KORSMO MICHELLE L. purchased 67.2% of their position (1.87K shares) of STERLING REAL ESTATE TRUST on the open market

Open‑market purchase worth $45.0K — a major conviction buy. The strongest form of insider conviction signal.

P · 4 purchases

KORSMO MICHELLE L.

Filed: 4/17/2025ACC: 0001415889-25-010848

InsiderKORSMO MICHELLE L.CIK 1709430

→

IssuerSTERLING REAL ESTATE TRUSTCIK 1412502

Other

Since Jul 2018

+2.35K

Net shares

Net buyer

$55.9K

Total acquired

Open market trades

4B · 0S

Total transactions

2.35K acquired

Non-Derivative Transactions8

Common Shares

Direct

A · Award

+312.80

Price / share

$22.80

Trade value

$7.13K

% of position

1.3%

4/15/2025

23.77K→24.09K

Common Shares

Direct

P · Purchase

+625.00

Price / share

$24.00

Trade value

$15K

% of position

2.6%

4/15/2025

24.09K→24.71K

Common Shares

Indirect

A · Award

+55.16

Price / share

$22.80

Trade value

$1.26K

% of position

1.3%

4/15/2025

4.19K→4.25K

Common Shares

Indirect

P · Purchase

+416.67

Price / share

$24.00

Trade value

$10K

% of position

9.8%

4/15/2025

4.25K→4.66K

Common Shares

Indirect

A · Award

+55.16

Price / share

$22.80

Trade value

$1.26K

% of position

1.3%

4/15/2025

4.19K→4.25K

Common Shares

Indirect

P · Purchase

+416.67

Price / share

$24.00

Trade value

$10K

% of position

9.8%

4/15/2025

4.25K→4.66K

Common Shares

Indirect

A · Award

+55.16

Price / share

$22.80

Trade value

$1.26K

% of position

1.3%

4/15/2025

4.19K→4.25K

Common Shares

Indirect

P · Purchase

+416.67

Price / share

$24.00

Trade value

$10K

% of position

9.8%

4/15/2025

4.25K→4.66K

Total

Net shares

+2.35K

Net value

$55.90K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Shares Direct	4/15/2025	A · Award	+312.80	$22.80	$7.13K	1.3%	23.77K	24.09K
Common Shares Direct	4/15/2025	P · Purchase	+625.00	$24.00	$15K	2.6%	24.09K	24.71K
Common Shares Indirect	4/15/2025	A · Award	+55.16	$22.80	$1.26K	1.3%	4.19K	4.25K
Common Shares Indirect	4/15/2025	P · Purchase	+416.67	$24.00	$10K	9.8%	4.25K	4.66K
Common Shares Indirect	4/15/2025	A · Award	+55.16	$22.80	$1.26K	1.3%	4.19K	4.25K
Common Shares Indirect	4/15/2025	P · Purchase	+416.67	$24.00	$10K	9.8%	4.25K	4.66K
Common Shares Indirect	4/15/2025	A · Award	+55.16	$22.80	$1.26K	1.3%	4.19K	4.25K
Common Shares Indirect	4/15/2025	P · Purchase	+416.67	$24.00	$10K	9.8%	4.25K	4.66K
Total			+2.35K		$55.90K

Derivative Transactions0

No derivative transactions reported

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)1

Limited Partnership Units

Indirect

Underlying security

Common Shares

Underlying shares

34.51K

Shares owned

34.51K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

34.51K

Owned

34.51K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Limited Partnership Units Indirect	Common Shares	24	—	—	34.51K	34.51K
Total					34.51K	34.51K