X0609 4 2026-09-23 0 0001649096 Clipper Realty Inc. CLPR 0001588901 Levinson Sam false 4611 TWELFTH AVENUE BROOKLYN NY 11219 1 0 1 0 0 Common Stock 2026-09-23 4 P 0 13606 3.377 A 401704 I By Starburst 2016 II LLC, a Delaware limited liability company Common Stock 2026-09-24 4 P 0 9317 3.3795 A 411021 I By Starburst 2016 II LLC, a Delaware limited liability company Common Stock 82203 D Common Stock 57099 I See Footnote Common Stock 26895 I See Footnote Common Stock 1253016 I By Trapeze Inc., a Delaware corporation Common Stock 136782 I By Trapeze D Holdings LLC, a Delaware limited liability company Common Stock 128185 I By ECL Holdings LLC, a Delaware limited liability company Special Voting Stock 4464692 I By Trapeze Inc., a Delaware corporation Special Voting Stock 1362039 I By Trapeze D Holdings LLC, a Delaware limited liability company Special Voting Stock 1469548 I By ECL Holdings LLC, a Delaware limited liability company The price is the weighted average price for the acquisitions reported on this Form 4. The range of prices for the transactions reported on this Form 4 is between $3.35 and $3.39 per share. Complete information regarding the number of shares purchased at each separate price will be provided upon request by Commission Staff, the Issuer or a security holder of the Issuer. The price is the weighted average price for the acquisitions reported on this Form 4. The range of prices for the transactions reported on this Form 4 is between $3.365 and $3.38 per share. Complete information regarding the number of shares purchased at each separate price will be provided upon request by Commission Staff, the Issuer or a security holder of the Issuer. Held through a profit sharing plan at National Financial Services LLC. Held by the Reporting Person's spouse through a profit sharing plan at National Financial Services LLC of which the Reporting Person is co-trustee. Special Voting Stock is a class of stock of the Issuer that does not share in any distribution to stockholders of the Issuer, but gives the holder thereof one vote per share on all matters on which the Issuer's holders of Common Stock vote, subject to certain exceptions. Class B LLC Units are units of certain limited liability companies that are indirect subsidiaries of the Issuer. Each Class B LLC Unit is exchangeable, together with one share of Special Voting Stock, for an amount of cash equal to the fair market value of a share of Common Stock of the Issuer or, at the election of the Issuer, one share of Common Stock. The right to exchange Class B LLC Units, together with Special Voting Stock, does not have an expiration date. /s/ Sam Levinson 2026-09-25