KORSMO MICHELLE L. purchased 65.2% of their position (2.94K shares) of STERLING REAL ESTATE TRUST on the open market

Open‑market purchase worth $75.0K — a major conviction buy. The strongest form of insider conviction signal.

P · 3 purchases

KORSMO MICHELLE L.

Filed: 7/16/2026ACC: 0001709430-26-000006

InsiderKORSMO MICHELLE L.CIK 1709430

→

IssuerSTERLING REAL ESTATE TRUSTCIK 1412502

Other

Since Jul 2018

+3.91K

Net shares

Net buyer

$90.0K

Total acquired

Open market trades

3B · 0S

Total transactions

3.91K acquired

Non-Derivative Transactions8

Common Shares

Direct

A · Award

+345.00

Price / share

—

Trade value

—

% of position

1.2%

7/15/2026

27.86K→28.20K

Common Shares

Direct

A · Award

+366.67

Price / share

$24.22

Trade value

$8.88K

% of position

1.3%

7/15/2026

28.20K→28.57K

Common Shares

Indirect

A · Award

+84.12

Price / share

$24.22

Trade value

$2.04K

% of position

1.3%

7/15/2026

6.39K→6.47K

Common Shares

Indirect

A · Award

+84.12

Price / share

$24.22

Trade value

$2.04K

% of position

1.3%

7/15/2026

6.39K→6.47K

Common Shares

Indirect

A · Award

+84.12

Price / share

$24.22

Trade value

$2.04K

% of position

1.3%

7/15/2026

6.39K→6.47K

Common Shares

Indirect

P · Purchase

+980.39

Price / share

$25.50

Trade value

$25K

% of position

15.1%

7/15/2026

6.47K→7.46K

Common Shares

Indirect

P · Purchase

+980.39

Price / share

$25.50

Trade value

$25K

% of position

15.1%

7/15/2026

6.47K→7.46K

Common Shares

Indirect

P · Purchase

+980.39

Price / share

$25.50

Trade value

$25K

% of position

15.1%

7/15/2026

6.47K→7.46K

Total

Net shares

+3.91K

Net value

$89.99K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Shares Direct	7/15/2026	A · Award	+345.00	—	—	1.2%	27.86K	28.20K
Common Shares Direct	7/15/2026	A · Award	+366.67	$24.22	$8.88K	1.3%	28.20K	28.57K
Common Shares Indirect	7/15/2026	A · Award	+84.12	$24.22	$2.04K	1.3%	6.39K	6.47K
Common Shares Indirect	7/15/2026	A · Award	+84.12	$24.22	$2.04K	1.3%	6.39K	6.47K
Common Shares Indirect	7/15/2026	A · Award	+84.12	$24.22	$2.04K	1.3%	6.39K	6.47K
Common Shares Indirect	7/15/2026	P · Purchase	+980.39	$25.50	$25K	15.1%	6.47K	7.46K
Common Shares Indirect	7/15/2026	P · Purchase	+980.39	$25.50	$25K	15.1%	6.47K	7.46K
Common Shares Indirect	7/15/2026	P · Purchase	+980.39	$25.50	$25K	15.1%	6.47K	7.46K
Total			+3.91K		$89.99K

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

25.50

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	25.50	—	—	34.51K	34.51K
Total					34.51K	34.51K