PEARSON DAVID TODD (Executive V.P.-Real Estate) purchased 7.1% of their position (3.35K shares) of SAUL CENTERS, INC. on the open market

Open‑market purchase worth $100.0K — a moderate purchase. The strongest form of insider conviction signal.

P · 1 purchase

PEARSON DAVID TODD

Filed: 11/13/2025ACC: 0001804456-25-000003

InsiderPEARSON DAVID TODDCIK 1804456

→

IssuerSAUL CENTERS, INC.CIK 907254

Officer· Executive V.P.-Real Estate

Since Mar 2020

+3.35K

Net shares

Net buyer

$100.0K

Total acquired

Open market trades

1B · 0S

Total transactions

3.35K acquired

Non-Derivative Transactions1

Common Stock

Direct

P · Purchase

+3.35K

Price / share

$29.86

Trade value

$99.98K

% of position

7.1%

11/12/2025

47.22K→50.57K

Total

Net shares

+3.35K

Net value

$99.98K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	11/12/2025	P · Purchase	+3.35K	$29.86	$99.98K	7.1%	47.22K	50.57K
Total			+3.35K		$99.98K

Derivative Transactions0

No derivative transactions reported

Non-Derivative Holdings (Post-Transaction)1

Common Stock

Indirect

Shares owned2.37K

Total

2.37K indirect2.37K

Security Title	Shares Owned	Ownership Type
Common Stock	2.37K	Indirect
Total	2.37K	2.37K 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

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

15K

Shares owned

15K

Exercise price

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

30K

Shares owned

30K

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

33.79

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

25K

Shares owned

25K

Exercise price

43.89

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 Stock

Underlying shares

7.50K

Shares owned

7.50K

Exercise price

55.71

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Shares

Underlying shares

30K

Shares owned

30K

Exercise price

33.79

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
Employee Stock Option Direct	Common Stock	50	—	—	15K	15K
Performance Shares Direct	Common Stock	0	—	—	17.50K	17.50K
Employee Stock Option Direct	Common Stock	47.90	—	—	30K	30K
Director Stock Option Direct	Common Stock	33.79	—	—	2.50K	2.50K
Employee Stock Option Direct	Common Stock	43.89	—	—	25K	25K
Performance Shares Direct	Common Stock	0	—	—	14K	14K
Employee Stock Option Direct	Common Stock	55.71	—	—	7.50K	7.50K
Employee Stock Option Direct	Common Shares	33.79	—	—	30K	30K
Total					151.50K	151.50K