---
schema_version: "secwatch.filing_event.v1"
accession: "0001692951-24-000023"
form_type: "8-K"
ticker: null
cik: "0001692951"
company_name: "Cottonwood Communities, Inc."
filed_at: "2024-02-12T23:59:59+00:00"
generated_at: "2026-06-06T04:21:53.859210+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Cottonwood Communities amends Series A Preferred conversion terms and sells additional shares in private placement

## Summary
- Filed Articles of Amendment on Feb 7, 2024, shortening conversion period of Series A Convertible Preferred from five years to two years.
- Sold 113,129 shares of Series A Preferred in private placement from Feb 5-11, 2024, raising $1,127,500 in aggregate proceeds.
- Paid selling commissions of $64,650 and placement fees of $33,300 in connection with the sales.
- As of Feb 11, 2024, 595,241 shares of Series A Convertible Preferred were outstanding.

## SEC filing metadata
- accession: 0001692951-24-000023
- form_type: 8-K
- cik: 0001692951
- company_name: Cottonwood Communities, Inc.
- filed_at: 2024-02-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.02, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692951/000169295124000023/0001692951-24-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692951/000169295124000023/cci-20240206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001692951-24-000023
- JSON: https://secwatch.observer/filing/0001692951-24-000023.json
- Plain text: https://secwatch.observer/filing/0001692951-24-000023.txt

## Key facts
- Governance Changes
  Cottonwood Communities, Inc.: Amended Articles of Amendment to allow conversion of Series A Convertible Preferred Stock into Class I common stock after a two-year holding period, earlier than the prior five-year period (effective 2024-02-07).
  - Change: charter amendment
  - Effective: 2024-02-07
  source text: On February 7, 2024, the Company filed with the State Department of Assessments and Taxation of the State of Maryland (the “SDAT”) Articles of Amendment to provide that the Series A Convertible Preferred Stock, as designated by the Company on September 18, 2023, may be converted into Class I common stock of the Company at the option of the holder beginning after the holder has held the Series A Convertible Preferred Stock for two years, which is earlier than the five-year time period in effect prior to the amendment.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692951/000169295124000023/0001692951-24-000023-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.