HEKEMIAN ROBERT S JR (Chief Executive Officer) exercised options at FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 2 exercises

HEKEMIAN ROBERT S JR

Filed: 10/27/2022ACC: 0001174947-22-001106

InsiderHEKEMIAN ROBERT S JRCIK 1387241

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IssuerFIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.CIK 36840

DirectorOfficer· Chief Executive Officer

Since Mar 2026

+46K

Net shares

Net buyer

$251.8K

Total acquired

Open market trades

0B · 0S

Total transactions

46K acquired

Non-Derivative Transactions2

Common Stock, par value $0.01 per share

Direct

M · Option Exercise

+19K

Price / share

$10.95

Trade value

$208.05K

% of position

12.6%

10/26/2022

151.24K→170.24K

Common Stock, par value $0.01 per share

Direct

M · Option Exercise

+4K

Price / share

$10.95

Trade value

$43.80K

% of position

2.3%

10/26/2022

170.24K→174.24K

Total

Net shares

+23K

Net value

$251.85K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock, par value $0.01 per share Direct	10/26/2022	M · Option Exercise	+19K	$10.95	$208.05K	12.6%	151.24K	170.24K
Common Stock, par value $0.01 per share Direct	10/26/2022	M · Option Exercise	+4K	$10.95	$43.80K	2.3%	170.24K	174.24K
Total			+23K		$251.85K

Derivative Transactions2

Option to Purchase

Direct

D · Disposition

Converts to

Common Stock, par value $0.01 per share

19K shares

+19K

Strike price

10.95

Held after

0.00

Exercisable

—

10/26/2022

Option to Purchase

Direct

D · Disposition

Converts to

Common Stock, par value $0.01 per share

4K shares

+4K

Strike price

10.95

Held after

0.00

Exercisable

—

10/26/2022

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Option to Purchase Direct	Common Stock, par value $0.01 per share19K shares	10/26/2022	D · Disposition	+19K	10.95	—	0.00
Option to Purchase Direct	Common Stock, par value $0.01 per share4K shares	10/26/2022	D · Disposition	+4K	10.95	—	0.00

Non-Derivative Holdings (Post-Transaction)5

Common Stock, par value $0.01 per share

Indirect

Shares owned9.24K

Common Stock, par value $0.01 per share

Indirect

Shares owned11K

Common Stock, par value $0.01 per share

Indirect

Shares owned102.22K

Common Stock, par value $0.01 per share

Indirect

Shares owned25.46K

Common Stock, par value $0.01 per share

Indirect

Shares owned1K

Total

148.91K indirect148.91K

Security Title	Shares Owned	Ownership Type
Common Stock, par value $0.01 per share	9.24K	Indirect
Common Stock, par value $0.01 per share	11K	Indirect
Common Stock, par value $0.01 per share	102.22K	Indirect
Common Stock, par value $0.01 per share	25.46K	Indirect
Common Stock, par value $0.01 per share	1K	Indirect
Total	148.91K	148.91K indirect

Derivative Holdings (Post-Transaction)0

No derivative holdings reported