# EDGAR Filing Document

**Accession Number:** 0000798359
**File Stem:** 0000798359-23-000002
**Filing Date:** 2023-1
**Character Count:** 7454
**Document Hash:** a60eaa52a73b2ea6f359e42138635bab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000798359-23-000002.hdr.sgml**: 20230104

**ACCESSION NUMBER**: 0000798359-23-000002

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230101

**FILED AS OF DATE**: 20230104

**DATE AS OF CHANGE**: 20230104

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Decker Mark Okey Jr
- **CENTRAL INDEX KEY:** 0001681625

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35624
- **FILM NUMBER:** 23505760

**MAIL ADDRESS:**
- **STREET 1:** 10414 NEW ASCOT DRIVE
- **CITY:** GREAT FALLS
- **STATE:** VA
- **ZIP:** 22066
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CENTERSPACE
- **CENTRAL INDEX KEY:** 0000798359
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **IRS NUMBER:** 450311232
- **STATE OF INCORPORATION:** ND
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 3100 10TH ST SW
- **STREET 2:** PO BOX 1988
- **CITY:** MINOT
- **STATE:** ND
- **ZIP:** 58702-1988
- **BUSINESS PHONE:** 701-837-4738

**MAIL ADDRESS:**
- **STREET 1:** 3100 10TH ST SW
- **STREET 2:** PO BOX 1988
- **CITY:** MINOT
- **STATE:** ND
- **ZIP:** 58702-1988

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INVESTORS REAL ESTATE TRUST
- **DATE OF NAME CHANGE:** 19920703

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Decker Mark Okey Jr<br><sub>(Last) (First) (Middle)</sub><br>C/O CENTERSPACE<br>3100 10TH STREET SW<br><sub>(Street)</sub><br>MINOT, ND 58701<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-01-01 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_President, CEO and CIO_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>CENTERSPACE [ CSR ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Shares of Beneficial Interest | 2023-01-01 |  | M |  | 991 | A | $0 | 43830.78 | D |  |
| Common Shares of Beneficial Interest | 2023-01-01 |  | M |  | 663 | A | $0 | 44493.78 | D |  |
| Common Shares of Beneficial Interest | 2023-01-01 |  | F |  | 804<sup>(1)</sup> | D | $58.67 | 43689.78 | D |  |
| Common Shares of Beneficial Interest |  |  |  |  |  |  |  | 20 | I | Child 4 |
| Common Shares of Beneficial Interest |  |  |  |  |  |  |  | 20 | I | Child 2 |
| Common Shares of Beneficial Interest |  |  |  |  |  |  |  | 20 | I | Child 3 |
| Common Shares of Beneficial Interest |  |  |  |  |  |  |  | 1525 | I | By Spouse IRA |
| Common Shares of Beneficial Interest |  |  |  |  |  |  |  | 20 | I | Child 1 |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Restricted Stock Units | $0.0 | 2023-01-01 |  | A |  | 5369<sup>(2)</sup> |  | 2024-01-01<sup>(2)</sup> | <sup>(2)</sup> | Common Shares of Beneficial Interest | 5369.0 | $0 | 5369 | D |  |
| Stock Options (Right to Buy) | $58.67 | 2023-01-01 |  | A |  | 20061<sup>(3)</sup> |  | <sup>(3)</sup> | 2033-01-01 | Common Shares of Beneficial Interest | 20061.0 | $58.67 | 20061 | D |  |
| Restricted Stock Units | $0.0 | 2023-01-01 |  | M |  |  | 991 | 2022-01-01 | 2024-01-01 | Common Shares of Beneficial Interest | 991.0 | $0 | 991 | D |  |
| Restricted Stock Units | $0.0 | 2023-01-01 |  | M |  |  | 663 | 2023-01-01 | 2025-01-01 | Common Shares of Beneficial Interest | 663.0 | $0 | 1328 | D |  |

---

### Footnotes:

(1) Shares withheld for payment of taxes in connection with the vesting of restricted stock units.

(2) Represents a time-based contingent right to receive 5,369 common shares of beneficial interest of Centerspace vesting over three years in one-third increments on each anniversary of the grant date: January 1, 2024, 2025 and 2026.

(3) Represents the right to purchase 20,061 common shares of beneficial interest of Centerspace, vesting over four years in one-fourth increments on each anniversary of the grant date: January 1, 2024, 2025, 2026 and 2027.

**Signature:** Anne Olson, Attorney in Fact for Mark O. Decker, Jr.  
**Date:** 2023-01-04

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**