K)
  • · CCO and GC Wang Yanjun sold 568 Class A ordinary shares at $110.45 (~$62.7K)
  • · CCO and GC Wang Yanjun sold 261 Class A ordinary shares at $111.48 (~$29.1K)
  • · CCO and GC Wang Yanjun sold 289 Class A ordinary shares at $112.56 (~$32.5K)
Sea Ltd 4 negative materiality 6/10

16-07-2026

COO Ye Gang sold 9,147 Class A ordinary shares at $109.67 (~$1M). 10 transactions reported in total. Ye Gang holds 360,000 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

  • · COO Ye Gang sold 7,956 Class A ordinary shares at $109.00 (~$867K)
  • · COO Ye Gang sold 9,147 Class A ordinary shares at $109.67 (~$1M)
  • · COO Ye Gang sold 2,849 Class A ordinary shares at $110.73 (~$315K)
  • · COO Ye Gang sold 48 Class A ordinary shares at $111.43 (~$5.35K)
  • · COO Ye Gang sold 225 Class A ordinary shares at $109.07 (~$24.5K)
  • · COO Ye Gang sold 4,252 Class A ordinary shares at $110.76 (~$471K)
  • · COO Ye Gang sold 4,055 Class A ordinary shares at $111.60 (~$453K)
  • · COO Ye Gang sold 4,721 Class A ordinary shares at $112.57 (~$531K)
Essent Group Ltd. 4 negative materiality 7/10

16-07-2026

Chairman, CEO and President CASALE MARK sold 78,699 Common shares, par value $0.015 at $65.23 (~$5.13M). CASALE MARK holds 2,081,544 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

  • · Chairman, CEO and President CASALE MARK sold 23,900 Common shares, par value $0.015 at $65.07 (~$1.56M)
  • · Chairman, CEO and President CASALE MARK sold 78,699 Common shares, par value $0.015 at $65.23 (~$5.13M)
Atour Lifestyle Holdings Ltd 4 neutral materiality 5/10

16-07-2026

Co-chief financial officer Wang Shoudong was awarded 5,299 Employee Stock Options (Right to buy).

  • · Co-chief financial officer Wang Shoudong was awarded 5,299 Employee Stock Options (Right to buy)
  • · Co-chief financial officer Wang Shoudong was awarded 3,179 Employee Stock Options (Right to buy)
  • · Co-chief financial officer Wang Shoudong was awarded 2,120 Employee Stock Options (Right to buy)
Atour Lifestyle Holdings Ltd 4 neutral materiality 5/10

16-07-2026

Co-chief financial officer Wu Jianfeng was awarded 360,000 Employee Stock Options (Right to buy).

  • · Co-chief financial officer Wu Jianfeng was awarded 360,000 Employee Stock Options (Right to buy)
New Oriental Education & Technology Group Inc. 4 neutral materiality 5/10

16-07-2026

Director Zhuge Yue had withheld for taxes 830 ADS at $49.91 (~$41.4K). Zhuge Yue holds 2,170 shares after the transaction.

  • · Director Zhuge Yue exercised/converted 3,000 ADS
  • · Director Zhuge Yue had withheld for taxes 830 ADS at $49.91 (~$41.4K)
  • · Director Zhuge Yue exercised/converted 30,000 Restricted Share Units
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 negative materiality 3/10

16-07-2026

Controller Chen Chih-Ho sold 50 Common Shares (2330.TW) at $75.22 (~$3.76K). Chen Chih-Ho holds 363 shares after the transaction.

  • · Controller Chen Chih-Ho bought 50 Common Shares (2330.TW) at $74.60 (~$3.73K)
  • · Controller Chen Chih-Ho sold 50 Common Shares (2330.TW) at $75.22 (~$3.76K)
Atour Lifestyle Holdings Ltd 4 neutral materiality 5/10

16-07-2026

Chief compliance officer Gao Lijun was awarded 5,840 Employee Stock Options (Right to buy).

  • · Chief compliance officer Gao Lijun was awarded 5,840 Employee Stock Options (Right to buy)
  • · Chief compliance officer Gao Lijun was awarded 3,504 Employee Stock Options (Right to buy)
  • · Chief compliance officer Gao Lijun was awarded 2,337 Employee Stock Options (Right to buy)
New Oriental Education & Technology Group Inc. 4 neutral materiality 5/10

16-07-2026

Director Yu Michael Minhong had withheld for taxes 68,310 ADS at $49.91 (~$3.41M). Yu Michael Minhong holds 206,591 shares after the transaction.

