Form 4: Peakstone Realty Trust Director Reports Merger Payout

Director Samuel Tang reports the cancellation and cash conversion of 22,715 shares of Peakstone Realty Trust common stock at $21.00 per share following the company merger.

Summary

• Director Samuel Tang disposed of 22,715 shares of Peakstone Realty Trust (PKST) common stock.
• The transaction occurred on May 6, 2026, at a price of $21.00 per share.
• The disposal represents the cancellation of shares and unvested restricted stock units in connection with the company's merger agreement.
• Following the transaction, the reporting person holds zero shares of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing documenting the final exit of a director following a completed merger.

Positives

• The transaction confirms the successful execution of the merger agreement at a defined cash consideration of $21.00 per share.

Negatives

• The reporting person no longer holds any equity interest in the company following the merger completion.

Risks

• No ongoing risks are applicable as the company has undergone a merger and the reporting person has exited their position.

Future Outlook

The company has completed its merger, and the reporting person no longer maintains an ownership stake in the issuer.

Industry Context

StockSavvy.ai notes that this filing marks the final administrative step for an insider following a corporate acquisition, signaling the conclusion of the entity's life as a standalone public company.

Comparison to Industry Standards

• The $21.00 per share cash-out is consistent with standard merger and acquisition exit procedures for public REITs.
• The filing follows standard SEC Section 16(a) reporting requirements for directors during a change-in-control event.

Stakeholder Impact

• Shareholders have received the merger consideration as defined in the merger agreement.

Next Steps

• No further actions are expected as the company has completed its merger.

Key Dates

Keywords

Peakstone Realty Trust, PKST, Merger, Form 4, Insider Transaction, Director, Acquisition