SEC Form 4 · accession 0001539497-26-002522
Clipper Realty Inc. · CLPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sam Levinson
Director · 10% Owner
Period of report
Sep 14, 2026
Accepted (ET)
Sep 16, 2026 · 4:45 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001649096
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 14, 2026 | P | 4,769 | $3.2795 | A | 383,783 | I | By Starburst 2016 II LLC, a Delaware limited liability company |
| Common Stock | Sep 15, 2026 | P | 4,315 | $3.30 | A | 388,098 | I | By Starburst 2016 II LLC, a Delaware limited liability company |
| Common Stock | holding | — | — | — | 82,203 | D | ||
| Common StockF2 | holding | — | — | — | 57,099 | I | See Footnote | |
| Common StockF3 | holding | — | — | — | 26,895 | I | See Footnote | |
| Common Stock | holding | — | — | — | 1,253,016 | I | By Trapeze Inc., a Delaware corporation | |
| Common Stock | holding | — | — | — | 136,782 | I | By Trapeze D Holdings LLC, a Delaware limited liability company | |
| Common Stock | holding | — | — | — | 128,185 | I | By ECL Holdings LLC, a Delaware limited liability company | |
| Special Voting StockF4 | holding | — | — | — | 4,464,692 | I | By Trapeze Inc., a Delaware corporation | |
| Special Voting StockF4 | holding | — | — | — | 1,362,039 | I | By Trapeze D Holdings LLC, a Delaware limited liability company | |
| Special Voting StockF4 | holding | — | — | — | 1,469,548 | I | By ECL Holdings LLC, a Delaware limited liability company |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price is the weighted average price for the acquisitions reported on this Form 4. The range of prices for the transactions reported on this Form 4 is between $3.2175 and $3.28 per share. Complete information regarding the number of shares purchased at each separate price will be provided upon request by Commission Staff, the Issuer or a security holder of the Issuer.
- F2Held through a profit sharing plan at National Financial Services LLC.
- F3Held by the Reporting Person's spouse through a profit sharing plan at National Financial Services LLC of which the Reporting Person is co-trustee.
- F4Special Voting Stock is a class of stock of the Issuer that does not share in any distribution to stockholders of the Issuer, but gives the holder thereof one vote per share on all matters on which the Issuer's holders of Common Stock vote, subject to certain exceptions. Class B LLC Units are units of certain limited liability companies that are indirect subsidiaries of the Issuer. Each Class B LLC Unit is exchangeable, together with one share of Special Voting Stock, for an amount of cash equal to the fair market value of a share of Common Stock of the Issuer or, at the election of the Issuer, one share of Common Stock. The right to exchange Class B LLC Units, together with Special Voting Stock, does not have an expiration date.