Director Daniel R. Tisch buys 155,000 Vornado (VNO) shares in open market

Rhea-AI Filing Summary

Vornado Realty Trust director Daniel R. Tisch significantly increased his stake with a series of open-market purchases of Common Shares. He bought 45,000 shares on February 27 at $27.70 per share, 40,000 shares on March 2 at $27.0875 per share, and 70,000 shares on March 3 at $26.30 per share. In total, he acquired 155,000 Common Shares, bringing his directly owned holdings to 185,000 shares.

Insider Trade Summary

Net Buyer: 155,000 shares ($4,171,000)

Net Buy 3 txns

Insider TISCH DANIEL R

Role Director

Bought 155,000 shs ($4.17M)

Type	Security	Shares	Price	Value
Purchase	Common Shares	70,000	$26.30	$1.84M
Purchase	Common Shares	40,000	$27.0875	$1.08M
Purchase	Common Shares	45,000	$27.70	$1.25M

Holdings After Transaction: Common Shares — 185,000 shares (Direct)

Footnotes (1)

1. Common shares of beneficial interest, par value $.04 per share (the "Common Shares") of Vornado Realty Trust (the "Company"). Represents weighted average purchase price. These Common Shares were purchased at prices ranging from $27.50 to $27.80, inclusive. Full information regarding the number of shares purchased at each separate price within the range will be provided upon request by the Reporting Person to the staff of the Securities and Exchange Commission, the Company, or a security holder of the Company. Represents weighted average purchase price. These Common Shares were purchased at prices ranging from $26.90 to $27.20, inclusive. Full information regarding the number of shares purchased at each separate price within the range will be provided upon request by the Reporting Person to the staff of the Securities and Exchange Commission, the Company, or a security holder of the Company. Represents weighted average purchase price. These Common Shares were purchased at prices ranging from $25.85 to $26.75, inclusive. Full information regarding the number of shares purchased at each separate price within the range will be provided upon request by the Reporting Person to the staff of the Securities and Exchange Commission, the Company, or a security holder of the Company.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

TISCH DANIEL R

(Last) (First) (Middle)

C/O VORNADO REALTY TRUST

888 SEVENTH AVENUE

(Street)

NEW YORK NY 10019

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
VORNADO REALTY TRUST [ VNO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares(1)	02/27/2026		P		45,000	A	$27.7(2)	75,000	D
Common Shares(1)	03/02/2026		P		40,000	A	$27.0875(3)	115,000	D
Common Shares(1)	03/03/2026		P		70,000	A	$26.3(4)	185,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Common shares of beneficial interest, par value $.04 per share (the "Common Shares") of Vornado Realty Trust (the "Company").

2. Represents weighted average purchase price. These Common Shares were purchased at prices ranging from $27.50 to $27.80, inclusive. Full information regarding the number of shares purchased at each separate price within the range will be provided upon request by the Reporting Person to the staff of the Securities and Exchange Commission, the Company, or a security holder of the Company.

3. Represents weighted average purchase price. These Common Shares were purchased at prices ranging from $26.90 to $27.20, inclusive. Full information regarding the number of shares purchased at each separate price within the range will be provided upon request by the Reporting Person to the staff of the Securities and Exchange Commission, the Company, or a security holder of the Company.

4. Represents weighted average purchase price. These Common Shares were purchased at prices ranging from $25.85 to $26.75, inclusive. Full information regarding the number of shares purchased at each separate price within the range will be provided upon request by the Reporting Person to the staff of the Securities and Exchange Commission, the Company, or a security holder of the Company.

	/s/ Ryan Saum, Attorney-in-Fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did VNO director Daniel R. Tisch report?

Daniel R. Tisch reported buying a total of 155,000 Vornado Realty Trust (VNO) Common Shares in three open-market purchases. These trades occurred on February 27, March 2, and March 3, increasing his directly owned position to 185,000 shares.

Over what dates did Daniel R. Tisch buy Vornado (VNO) shares?

Daniel R. Tisch bought Vornado Realty Trust (VNO) Common Shares on February 27, 2026, March 2, 2026, and March 3, 2026. Across these three trading days, he executed open-market purchases totaling 155,000 shares of the company.

How many Vornado (VNO) shares does Daniel R. Tisch own after these trades?

After these transactions, Daniel R. Tisch directly owns 185,000 Vornado Realty Trust (VNO) Common Shares. This reflects the addition of 155,000 shares acquired through three recent open-market purchases reported in the Form 4 insider filing.

What prices did Daniel R. Tisch pay for his recent Vornado (VNO) share purchases?

Daniel R. Tisch’s reported purchase prices were $27.70 per share on February 27, $27.0875 per share on March 2, and $26.30 per share on March 3. All transactions involved open-market purchases of Vornado Realty Trust (VNO) Common Shares.

What type of transactions did the Vornado (VNO) Form 4 filing disclose?

The Form 4 filing disclosed open-market purchases of Vornado Realty Trust (VNO) Common Shares by director Daniel R. Tisch. All three transactions used the code “P,” indicating purchases in the open market or private transactions, with no reported sales or dispositions.

Does the Form 4 show Daniel R. Tisch buying or selling Vornado (VNO) shares?

The Form 4 shows Daniel R. Tisch buying, not selling, Vornado Realty Trust (VNO) Common Shares. He executed three open-market purchases totaling 155,000 shares, and there are no reported sales or other dispositions in this filing.