AVALONBAY COMMUNITIES INC 4

Richard J. Lieb converted 9,928.6318 AvalonBay Communities common/DSU shares into Equity Residential (Vivmark Residential) shares in a merger-related disposition valued at roughly $1.83 million.

On August 17, 2026, Richard J. Lieb, an insider of AvalonBay Communities, Inc. (AVB), disposed of 9,928.6318 shares of AVB common stock and related deferred stock units in a transaction coded “D” that reflects the closing of a merger-of-equals with Equity Residential (EQR), not an open‑market sale. At the effective time of the merger, each share of AVB common stock and each deferred stock unit held by Lieb was automatically converted into the right to receive 2.793 EQR common shares (now Vivmark Residential), plus cash in lieu of any fractional EQR shares, using an implied AVB price of $184.06 and EQR price of $65.97 as of August 14, 2026. The aggregate economic value of the converted position was approximately $1.83 million (9,928.6318 × $184.06), and the transaction reflects a change in the form of ownership from AVB equity into EQR/Vivmark equity rather than a discretionary liquidation. Post‑merger, Lieb’s direct AVB holdings are shown as zero, while his economic exposure continues through the exchanged EQR/Vivmark shares, which are not itemized in this Form 4.

Filing Facts

CIK

915912

Ticker

AVB

Form

4

Source Type

sec

Accession

0001193125-26-354191

Alert Tier

6