  • · Director Yu Michael Minhong exercised/converted 150,000 ADS
  • · Director Yu Michael Minhong had withheld for taxes 68,310 ADS at $49.91 (~$3.41M)
  • · Director Yu Michael Minhong exercised/converted 1,500,000 Restricted Share Units
New Oriental Education & Technology Group Inc. 4 neutral materiality 5/10

16-07-2026

Executive President Yang Zhihui had withheld for taxes 45,360 ADS at $49.91 (~$2.26M). Yang Zhihui holds 232,178 shares after the transaction.

  • · Executive President Yang Zhihui exercised/converted 100,000 ADS
  • · Executive President Yang Zhihui had withheld for taxes 45,360 ADS at $49.91 (~$2.26M)
  • · Executive President Yang Zhihui exercised/converted 1,000,000 Restricted Share Units
New Oriental Education & Technology Group Inc. 4 neutral materiality 5/10

16-07-2026

Director Zhou Chenggang had withheld for taxes 32,501 ADS at $49.91 (~$1.62M). Zhou Chenggang holds 499,998 shares after the transaction.

  • · Director Zhou Chenggang exercised/converted 72,000 ADS
  • · Director Zhou Chenggang had withheld for taxes 32,501 ADS at $49.91 (~$1.62M)
  • · Director Zhou Chenggang exercised/converted 720,000 Restricted Share Units
Valens Semiconductor Ltd. 4 negative materiality 3/10

16-07-2026

Director LICHTMAN MOSHE sold 3,750 Ordinary Shares at $2.01 (~$7.52K). LICHTMAN MOSHE holds 122,700 shares after the transaction.

  • · Director LICHTMAN MOSHE sold 3,750 Ordinary Shares at $2.01 (~$7.52K)
Valens Semiconductor Ltd. 4 negative materiality 3/10

16-07-2026

Director Yaacobi Tal sold 3,750 Ordinary Shares at $2.01 (~$7.52K). Yaacobi Tal holds 68,498 shares after the transaction.

  • · Director Yaacobi Tal sold 3,750 Ordinary Shares at $2.01 (~$7.52K)
Vaxcyte, Inc. 4 neutral materiality 5/10

16-07-2026

Director Markels John was awarded 23,029 Stock Option (right to buy).

  • · Director Markels John was awarded 23,029 Stock Option (right to buy)
CHURCH & DWIGHT CO INC /DE/ 4 neutral materiality 3/10

16-07-2026

EVP Chief Tech&Global New Prod Linares Carlos G. was awarded 19.552 Phantom Stock at $97.14 (~$1.9K).

  • · EVP Chief Tech&Global New Prod Linares Carlos G. was awarded 19.552 Phantom Stock at $97.14 (~$1.9K)
CHURCH & DWIGHT CO INC /DE/ 4 neutral materiality 4/10

16-07-2026

President and CEO Dierker Richard A was awarded 44.524 Phantom Stock at $97.14 (~$4.33K).

  • · President and CEO Dierker Richard A was awarded 44.524 Phantom Stock at $97.14 (~$4.33K)
KROGER CO 4 neutral materiality 4/10

16-07-2026

Director Brown Kevin M was awarded 3,660 Common Stock. Brown Kevin M holds 25,465 shares after the transaction.

  • · Director Brown Kevin M was awarded 3,660 Common Stock
KROGER CO 4 neutral materiality 3/10

16-07-2026

Director Aufreiter Nora A was awarded 3,660 Common Stock. Aufreiter Nora A holds 52,967 shares after the transaction.

  • · Director Aufreiter Nora A was awarded 3,660 Common Stock
Johnson Controls International plc 4 neutral materiality 3/10

16-07-2026

EVP and CHRO Scalia Christopher M had withheld for taxes 2,070 Ordinary Shares at $145.24 (~$301K). Scalia Christopher M holds 23,878.47 shares after the transaction.

  • · EVP and CHRO Scalia Christopher M had withheld for taxes 1,831 Ordinary Shares at $145.24 (~$266K)
  • · EVP and CHRO Scalia Christopher M had withheld for taxes 2,070 Ordinary Shares at $145.24 (~$301K)
FLAGSTAR BANK, NATIONAL ASSOCIATION 4 neutral materiality 2/10

16-07-2026

EVP & Princ Accounting Officer Marx Bryan had withheld for taxes 1,259 Common Stock. Marx Bryan holds 88,664 shares after the transaction.

  • · EVP & Princ Accounting Officer Marx Bryan had withheld for taxes 1,259 Common Stock
KROGER CO 4 neutral materiality 3/10

16-07-2026

Vice President and Treasurer FIKE CARIN L had withheld for taxes 56 Common Stock at $56.56 (~$3.17K). FIKE CARIN L holds 50,683.054 shares after the transaction.

