PERKINS DAVID F. (Vice President) purchased 68.4% of their position (1.51K shares) of STERLING REAL ESTATE TRUST on the open market

Open‑market purchase worth $36.2K — a major conviction buy. The strongest form of insider conviction signal.

P · 5 purchases

PERKINS DAVID F.

Filed: 10/17/2025ACC: 0002038741-25-000003

InsiderPERKINS DAVID F.CIK 2038741

→

IssuerSTERLING REAL ESTATE TRUSTCIK 1412502

Officer· Vice President

Since Sep 2024

+1.82K

Net shares

Net buyer

$43.4K

Total acquired

Open market trades

5B · 0S

Total transactions

1.82K acquired

Non-Derivative Transactions13

Common Shares

Direct

A · Award

+170.91

Price / share

$22.80

Trade value

$3.90K

% of position

1.3%

10/15/2025

12.99K→13.16K

Common Shares

Indirect

A · Award

+55.56

Price / share

$22.80

Trade value

$1.27K

% of position

1.3%

10/15/2025

4.22K→4.28K

Common Shares

Indirect

P · Purchase

+416.67

Price / share

$24.00

Trade value

$10K

% of position

9.7%

10/15/2025

4.28K→4.70K

Common Shares

Indirect

A · Award

+11.34

Price / share

$22.80

Trade value

$258.45

% of position

0.3%

10/15/2025

3.45K→3.46K

Common Shares

Indirect

A · Award

+6.22

Price / share

$22.80

Trade value

$141.81

% of position

1.3%

10/15/2025

472.69→478.91

Common Shares

Indirect

P · Purchase

+12.50

Price / share

$24.00

Trade value

$300.00

% of position

2.6%

10/15/2025

478.91→491.41

Common Shares

Indirect

A · Award

+3.46

Price / share

$22.80

Trade value

$79.00

% of position

1.3%

10/15/2025

263.34→266.81

Common Shares

Indirect

P · Purchase

+21.33

Price / share

$24.00

Trade value

$511.92

% of position

8.0%

10/15/2025

266.81→288.14

Common Shares

Indirect

A · Award

+2.21

Price / share

$22.80

Trade value

$50.40

% of position

1.3%

10/15/2025

168.01→170.22

Common Shares

Indirect

P · Purchase

+15.83

Price / share

$24.00

Trade value

$379.92

% of position

9.3%

10/15/2025

170.22→186.05

Common Shares

Indirect

A · Award

+31.67

Price / share

$22.80

Trade value

$722.04

% of position

0.3%

10/15/2025

9.63K→9.66K

Common Shares

Indirect

A · Award

+34.67

Price / share

$22.80

Trade value

$790.58

% of position

1.3%

10/15/2025

2.64K→2.67K

Common Shares

Indirect

P · Purchase

+1.04K

Price / share

$24.00

Trade value

$25K

% of position

39.0%

10/15/2025

2.67K→3.71K

Total

Net shares

+1.82K

Net value

$43.40K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Shares Direct	10/15/2025	A · Award	+170.91	$22.80	$3.90K	1.3%	12.99K	13.16K
Common Shares Indirect	10/15/2025	A · Award	+55.56	$22.80	$1.27K	1.3%	4.22K	4.28K
Common Shares Indirect	10/15/2025	P · Purchase	+416.67	$24.00	$10K	9.7%	4.28K	4.70K
Common Shares Indirect	10/15/2025	A · Award	+11.34	$22.80	$258.45	0.3%	3.45K	3.46K
Common Shares Indirect	10/15/2025	A · Award	+6.22	$22.80	$141.81	1.3%	472.69	478.91
Common Shares Indirect	10/15/2025	P · Purchase	+12.50	$24.00	$300.00	2.6%	478.91	491.41
Common Shares Indirect	10/15/2025	A · Award	+3.46	$22.80	$79.00	1.3%	263.34	266.81
Common Shares Indirect	10/15/2025	P · Purchase	+21.33	$24.00	$511.92	8.0%	266.81	288.14
Common Shares Indirect	10/15/2025	A · Award	+2.21	$22.80	$50.40	1.3%	168.01	170.22
Common Shares Indirect	10/15/2025	P · Purchase	+15.83	$24.00	$379.92	9.3%	170.22	186.05
Common Shares Indirect	10/15/2025	A · Award	+31.67	$22.80	$722.04	0.3%	9.63K	9.66K
Common Shares Indirect	10/15/2025	A · Award	+34.67	$22.80	$790.58	1.3%	2.64K	2.67K
Common Shares Indirect	10/15/2025	P · Purchase	+1.04K	$24.00	$25K	39.0%	2.67K	3.71K
Total			+1.82K		$43.40K

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