REGAN KENNETH P (Chief Executive Officer) received a stock award from STERLING REAL ESTATE TRUST

Compensation award — not an open‑market transaction. Less informative as a directional signal.

A · 1 award

REGAN KENNETH P

Filed: 7/16/2026ACC: 0001519609-26-000007

InsiderREGAN KENNETH PCIK 1519609

→

IssuerSTERLING REAL ESTATE TRUSTCIK 1412502

Officer10% OwnerOther· Chief Executive Officer

Since Nov 2018

+175.51

Net shares

Net buyer

$4.3K

Total acquired

Open market trades

0B · 0S

Total transactions

175.51 acquired

Non-Derivative Transactions1

Common Shares

Indirect

A · Award

+175.51

Price / share

$24.22

Trade value

$4.25K

% of position

1.3%

7/15/2026

13.33K→13.51K

Total

Net shares

+175.51

Net value

$4.25K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Shares Indirect	7/15/2026	A · Award	+175.51	$24.22	$4.25K	1.3%	13.33K	13.51K
Total			+175.51		$4.25K

Derivative Transactions0

No derivative transactions reported

Non-Derivative Holdings (Post-Transaction)2

Common Shares

Indirect

Shares owned131.22K

Common Shares

Direct

Shares owned135.81K

Total

135.81K direct·131.22K indirect267.02K

Security Title	Shares Owned	Ownership Type
Common Shares	131.22K	Indirect
Common Shares	135.81K	Direct
Total	267.02K	135.81K direct·131.22K indirect

Derivative Holdings (Post-Transaction)4

Limited Partnership Units

Indirect

Underlying security

Common Shares

Underlying shares

43.83K

Shares owned

127.72K

Exercise price

25.50

Expiration

—

Exercise window

—

Limited Partnership Units

Indirect

Underlying security

Common Shares

Underlying shares

35.41K

Shares owned

35.41K

Exercise price

25.50

Expiration

—

Exercise window

—

Limited Partnership Units

Indirect

Underlying security

Common Shares

Underlying shares

122.83K

Shares owned

122.83K

Exercise price

25.50

Expiration

—

Exercise window

—

Limited Partnership Units

Direct

Underlying security

Common Shares

Underlying shares

3.61M

Shares owned

3.64M

Exercise price

25.50

Expiration

—

Exercise window

—

Total

Underlying

3.81M

Owned

3.93M

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Limited Partnership Units Indirect	Common Shares	25.50	—	—	43.83K	127.72K
Limited Partnership Units Indirect	Common Shares	25.50	—	—	35.41K	35.41K
Limited Partnership Units Indirect	Common Shares	25.50	—	—	122.83K	122.83K
Limited Partnership Units Direct	Common Shares	25.50	—	—	3.61M	3.64M
Total					3.81M	3.93M