Company: CLPR
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001437749-25-013840
Chunk: 63

Company: Clipper Realty Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 63
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er Trust of 2014, has sole voting and investment control over all the shares held by this trust. |

| 5. | Based solely on the Schedule 13G filed by Invesco Ltd. on February 7, 2025, Invesco Ltd., in its capacity as a parent holding company to its investment advisers, may be deemed to beneficially own 1,479,514 shares of our common stock, which are held of record by clients of Invesco Ltd... The address for the Invesco Ltd. is 1331 Spring Street NW, Suite 2500, Atlanta, GA 30309. |

| 6. | Represents (i) 4,278,058 shares of special voting stock owned directly, (ii) 4,278,058 shares special voting stock and 348,933 shares of common stock owned by the Moric Bistricer Trust of 2016, for which David Bistricer is the sole trustee (iii) 106,666 shares of common stock, (iv) 683,270 vested LTIP units, which are convertible into common stock on a one-for-one basis, (v) 318,262 shares of common stock owned by the Moric Bistricer 2012 Family Trust, for which David Bistricer is one of two trustees. Excludes 161,275, 109,184, 117,841 and 100,000 and LTIP units which will vest in 2026, 2027, 2028 and 2033, respectively, and 360,987 LTIP units which will vest ratably from 2025 through 2033, generally subject to continued employment through the vesting date. Excludes 449,395 shares of common stock owned by the David Bistricer Trust of 2013 and 2,772,500 shares of special voting stock owned by the David Bistricer Trust of 2014 for which Marc Bistricer, the son of David Bistricer, is the sole trustee and excludes 248,933 shares of common stock owned by the David Bistricer Family Trust, of which Ester Bistricer, David Bistricer’s spouse, is the sole trustee all for which David Bistricer disclaims beneficial ownership. |

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| 7. | Represents (i) 1,253,016 shares of common