  • · Vice President and Treasurer FIKE CARIN L had withheld for taxes 56 Common Stock at $56.56 (~$3.17K)
CHURCH & DWIGHT CO INC /DE/ 4 neutral materiality 2/10

16-07-2026

EVP of Strategy, M&A, and BP Buchert Brian D was awarded 5.629 Phantom Stock at $97.14 (~$547).

  • · EVP of Strategy, M&A, and BP Buchert Brian D was awarded 5.629 Phantom Stock at $97.14 (~$547)
ASSOCIATED BANC-CORP 4 neutral materiality 3/10

16-07-2026

Chief Information Officer Williams Terry Lynn acquired 74.8238 Common Stock $0.01 Par Value at $30.64 (~$2.29K). Williams Terry Lynn holds 24,264.6022 shares after the transaction.

  • · Chief Information Officer Williams Terry Lynn acquired 74.8238 Common Stock $0.01 Par Value at $30.64 (~$2.29K)
KROGER CO 4 neutral materiality 4/10

16-07-2026

Director Butier Mitchell R was awarded 3,660 Common Stock. Butier Mitchell R holds 3,949 shares after the transaction.

  • · Director Butier Mitchell R was awarded 3,660 Common Stock
ASSOCIATED BANC-CORP 4 neutral materiality 2/10

16-07-2026

EVP, CHRO Manso Julio acquired 13.4628 Common Stock $0.01 Par Value at $30.64 (~$413). Manso Julio holds 14,901.4066 shares after the transaction.

  • · EVP, CHRO Manso Julio acquired 13.4628 Common Stock $0.01 Par Value at $30.64 (~$413)
KROGER CO 4 neutral materiality 4/10

16-07-2026

Director HOGUET KAREN M was awarded 3,660 Common Stock. HOGUET KAREN M holds 31,938 shares after the transaction.

  • · Director HOGUET KAREN M was awarded 3,660 Common Stock
KROGER CO 4 neutral materiality 4/10

16-07-2026

Director Gates Anne was awarded 3,660 Phantom Stock - Incentive Shares.

  • · Director Gates Anne was awarded 3,660 Phantom Stock - Incentive Shares
ASSOCIATED BANC-CORP 4 neutral materiality 3/10

16-07-2026

Executive Vice President Kitowski Nicole M acquired 24.6527 Common Stock $0.01 Par Value at $30.64 (~$755). Kitowski Nicole M holds 52,989.9702 shares after the transaction.

  • · Executive Vice President Kitowski Nicole M acquired 24.6527 Common Stock $0.01 Par Value at $30.64 (~$755)
ASSOCIATED BANC-CORP 4 neutral materiality 3/10

16-07-2026

EVP, President Private Wealth HLADIO JAYNE C acquired 12.6345 Common Stock $0.01 Par Value at $30.64 (~$387). HLADIO JAYNE C holds 16,633.7015 shares after the transaction.

  • · EVP, President Private Wealth HLADIO JAYNE C acquired 12.6345 Common Stock $0.01 Par Value at $30.64 (~$387)
ASSOCIATED BANC-CORP 4 neutral materiality 3/10

16-07-2026

Executive Vice President Utz John A. acquired 43.9798 Common Stock $0.01 Par Value at $30.64 (~$1.35K). Utz John A. holds 118,687.1674 shares after the transaction.

  • · Executive Vice President Utz John A. acquired 43.9798 Common Stock $0.01 Par Value at $30.64 (~$1.35K)
Traws Pharma, Inc. 4 neutral materiality 5/10

16-07-2026

Chief Science Officer Virology Pauza Charles David was awarded 97,000 Stock Option (right to buy).

  • · Chief Science Officer Virology Pauza Charles David was awarded 97,000 Stock Option (right to buy)
Sterling Real Estate Trust 4 neutral materiality 2/10

16-07-2026

Haugen Timothy was awarded 450 Commn Shares. Haugen Timothy holds 46,644.2926 shares after the transaction.

  • · Haugen Timothy was awarded 450 Commn Shares
Madison Air Solutions Corp 4 neutral materiality 5/10

16-07-2026

Chief Accounting Officer Wisniewski David M was awarded 19,808 Class A common stock. Wisniewski David M holds 19,808 shares after the transaction.

  • · Chief Accounting Officer Wisniewski David M was awarded 19,808 Class A common stock
LATTICE SEMICONDUCTOR CORP 4 neutral materiality 3/10

16-07-2026

SVP, Sales Shaikh Erhaan had withheld for taxes 805 Common Stock at $132.46 (~$107K). Shaikh Erhaan holds 91,112 shares after the transaction.

