Form 4: Peakstone Realty Trust Executive Stock Disposition

Chief Accounting Officer Qiyan Mai reported the disposition of 12,823 shares of Peakstone Realty Trust common stock at $21.00 per share following the company's merger.

Summary

• Qiyan Mai, Chief Accounting Officer of Peakstone Realty Trust, disposed of 12,823 shares of 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 shares and restricted stock units into cash as part of the company's merger agreement.

Sentiment

Score: 5

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

Positives

• The transaction confirms the completion of the merger process at a set cash consideration of $21.00 per share.

Negatives

• The reporting person no longer holds any shares of the issuer following the merger completion.

Risks

• No ongoing risks as the issuer has undergone a merger and the reporting person's interest has been liquidated.

Future Outlook

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

Management Comments

• The transaction represents shares and unvested restricted stock units converted into the right to receive cash at the Company Merger Effective Time.

Industry Context

StockSavvy.ai notes that this filing marks the final administrative step for an executive following a corporate acquisition, signaling the conclusion of the entity's independent public trading status.

Comparison to Industry Standards

• The cash-out merger at $21.00 per share is consistent with standard acquisition procedures for REITs and real estate investment trusts.
• The filing follows standard SEC Section 16(a) reporting requirements for insiders during a change-in-control event.

Stakeholder Impact

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

Next Steps

• None, as the company has completed its merger.

Key Dates

Keywords

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