COLLICH JOHN (Sr. VP, Chief Acq. & Dev. Off.) received a stock award from SAUL CENTERS, INC.

Compensation award — not an open‑market transaction. Less informative as a directional signal.

A · 1 award

COLLICH JOHN

Filed: 3/12/2026ACC: 0000907254-26-000017

InsiderCOLLICH JOHNCIK 1228472

→

IssuerSAUL CENTERS, INC.CIK 907254

Officer· Sr. VP, Chief Acq. & Dev. Off.

Since May 2019

+300.00

Net shares

Net buyer

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

900.00 acquired · 600.00 disposed

Non-Derivative Transactions2

Common Stock

Direct

M · Option Exercise

+600.00

Price / share

—

Trade value

—

% of position

1.2%

3/11/2026

49.26K→49.86K

Common Stock

Direct

A · Award

+300.00

Price / share

—

Trade value

—

% of position

0.6%

3/11/2026

50.74K→51.04K

Total

Net shares

+900.00

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	3/11/2026	M · Option Exercise	+600.00	—	—	1.2%	49.26K	49.86K
Common Stock Direct	3/11/2026	A · Award	+300.00	—	—	0.6%	50.74K	51.04K
Total			+900.00		$0.00

Derivative Transactions2

Performance Shares

Direct

M · Option Exercise

Converts to

Common Stock

300.00 shares

−300.00

Strike price

Held after

900.00

Exercisable

—

3/11/2026

Performance Shares

Direct

M · Option Exercise

Converts to

Common Stock

300.00 shares

−300.00

Strike price

Held after

1.20K

Exercisable

—

3/11/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Performance Shares Direct	Common Stock300.00 shares	3/11/2026	M · Option Exercise	−300.00	0	—	900.00
Performance Shares Direct	Common Stock300.00 shares	3/11/2026	M · Option Exercise	−300.00	0	—	1.20K

Non-Derivative Holdings (Post-Transaction)3

Common Stock

Indirect

Shares owned2.22K

Common Stock

Indirect

Shares owned2.88K

Series E Preferred Stock

Direct

Shares owned872.00

Total

872.00 direct·5.10K indirect5.97K

Security Title	Shares Owned	Ownership Type
Common Stock	2.22K	Indirect
Common Stock	2.88K	Indirect
Series E Preferred Stock	872.00	Direct
Total	5.97K	872.00 direct·5.10K indirect

Derivative Holdings (Post-Transaction)8

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

20K

Shares owned

20K

Exercise price

55.71

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

20K

Shares owned

20K

Exercise price

33.79

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

20K

Shares owned

20K

Exercise price

49.46

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

20K

Shares owned

20K

Exercise price

43.89

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

20K

Shares owned

20K

Exercise price

57.74

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

20K

Shares owned

20K

Exercise price

47.90

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

20K

Shares owned

20K

Exercise price

59.41

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

20K

Shares owned

20K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

160K

Owned

160K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Employee Stock Option Direct	Common Stock	55.71	—	—	20K	20K
Employee Stock Option Direct	Common Stock	33.79	—	—	20K	20K
Employee Stock Option Direct	Common Stock	49.46	—	—	20K	20K
Employee Stock Option Direct	Common Stock	43.89	—	—	20K	20K
Employee Stock Option Direct	Common Stock	57.74	—	—	20K	20K
Employee Stock Option Direct	Common Stock	47.90	—	—	20K	20K
Employee Stock Option Direct	Common Stock	59.41	—	—	20K	20K
Employee Stock Option Direct	Common Stock	50	—	—	20K	20K
Total					160K	160K