Company: CLPR
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001437749-25-013840
Chunk: 61

Company: Clipper Realty Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 61
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 Clipper Realty Inc. 2015 Non-Employee Director Plan.

We also reimburse our directors for reasonable out-of-pocket expenses incurred in connection with the performance of their duties as directors, including, without limitation, travel expenses in connection with their in-person attendance at Board and committee meetings.

<div align='center'>STOCK OWNERSHIP

PRINCIPAL STOCKHOLDERS</div>

The following table sets forth information known to us about the beneficial ownership of shares of our common stock and special voting stock as of April 30, 2025, by our 5% or greater stockholders and by our executive officers and directors. The SEC has defined “beneficial” ownership of a security to mean the possession, directly or indirectly, of voting power or investment power of such security. A stockholder is also deemed to be, as of any date, the beneficial owner of any securities that such stockholder has the right to acquire within 60 days after such date, through (i) the exercise of any option, warrant or right, (ii) the conversion of a security, (iii) the power to revoke a trust, discretionary account or similar arrangement, or (iv) the automatic termination of a trust, discretionary account or similar arrangement.

As of April 30, 2025, there were 16,146,546 shares of our common stock and 26,317,396 shares of our special voting stock outstanding.

Unless otherwise indicated, the address of each beneficial owner listed in the table below is c/o Clipper Realty Inc., 4611 Twelfth Avenue, Suite 1L, Brooklyn, New York, 11219.

| Name of Beneficial                                                       
 Owner                                                                    |     | Number of    
 Shares of    
 Common       
 Stock        
 Beneficially 
 Owned(1)     |           |     | Percent  
 of       
 Class(1) |      |   |     | Number of    
 Shares of    
 Special      
 Voting       
 Stock        
 Beneficially 
 Owned(1)     |            |     | Percent  
 of       
 Class(1) |      |   |     | Aggregate    
 Number of    
 Voting       
 Securities   
 Beneficially 
 Owned(1)     |            |     |     | Percent  
 of       
 Class(1) |      |   |
| 5% or Greater Stockholders (other than Executive Officers and Directors) |     |              |           |     |          |      |   |     |              |            |     |          |      |   |     |