  • · SVP, Sales Shaikh Erhaan had withheld for taxes 805 Common Stock at $132.46 (~$107K)
Sterling Real Estate Trust 4 neutral materiality 3/10

16-07-2026

CHIEF INVESTMENT OFFICER Swenson Luke B. was awarded 131.0714 Common Shares at $24.22 (~$3.17K). 5 transactions reported in total. Swenson Luke B. holds 4,976.8474 shares after the transaction.

  • · CHIEF INVESTMENT OFFICER Swenson Luke B. was awarded 131.0714 Common Shares at $24.22 (~$3.17K)
  • · CHIEF INVESTMENT OFFICER Swenson Luke B. was awarded 5.4331 Common Shares at $24.22 (~$132)
  • · CHIEF INVESTMENT OFFICER Swenson Luke B. was awarded 3.9009 Common Shares at $24.22 (~$94.5)
  • · CHIEF INVESTMENT OFFICER Swenson Luke B. was awarded 131.0635 Common Shares at $24.22 (~$3.17K)
  • · CHIEF INVESTMENT OFFICER Swenson Luke B. was awarded 64.6577 Common Shares at $24.22 (~$1.57K)
Sterling Real Estate Trust 4 positive materiality 3/10

16-07-2026

GENERAL COUNSEL & SECRETARY Carlson Michael Paul bought 98.0392 Common Shares at $25.50 (~$2.5K). Carlson Michael Paul holds 539.3479 shares after the transaction.

  • · GENERAL COUNSEL & SECRETARY Carlson Michael Paul bought 98.0392 Common Shares at $25.50 (~$2.5K)
  • · GENERAL COUNSEL & SECRETARY Carlson Michael Paul was awarded 7.007 Common Shares at $24.22 (~$170)
Sterling Real Estate Trust 4 neutral materiality 3/10

16-07-2026

Vice President Perkins David F. was awarded 121.9562 Common Shares at $24.22 (~$2.95K). 8 transactions reported in total. Perkins David F. holds 3,857.1582 shares after the transaction.

  • · Vice President Perkins David F. was awarded 121.9562 Common Shares at $24.22 (~$2.95K)
  • · Vice President Perkins David F. was awarded 6.6346 Common Shares at $24.22 (~$161)
  • · Vice President Perkins David F. was awarded 3.8901 Common Shares at $24.22 (~$94.2)
  • · Vice President Perkins David F. was awarded 2.5119 Common Shares at $24.22 (~$60.8)
  • · Vice President Perkins David F. was awarded 63.3901 Common Shares at $24.22 (~$1.54K)
  • · Vice President Perkins David F. was awarded 11.4496 Common Shares at $24.22 (~$277)
  • · Vice President Perkins David F. was awarded 31.9876 Common Shares at $24.22 (~$775)
  • · Vice President Perkins David F. was awarded 50.111 Common Shares at $24.22 (~$1.21K)
Sterling Real Estate Trust 4 neutral materiality 3/10

16-07-2026

Hammes Gregory P. was awarded 18.1457 Common Shares at $24.22 (~$439). Hammes Gregory P. holds 601.0274 shares after the transaction.

  • · Hammes Gregory P. was awarded 18.1457 Common Shares at $24.22 (~$439)
  • · Hammes Gregory P. was awarded 315 Common Shares
  • · Hammes Gregory P. was awarded 7.8084 Common Shares at $24.22 (~$189)
Ares Dynamic Credit Allocation Fund, Inc. 4 positive materiality 7/10

16-07-2026

10% owner THRIVENT FINANCIAL FOR LUTHERANS bought 160,000 Mandatory Redeemable Preferred Shares, Series D at $25.00 (~$4M). THRIVENT FINANCIAL FOR LUTHERANS holds 160,000 shares after the transaction.

  • · 10% owner THRIVENT FINANCIAL FOR LUTHERANS bought 160,000 Mandatory Redeemable Preferred Shares, Series D at $25.00 (~$4M)
Sterling Real Estate Trust 4 positive materiality 5/10

16-07-2026

THOMSEN JOEL S. bought 3,921.5686 Common Shares at $25.50 (~$100K). 5 transactions reported in total. THOMSEN JOEL S. holds 4,998.2109 shares after the transaction.

