SAUL B FRANCIS II (Chief Executive Officer) purchased 8.8% of their position (10K shares) of SAUL CENTERS, INC. on the open market

Open‑market purchase worth $333.9K — a moderate purchase. The strongest form of insider conviction signal.

P · 2 purchases

SAUL B FRANCIS II

Filed: 5/11/2023ACC: 0000907254-23-000042

InsiderSAUL B FRANCIS IICIK 1027551

→

IssuerSAUL CENTERS, INC.CIK 907254

DirectorOfficer10% Owner· Chief Executive Officer

Since Jul 2018

+10K

Net shares

Net buyer

$333.9K

Total acquired

Open market trades

2B · 0S

Total transactions

10K acquired

Non-Derivative Transactions2

Common Stock

Direct

P · Purchase

+5.14K

Price / share

$33.29

Trade value

$171.26K

% of position

4.5%

5/9/2023

113.22K→118.36K

Common Stock

Direct

P · Purchase

+4.86K

Price / share

$33.49

Trade value

$162.59K

% of position

4.1%

5/10/2023

118.36K→123.22K

Total

Net shares

+10K

Net value

$333.85K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	5/9/2023	P · Purchase	+5.14K	$33.29	$171.26K	4.5%	113.22K	118.36K
Common Stock Direct	5/10/2023	P · Purchase	+4.86K	$33.49	$162.59K	4.1%	118.36K	123.22K
Total			+10K		$333.85K

Derivative Transactions0

No derivative transactions reported

Non-Derivative Holdings (Post-Transaction)14

Common Stock

Indirect

Shares owned3K

Common Stock

Indirect

Shares owned5.77K

Common Stock

Indirect

Shares owned357.90K

Common Stock

Indirect

Shares owned148.67K

Common Stock

Indirect

Shares owned35.06K

Common Stock

Indirect

Shares owned399.90K

Common Stock

Indirect

Shares owned403.73K

Common Stock

Indirect

Shares owned146.22K

Common Stock

Indirect

Shares owned533.76K

Common Stock

Indirect

Shares owned127.04K

Common Stock

Indirect

Shares owned8.44M

Common Stock

Indirect

Shares owned2.77K

Common Stock

Indirect

Shares owned8.32K

Common Stock

Indirect

Shares owned4.07K

Total

10.62M indirect10.62M

Security Title	Shares Owned	Ownership Type
Common Stock	3K	Indirect
Common Stock	5.77K	Indirect
Common Stock	357.90K	Indirect
Common Stock	148.67K	Indirect
Common Stock	35.06K	Indirect
Common Stock	399.90K	Indirect
Common Stock	403.73K	Indirect
Common Stock	146.22K	Indirect
Common Stock	533.76K	Indirect
Common Stock	127.04K	Indirect
Common Stock	8.44M	Indirect
Common Stock	2.77K	Indirect
Common Stock	8.32K	Indirect
Common Stock	4.07K	Indirect
Total	10.62M	10.62M indirect

Derivative Holdings (Post-Transaction)10

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

51.07

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

50.0

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

59.41

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

49.46

Expiration

—

Exercise window

—

Phantom Stock

Direct

Underlying security

Common Stock

Underlying shares

42.54K

Shares owned

42.54K

Exercise price

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

57.74

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

55.71

Expiration

—

Exercise window

—

Units

Direct

Underlying security

Units

Underlying shares

8.83M

Shares owned

8.83M

Exercise price

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

47.9

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

43.89

Expiration

—

Exercise window

—

Total

Underlying

8.89M

Owned

8.89M

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Director Stock Option Direct	Common Stock	51.07	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	50.0	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	59.41	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	49.46	—	—	2.50K	2.50K
Phantom Stock Direct	Common Stock		—	—	42.54K	42.54K
Director Stock Option Direct	Common Stock	57.74	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	55.71	—	—	2.50K	2.50K
Units Direct	Units		—	—	8.83M	8.83M
Director Stock Option Direct	Common Stock	47.9	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	43.89	—	—	2.50K	2.50K
Total					8.89M	8.89M