Form 4: Peakstone Realty Trust Director Reports Stock Disposition

Director Casey R. Wold reported the disposition of 29,415 shares of Peakstone Realty Trust common stock following the company's merger.

Summary

• Director Casey R. Wold disposed of 29,415 shares of Peakstone Realty Trust (PKST) common stock.
• The transaction occurred on May 6, 2026, at a price of $21.00 per share.
• The disposition represents the cancellation and conversion of common stock and unvested restricted stock units into the right to receive cash per the terms of the company's merger agreement.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing confirming the completion of a previously announced merger.

Positives

• The transaction confirms the successful execution of the merger agreement at a set price of $21.00 per share.

Negatives

• The reporting person no longer holds a beneficial ownership stake in the issuer following the merger completion.

Risks

• As the company has undergone a merger and the shares have been cancelled/converted, the primary risk is the cessation of the entity as a publicly traded investment vehicle.

Future Outlook

The company has completed its merger, and the reporting person no longer holds securities in the issuer.

Industry Context

StockSavvy.ai notes that this filing marks the final stages of a corporate exit via merger, consistent with consolidation trends in the REIT sector.

Comparison to Industry Standards

• The $21.00 per share cash-out is consistent with the terms disclosed in the company's previously filed proxy statement.

Stakeholder Impact

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

Next Steps

• Final delisting of PKST shares from public exchanges.

Key Dates

Keywords

Peakstone Realty Trust, PKST, Form 4, Merger, Insider Transaction, Stock Disposition