LANSDALE JAMES PAGE (President and Chief Oper. Off.) sold 91.5% of their position (6.22K shares) of SAUL CENTERS, INC. on the open market

Open‑market sale worth $235.8K — a major position exit. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 2 sales

LANSDALE JAMES PAGE

Filed: 3/8/2024ACC: 0000907254-24-000024

InsiderLANSDALE JAMES PAGECIK 1472379

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IssuerSAUL CENTERS, INC.CIK 907254

DirectorOfficer· President and Chief Oper. Off.

Since May 2019

-6.22K

Net shares

Net seller

$235.8K

Total sold

Open market trades

0B · 2S

Total transactions

6.22K disposed

Non-Derivative Transactions2

Common Shares

Direct

S · Sale

−5.50K

Price / share

$37.89

Trade value

$208.49K

% of position

80.9%

3/6/2024

6.80K→1.30K

Common Shares

Direct

S · Sale

−722.00

Price / share

$37.84

Trade value

$27.32K

% of position

55.6%

3/7/2024

1.30K→576.00

Total

Net shares

−6.22K

Net value

-$235.81K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Shares Direct	3/6/2024	S · Sale	−5.50K	$37.89	$208.49K	80.9%	6.80K	1.30K
Common Shares Direct	3/7/2024	S · Sale	−722.00	$37.84	$27.32K	55.6%	1.30K	576.00
Total			−6.22K		-$235.81K

Derivative Transactions0

No derivative transactions reported

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)14

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

59.41

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

57.74

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

51.07

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

30K

Shares owned

30K

Exercise price

59.41

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

30K

Shares owned

30K

Exercise price

49.46

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

30K

Shares owned

30K

Exercise price

51.07

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

30K

Shares owned

30K

Exercise price

57.74

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

47.90

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

49.46

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

55.71

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

43.89

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

30K

Shares owned

30K

Exercise price

55.71

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

33.79

Expiration

—

Exercise window

—

Total

Underlying

172.50K

Owned

172.50K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Director Stock Option Direct	Common Stock	59.41	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	57.74	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	51.07	—	—	2.50K	2.50K
Employee Stock Option Direct	Common Stock	59.41	—	—	30K	30K
Employee Stock Option Direct	Common Stock	49.46	—	—	30K	30K
Employee Stock Option Direct	Common Stock	51.07	—	—	30K	30K
Employee Stock Option Direct	Common Stock	57.74	—	—	30K	30K
Director Stock Option Direct	Common Stock	50	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	47.90	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	49.46	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	55.71	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	43.89	—	—	2.50K	2.50K
Employee Stock Option Direct	Common Stock	55.71	—	—	30K	30K
Director Stock Option Direct	Common Stock	33.79	—	—	2.50K	2.50K
Total					172.50K	172.50K