X0609 4 2026-05-08 0 0000907254 SAUL CENTERS, INC. BFS 0001228472 Collich John false 7501 WISCONSIN AVENUE 15TH FLOOR BETHESDA MD 20814 0 1 0 0 Sr. VP, Chief Acq. & Dev. Off. 0 Series E Preferred Stock 872 D Common Stock 2928 I Wife Common Stock 2260 I IRA Common Stock 2026-05-08 4 A 0 1500 0 A 53286.02 D Common Stock 2026-05-09 4 F 0 98 35.19 D 53188.02 D Common Stock 2026-05-09 4 A 0 14 35.19 A 53202.02 D Employee Stock Option 59.41 2017-05-05 2027-05-05 Common Stock 20000 20000 D Employee Stock Option 49.46 2018-05-11 2028-05-11 Common Stock 20000 20000 D Employee Stock Option 55.71 2019-05-03 2029-05-03 Common Stock 20000 20000 D Employee Stock Option 50 2020-04-24 2030-04-24 Common Stock 20000 20000 D Employee Stock Option 43.89 2021-05-07 2031-05-07 Common Stock 20000 20000 D Employee Stock Option 47.90 2022-05-13 2032-05-13 Common Stock 20000 20000 D Employee Stock Option 33.79 2023-05-12 2033-05-12 Common Stock 20000 20000 D Performance Shares 0 2029-05-17 2029-05-17 Common Stock 900 900 D Performance Shares 0 2030-05-09 2030-05-09 Common Stock 1200 1200 D Performance Shares 0 2026-05-08 4 A 0 1500 0 A 2031-05-08 2031-05-08 Common Stock 1500 1500 D Balance increased by April 30, 2026 Dividend Reinvestment Plan award of 50 shares. Balance increased by April 30, 2026 Dividend Reinvestment Plan award of 39 shares. Represents restricted shares of Common Stock. Such shares vest on the first five anniversaries of May 8, 2026 in equal annual installments, assuming continued employment. Balance increased by April 30, 2026 Dividend Reinvestment Plan award of 828 shares. Shares acquired in an exempt transaction as dividend equivalents on filers restricted stock award, which vested on May 9, 2026. The options vest 25% per year over four years from the date of grant. The performance share award provides for the grant of restricted shares of Common Stock on each of the five anniversaries of May 8, 2026 in equal annual installments. The number of restricted shares of such grant that vest, if any, is (i) subject to cliff-vesting on May 8, 2031, and (2) achievement of performance criteria relating to the Companys target Funds from Operations available to common stockholders and noncontrolling interests (FFO) measured against an FFO amount included in the budget established by the Board of Directors annually prior to the start of such calendar year. /s/ Carlos L. Heard, by Power of Attorney 2026-05-12