Eric Marlin - 02 Jan 2026 Form 4 Insider Report for Cottonwood Communities, Inc.

Role: Executive Vice President, Capital Markets
Signature: /s/ Adam Larson, attorney-in-fact
Issuer symbol: N/A
Transactions as of: 02 Jan 2026
Net transactions value: +$1,350,000
Form type: 4
Filing time: 06 Jan 2026, 19:24:46 UTC
Previous filing: 10 Jan 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Marlin Eric	Executive Vice President, Capital Markets	1245 BRICKYARD ROAD, SUITE 250, SALT LAKE CITY	/s/ Adam Larson, attorney-in-fact	06 Jan 2026	0001862783

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction		Series A Convertible Preferred Stock	Award	$125,000	+13,774		$9.08	13,774	02 Jan 2026	Eric Marlin TTEE Eric R Marlin Living Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction		CROP Units	Award	$1,225,000	+107,855	+3.1%	$11.36	3,589,360	02 Jan 2026	Class I Common Stock, par value $0.01 per share	107,855		High Traverse Holdings, LLC	F1, F2
transaction		LTIP Units	Award		+9,245	+86%		20,033	02 Jan 2026	Class I Common Stock, par value $0.01 per share	9,245		Direct	F3, F4, F5
holding		CROP Units						83,440	02 Jan 2026	Class I Common Stock, par value $0.01 per share	83,440		Direct	F1
holding		CROP Units						38,363	02 Jan 2026	Class I Common Stock, par value $0.01 per share	38,363		Eric Marlin TTEE Eric R Marlin Living Trust	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents common units ("CROP Units") of Cottonwood Residential O.P., LP ("the Operating Partnership"), a Delaware limited partnership of which Cottonwood Communities, Inc., a Maryland corporation (the "Issuer"), is the sole member of the sole general partner. CROP Units may be redeemed for cash equal to the net asset value ("NAV") per share, determined pursuant to valuation procedures adopted by the Issuer's board of directors, of one share of the Issuer's Class I common stock or, at the Issuer's election, for shares of the Issuer's Class I common stock on a one-for-one basis. The CROP Units have no expiration date.
F2	The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F3	The long-term incentive plan units ("LTIP Units") of the Operating Partnership were granted to the reporting person on January 2, 2026 as equity incentive compensation. The LTIP Units vest annually in equal installments over a four-year period with the first 25% vesting on January 1, 2027, subject to continued service.
F4	Represents LTIP units granted to the reporting person as equity incentive compensation. Over time, the LTIP Units can achieve full parity with CROP Units for all purposes. If such parity is reached, non-forfeitable LTIP Units automatically convert into CROP Units. LTIP Units do not have an expiration date.
F5	Reflects the aggregate number of LTIP Units currently held by the reporting person, and excludes 83,439.620 LTIP Units which have been automatically converted to CROP Units. See footnote 4 discussing the conversion of the LTIP Units.

Remarks:

Executive Vice President, Capital Markets