Urban Edge Properties

Filing Date

May 12, 2026

Transaction Date

May 7, 2026

Accession Number

0001628280-26-034208

Form Type

4

Net Trading Amount

-$3.9M

Footnotes

1. (F1)180,587 LTIP units ("LTIP Units") in Urban Edge Properties LP (the "Partnership"), of which Urban Edge Properties (the "Issuer") is the sole general partner, were exchanged for an equal number of Common Partnership Units ("Common Units") in the Partnership, which were subsequently redeemed for an equal number of common shares of beneficial interest, par value $0.01 ("Common Shares") of the Issuer. Following this conversion, Mr. Olson owns over 2.3 million LTIP Units across numerous tranches of LTIP Unit issuances, including 670,000 unearned performance-based LTIP Units.
2. (F2)Total includes Common Shares of the Issuer purchased, if any, through the Issuer's employee stock purchase plan and dividend reinvestment plan.
3. (F3)The range of prices for the transaction reported on this line was $21.605 to $22.055. The weighted average price was $21.7266. The reporting person will provide, upon request by the SEC, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
4. (F4)The range of prices for the transaction reported on this line was $21.555 to $21.735. The weighted average price was $21.6173. The reporting person will provide, upon request by the SEC, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
5. (F5)Represents LTIP Units in the Partnership granted February 10, 2021 pursuant to the Urban Edge Properties 2021 long-term incentive plan under the Urban Edge Properties 2015 Omnibus Plan ("Omnibus Plan") and earned pursuant to the UEP 2015 Outperformance Plan following the achievement of certain relative total shareholder return goals over the three-year period ending February 10, 2024. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and vesting, each LTIP Unit may be converted, at the election of the holder, into a Common Unit. Each Common Unit acquired upon conversion of an LTIP Unit may be converted into one Common Share. The rights to convert LTIP Units into Common Units and to convert Common Units into Common Shares do not have expiration dates. 50% of the LTIP Units vested on February 22, 2024 and 25% vested on each of February 10, 2025 and February 10, 2026, respectively.
6. (F6)Represents LTIP Units in the Partnership granted February 10, 2021 pursuant to the Urban Edge Properties 2021 long-term incentive plan under the Omnibus Plan. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and vesting, each LTIP Unit may be converted, at the election of the holder, into a Common Unit. Each Common Unit acquired upon conversion of an LTIP Unit may be converted into one Common Share. The rights to convert LTIP Units into Common Units and to convert Common Units into Common Shares do not have expiration dates. The LTIP Units vest ratably over four years, with the initial vesting having occurred on February 10, 2022.
7. (F7)Represents LTIP Units in the Partnership granted February 11, 2022 pursuant to the Urban Edge Properties 2022 long-term incentive plan under the Omnibus Plan. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and vesting, each LTIP Unit may be converted, at the election of the holder, into a Common Unit. Each Common Unit acquired upon conversion of an LTIP Unit may be converted into one Common Share. The rights to convert LTIP Units into Common Units and to convert Common Units into Common Shares do not have expiration dates. The LTIP Units vest ratably over four years, with the initial vesting having occurred on February 11, 2023.