  • · THOMSEN JOEL S. was awarded 417.8096 Common Shares at $24.22 (~$10.1K)
  • · THOMSEN JOEL S. was awarded 300 Common Shares
  • · THOMSEN JOEL S. bought 3,921.5686 Common Shares at $25.50 (~$100K)
  • · THOMSEN JOEL S. was awarded 39.4744 Common Shares at $24.22 (~$956)
  • · THOMSEN JOEL S. bought 1,960.7843 Common Shares at $25.50 (~$50K)
Sterling Real Estate Trust 4 neutral materiality 3/10

16-07-2026

PRESIDENT Schreiner Megan E. was awarded 74.3336 Common Shares at $24.22 (~$1.8K). 4 transactions reported in total. Schreiner Megan E. holds 189.4587 shares after the transaction.

  • · PRESIDENT Schreiner Megan E. was awarded 74.3336 Common Shares at $24.22 (~$1.8K)
  • · PRESIDENT Schreiner Megan E. was awarded 3.4512 Common Shares at $24.22 (~$83.6)
  • · PRESIDENT Schreiner Megan E. was awarded 3.4512 Common Shares at $24.22 (~$83.6)
  • · PRESIDENT Schreiner Megan E. was awarded 2.4611 Common Shares at $24.22 (~$59.6)
Sterling Real Estate Trust 4 neutral materiality 2/10

16-07-2026

CHAIRMAN, BOARD OF TRUSTEES Wolf Lance was awarded 1,436.2671 Common Shares at $24.22 (~$34.8K). Wolf Lance holds 7,582.8025 shares after the transaction.

  • · CHAIRMAN, BOARD OF TRUSTEES Wolf Lance was awarded 510 Common Shares
  • · CHAIRMAN, BOARD OF TRUSTEES Wolf Lance was awarded 1,436.2671 Common Shares at $24.22 (~$34.8K)
  • · CHAIRMAN, BOARD OF TRUSTEES Wolf Lance was awarded 98.5132 Common Shares at $24.22 (~$2.39K)
Sterling Real Estate Trust 4 positive materiality 2/10

16-07-2026

10% owner Wieland James was awarded 2,758.5974 Common Shares at $24.22 (~$66.8K). Wieland James holds 213,316.2551 shares after the transaction.

  • · 10% owner Wieland James was awarded 175.5144 Common Shares at $24.22 (~$4.25K)
  • · 10% owner Wieland James was awarded 2,758.5974 Common Shares at $24.22 (~$66.8K)
  • · 10% owner Wieland James bought 980.3921 Common Shares at $25.50 (~$25K)
Sterling Real Estate Trust 4 neutral materiality 3/10

16-07-2026

Polovitz Mark was awarded 33.3212 Common Shares at $24.22 (~$807). Polovitz Mark holds 2,894.8286 shares after the transaction.

  • · Polovitz Mark was awarded 330 Common Shares
  • · Polovitz Mark was awarded 33.3212 Common Shares at $24.22 (~$807)
Sterling Real Estate Trust 4 neutral materiality 2/10

16-07-2026

Hunt Timothy was awarded 985.4463 Common Shares at $24.22 (~$23.9K). Hunt Timothy holds 139,360.9246 shares after the transaction.

  • · Hunt Timothy was awarded 0 Common Shares at $25.50
  • · Hunt Timothy was awarded 985.4463 Common Shares at $24.22 (~$23.9K)
Sterling Real Estate Trust 4 neutral materiality 4/10

16-07-2026

CHIEF EXECUTIVE OFFICER Regan Kenneth P was awarded 175.5144 Common Shares at $24.22 (~$4.25K). Regan Kenneth P holds 13,509.7725 shares after the transaction.

  • · CHIEF EXECUTIVE OFFICER Regan Kenneth P was awarded 175.5144 Common Shares at $24.22 (~$4.25K)
Sterling Real Estate Trust 4 positive materiality 3/10

16-07-2026

Korsmo Michelle L. bought 980.3921 Common Shares at $25.50 (~$25K). 8 transactions reported in total. Korsmo Michelle L. holds 7,455.1973 shares after the transaction.

  • · Korsmo Michelle L. was awarded 345 Common Shares
  • · Korsmo Michelle L. was awarded 366.6692 Common Shares at $24.22 (~$8.88K)
  • · Korsmo Michelle L. was awarded 84.1184 Common Shares at $24.22 (~$2.04K)
  • · Korsmo Michelle L. was awarded 84.1184 Common Shares at $24.22 (~$2.04K)
  • · Korsmo Michelle L. was awarded 84.1184 Common Shares at $24.22 (~$2.04K)
  • · Korsmo Michelle L. bought 980.3921 Common Shares at $25.50 (~$25K)
  • · Korsmo Michelle L. bought 980.3921 Common Shares at $25.50 (~$25K)
  • · Korsmo Michelle L. bought 980.3921 Common Shares at $25.50 (~$25K)

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