PEARSON DAVID TODD (Executive V.P.-Real Estate) purchased 3.0% of their position (1.36K shares) of SAUL CENTERS, INC. on the open market

Open‑market purchase worth $44.9K — a small addition. The strongest form of insider conviction signal.

P · 1 purchase

PEARSON DAVID TODD

Filed: 5/21/2025ACC: 0000907254-25-000086

InsiderPEARSON DAVID TODDCIK 1804456

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IssuerSAUL CENTERS, INC.CIK 907254

Officer· Executive V.P.-Real Estate

Since Mar 2020

+317.00

Net shares

Net buyer

$41.5K

Total sold

Open market trades

1B · 0S

Total transactions

1.52K acquired · 1.21K disposed

Non-Derivative Transactions3

Common Stock

Direct

F · Tax Withholding

−1.21K

Price / share

$34.39

Trade value

$41.47K

% of position

2.6%

5/17/2025

46.85K→45.64K

Common Stock

Direct

A · Award

+161.00

Price / share

$34.39

Trade value

$5.54K

% of position

0.4%

5/17/2025

45.64K→45.80K

Common Stock

Direct

P · Purchase

+1.36K

Price / share

$32.96

Trade value

$44.89K

% of position

3.0%

5/21/2025

45.80K→47.16K

Total

Net shares

+317.00

Net value

$8.95K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	5/17/2025	F · Tax Withholding	−1.21K	$34.39	$41.47K	2.6%	46.85K	45.64K
Common Stock Direct	5/17/2025	A · Award	+161.00	$34.39	$5.54K	0.4%	45.64K	45.80K
Common Stock Direct	5/21/2025	P · Purchase	+1.36K	$32.96	$44.89K	3.0%	45.80K	47.16K
Total			+317.00		$8.95K

Derivative Transactions0

No derivative transactions reported

Non-Derivative Holdings (Post-Transaction)1

Common Stock

Indirect

Shares owned2.28K

Total

2.28K indirect2.28K

Security Title	Shares Owned	Ownership Type
Common Stock	2.28K	Indirect
Total	2.28K	2.28K indirect

Derivative Holdings (Post-Transaction)10

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

59.41

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

49.46

Expiration

—

Exercise window

—

Performance Shares

Direct

Underlying security

Common Stock

Underlying shares

14K

Shares owned

14K

Exercise price

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Shares

Underlying shares

30K

Shares owned

30K

Exercise price

33.79

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

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

15K

Shares owned

15K

Exercise price

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

30K

Shares owned

30K

Exercise price

47.90

Expiration

—

Exercise window

—

Performance Shares

Direct

Underlying security

Common Stock

Underlying shares

17.50K

Shares owned

17.50K

Exercise price

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

25K

Shares owned

25K

Exercise price

43.89

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

7.50K

Shares owned

7.50K

Exercise price

55.71

Expiration

—

Exercise window

—

Total

Underlying

151.50K

Owned

151.50K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Employee Stock Option Direct	Common Stock	59.41	—	—	5K	5K
Employee Stock Option Direct	Common Stock	49.46	—	—	5K	5K
Performance Shares Direct	Common Stock	0	—	—	14K	14K
Employee Stock Option Direct	Common Shares	33.79	—	—	30K	30K
Director Stock Option Direct	Common Stock	33.79	—	—	2.50K	2.50K
Employee Stock Option Direct	Common Stock	50	—	—	15K	15K
Employee Stock Option Direct	Common Stock	47.90	—	—	30K	30K
Performance Shares Direct	Common Stock	0	—	—	17.50K	17.50K
Employee Stock Option Direct	Common Stock	43.89	—	—	25K	25K
Employee Stock Option Direct	Common Stock	55.71	—	—	7.50K	7.50K
Total					151.50K	151.50K