Company: CLPR
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001437749-25-013840
Chunk: 62

Company: Clipper Realty Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 62
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 |   144,683 |     |          |    * |   |     |              |          - |     |          |    - |   |     |              |    144,683 | -15 |     |          |    * |   |
| All Executive Officers and Directors as a group (10 persons)             |     |              | 4,468,928 |     |          | 24.6 | % |     |              | 18,040,727 |     |          | 68.6 | % |     |              | 22,509,655 |     |     |          | 50.6 | % |

*Less than 1%.

| 1. | Holders of our special voting stock generally are entitled to vote together as a single class with holders of our common stock on all matters on which our common stockholders are entitled to vote, as if such holder of our special voting stock had exchanged any Class B LLC units in our predecessor entities (the “Class B LLC units”) held by such holder for shares of our common stock. Class B LLC units are units of certain limited liability companies that are indirect subsidiaries of the Company. Each Class B LLC unit is exchangeable, together with one share of special voting stock, for an amount of cash equal to the price of a share of the Company’s common stock, or, at the Company’s election, one share of the Company’s common stock. As of April 30, 2025, the aggregate number of outstanding shares of common stock and special voting stock was 42,463,942, consisting of 16,146,256 shares of common stock and 26,317,396 shares of special voting stock. In addition, as of April 30, 2025, there were 2,008,468 vested LTIP units outstanding. |

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| 2. | Mendel Schwimmer, the husband of Eva Schwimmer, is the sole trustee of the ES 2024 Family Trust, and has sole voting and investment control over all the shares held by this trust. |

| 3. | Marc Bistricer, the son of David Bistricer, is the sole trustee of the David Bistricer Trust of 2014, and has sole voting and investment control over all the shares held by this trust. |

| 4. | Marc Bistricer, the sole trustee of the Moric Bistric