STRATUS PROPERTIES INC

Director and Officer Trading Arrangements. During the quarter ended September 30, 2025, no director or officer of Stratus adopted or terminated any “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as such terms are defined in Item 408(a) of Regulation S-K.

Deadline for 2026 Stockholder Proposals Not To Be Included in 2026 Proxy Statement. Stratus’ Definitive Proxy Statement on Schedule 14A filed with the SEC on April 8, 2025, under the heading “2026 Stockholder Proposals,” included a summary of the advance notice requirements under Stratus’ amended and restated by-laws (By-Laws) for stockholder proposals not intended to be included in Stratus’ proxy statement for the 2026 annual meeting of stockholders. Due to a typographical error, the deadline included in the window for stockholders to deliver such proposals with respect to the 2026 annual meeting of stockholders is incorrectly stated. The correct window is between October 15, 2025 and January 13, 2026.

Thus, if a stockholder would like to present a proposal at 2026 annual meeting of stockholders, but does not wish to have it included in Stratus’ proxy statement, the stockholder must submit it in writing to: Corporate Secretary, Stratus Properties Inc., 212 Lavaca Street, Suite 300, Austin, Texas 78701, by no later than the close of business January 13, 2026 and no earlier than the close of business on October 15, 2025, in accordance with the specific procedural requirements in Stratus’ By-Laws.