Carlos Lawrence Heard Saul Centers, Inc. (BFS) insider trading activity

Carlos Lawrence Heard is Senior Vice President & CFO of SAUL CENTERS, INC.. Currently has a direct ownership of 4,000 shares of BFS, which is worth approximately $120,960. The most recent transaction as insider was on Nov 20, 2025, when has been sold 300 shares (Series D Preferred Stock) at a price of $20.55 per share, resulting in proceeds of $6,165. This information was disclosed in a Form 4 filing with the Securities and Exchange Commission (SEC).

Shares Held (Direct Ownership) 4K

14.88% 3M change

900.0% 12M change

Total Value Held $120,960

Carlos Lawrence Heard Transaction History

Date	Transaction	Value	Shares Traded	Shares Held
Nov 20 2025	BUY Open market or private purchase	$6,165 $20.55 p/Share	300 Added 6.98%	4,000 Series D Preferred Stock
Nov 18 2025	BUY Open market or private purchase	$12,210 $20.35 p/Share	600 Added 13.95%	3,700 Series D Preferred Stock
Nov 17 2025	BUY Open market or private purchase	$12,324 $20.54 p/Share	600 Added 16.22%	3,100 Series D Preferred Stock
Nov 14 2025	BUY Open market or private purchase	$9,225 $20.5 p/Share	450 Added 15.25%	2,500 Series D Preferred Stock
Nov 13 2025	BUY Open market or private purchase	$9,270 $20.6 p/Share	450 Added 18.0%	2,050 Series D Preferred Stock
Nov 12 2025	BUY Open market or private purchase	$9,315 $20.7 p/Share	450 Added 21.95%	1,600 Series D Preferred Stock
Nov 11 2025	BUY Open market or private purchase	$9,382 $20.85 p/Share	450 Added 28.13%	1,150 Series D Preferred Stock

May 17 2025	SELL Payment of exercise price or tax liability	$4,505 $34.39 p/Share	131 Reduced 2.71%	4,699 Common Stock
May 17 2025	BUY Grant, award, or other acquisition	$687 $34.39 p/Share	20 Added 0.42%	4,719 Common Stock
May 09 2025	BUY Grant, award, or other acquisition	-	2,000 Added 29.28%	4,830 Common Stock
Mar 06 2025	BUY Grant, award, or other acquisition	-	200 Added 6.61%	2,826 Common Stock
Mar 06 2025	BUY Exercise of conversion of derivative security	-	400 Added 13.24%	2,622 Common Stock
Dec 17 2024	BUY Open market or private purchase	$6,507 $21.69 p/Share	300 Added 30.0%	700 Series D Preferred Stock
Sep 27 2024	BUY Open market or private purchase	$4,650 $23.25 p/Share	200 Added 33.33%	400 Series D Preferred Stock
May 17 2024	BUY Grant, award, or other acquisition	-	2,000 Added 47.4%	2,219 Common Stock
May 07 2024	BUY Open market or private purchase	$4,150 $20.75 p/Share	200 Added 50.0%	200 Series D Preferred Stock
May 09 2023	BUY Open market or private purchase	$3,275 $32.75 p/Share	100 Added 32.79%	205 Common Shares
May 20 2022	BUY Open market or private purchase	$4,525 $45.25 p/Share	100 Added 50.0%	100 Common Shares

CLH

Carlos Lawrence Heard

Senior Vice President & CFO

Bethesda, MD

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