The steady open-market accumulation and no-consideration assignments suggest Levinson is increasing his economic stake without signaling activist intent. Monitor for any future 13D amendments that add demands or a change in purpose, which would indicate escalation. The lack of stated demands keeps the stock in a neutral holding pattern for now.
Price Chart
Executive Summary
Sam Levinson and affiliated entities filed an amended Schedule 13D disclosing a 46.6% beneficial ownership stake in Clipper Realty Inc. The filing reports open-market purchases of 256,257 common shares by Starburst 2016 II LLC between August and September 2026 at prices ranging from $3.08 to $3.39 per share, and a no-consideration assignment of 188,354 common shares to Levinson and 1,762,639.5 Class B LLC Units to family trusts on September 30, 2026. The filing does not state any new demands or changes in purpose, suggesting a passive accumulation posture rather than an escalation of activist pressure.
Key Financial Metrics
Key Facts
- Sam Levinson and affiliated entities beneficially own 46.6% of Clipper Realty Inc. common stock on a fully diluted basis, up from a prior filing.
- Starburst 2016 II LLC purchased 256,257 common shares in open-market transactions from August 18 to September 24, 2026, at weighted average prices between $3.142 and $3.3795 per share.
- On September 30, 2026, Levinson was assigned 188,354 common shares for no consideration; MB 2014 Trust and MB 2016 Family Trust were assigned 693,125 and 1,069,514.5 Class B LLC Units respectively, also for no consideration.
- The filing does not disclose any new demands, strategic review requests, or changes in the stated purpose of the investment.
- The beneficial ownership calculation is based on 16,157,566 common shares outstanding as of August 6, 2026, plus 764,001 vested LTIP Units and 9,058,918.5 Class B LLC Units.
Financial Impact
Open-market purchases of ~256,257 shares at ~$3.14-$3.38/share represent approximately $800,000-$870,000 in total consideration. No-consideration assignments of 188,354 common shares and 1,762,639.5 Class B LLC Units have no cash cost but increase the insider's economic exposure.
Risk Factors
- The 46.6% beneficial ownership concentration gives Levinson significant influence, potentially limiting public float and liquidity.
- No demands or strategic initiatives have been disclosed, creating uncertainty about the investor's long-term intentions.
- The no-consideration assignments from related entities may raise governance questions about related-party transactions.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0001539497-26-002632 |
| Document: 0001539497-26-002632-index.html | 0001539497-26-002632 |
| Document: 0001539497-26-002632.txt | 0001539497-26-002632 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 2, 2026 25d ago | SC 13D/A | $3.14 $3.13 | ▼ −0.32% | ▼ −1.48% | $3.15 (+0.32%) |
Sep 30, 2026 27d ago | Insider Cluster | $3.11 $3.17 | ▲ +1.93% | ▲ +0.63% | $3.15 (+1.29%) |
Sep 30, 2026 27d ago | Insider Cluster | $3.11 $3.17 | ▲ +1.93% | ▲ +0.63% | $3.15 (+1.29%) |
Sep 22, 2026 5w ago | Institutional Cluster | $3.45 $3.22 | ▲ +6.67% | ▲ +5.48% | $3.15 (+8.70%) |
Jul 2, 2026 16w ago | 8-K | $2.87 $2.94 | ▼ −2.44% | ▼ −1.51% | $3.15 (−9.76%) |
May 14, 2026 23w ago | 8-K | $2.82 $2.82 | ▲ +0.34% | ▲ +1.31% | $3.15 (−11.52%) |
US Market Status
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