PERKINS DAVID F. (Vice President) purchased 41.6% of their position (49.33 shares) of STERLING REAL ESTATE TRUST on the open market

Open‑market purchase worth $1.2K — a major conviction buy. The strongest form of insider conviction signal.

P · 3 purchases

PERKINS DAVID F.

Filed: 7/17/2025ACC: 0001415889-25-019910

InsiderPERKINS DAVID F.CIK 2038741

→

IssuerSTERLING REAL ESTATE TRUSTCIK 1412502

Officer· Vice President

Since Sep 2024

+206.02

Net shares

Net buyer

$4.8K

Total acquired

Open market trades

3B · 0S

Total transactions

206.02 acquired

Non-Derivative Transactions11

Common Shares

Indirect

A · Award

+54.84

Price / share

$22.80

Trade value

$1.25K

% of position

1.3%

7/15/2025

4.17K→4.22K

Common Shares

Indirect

A · Award

+11.30

Price / share

$22.80

Trade value

$257.60

% of position

0.3%

7/15/2025

3.43K→3.45K

Common Shares

Indirect

A · Award

+5.86

Price / share

$22.80

Trade value

$133.55

% of position

1.3%

7/15/2025

445.16→451.02

Common Shares

Indirect

A · Award

+3.22

Price / share

$22.80

Trade value

$73.39

% of position

1.3%

7/15/2025

244.62→247.84

Common Shares

Indirect

A · Award

+2.02

Price / share

$22.80

Trade value

$46.15

% of position

1.3%

7/15/2025

153.82→155.85

Common Shares

Direct

A · Award

+13.66

Price / share

$22.80

Trade value

$311.41

% of position

0.1%

7/15/2025

12.98K→12.99K

Common Shares

Indirect

A · Award

+31.56

Price / share

$22.80

Trade value

$719.67

% of position

0.3%

7/15/2025

9.60K→9.63K

Common Shares

Indirect

A · Award

+34.22

Price / share

$22.80

Trade value

$780.31

% of position

1.3%

7/15/2025

2.60K→2.64K

Common Shares

Indirect

P · Purchase

+21.67

Price / share

$24.00

Trade value

$520.00

% of position

4.8%

7/15/2025

451.02→472.69

Common Shares

Indirect

P · Purchase

+15.50

Price / share

$24.00

Trade value

$372.00

% of position

6.3%

7/15/2025

247.84→263.34

Common Shares

Indirect

P · Purchase

+12.17

Price / share

$24.00

Trade value

$292.00

% of position

7.8%

7/15/2025

155.85→168.01

Total

Net shares

+206.02

Net value

$4.76K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Shares Indirect	7/15/2025	A · Award	+54.84	$22.80	$1.25K	1.3%	4.17K	4.22K
Common Shares Indirect	7/15/2025	A · Award	+11.30	$22.80	$257.60	0.3%	3.43K	3.45K
Common Shares Indirect	7/15/2025	A · Award	+5.86	$22.80	$133.55	1.3%	445.16	451.02
Common Shares Indirect	7/15/2025	A · Award	+3.22	$22.80	$73.39	1.3%	244.62	247.84
Common Shares Indirect	7/15/2025	A · Award	+2.02	$22.80	$46.15	1.3%	153.82	155.85
Common Shares Direct	7/15/2025	A · Award	+13.66	$22.80	$311.41	0.1%	12.98K	12.99K
Common Shares Indirect	7/15/2025	A · Award	+31.56	$22.80	$719.67	0.3%	9.60K	9.63K
Common Shares Indirect	7/15/2025	A · Award	+34.22	$22.80	$780.31	1.3%	2.60K	2.64K
Common Shares Indirect	7/15/2025	P · Purchase	+21.67	$24.00	$520.00	4.8%	451.02	472.69
Common Shares Indirect	7/15/2025	P · Purchase	+15.50	$24.00	$372.00	6.3%	247.84	263.34
Common Shares Indirect	7/15/2025	P · Purchase	+12.17	$24.00	$292.00	7.8%	155.85	168.01
Total			+206.02		$4.76K

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

9.48K

Shares owned

9.48K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

9.48K

Owned

9.48K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Limited Partnership Units Indirect	Common Shares	24	—	—	9.48K	9.48K
Total					9.48K	9.48K