Form 4: Retail Opportunity Investments Corp. Director Neibart Reports Share Disposal in Merger

Director Lee S. Neibart reports the disposal of 137,034 shares of Retail Opportunity Investments Corp. common stock at $17.50 per share due to a merger agreement.

Summary

• Lee S. Neibart, a director of Retail Opportunity Investments Corp. (ROIC), filed a Form 4 indicating a change in beneficial ownership.
• The transaction occurred on February 12, 2025, due to the merger agreement dated November 6, 2024.
• Neibart disposed of 137,034 shares of common stock at a price of $17.50 per share.
• The disposal was a result of the merger where each outstanding share of common stock was converted into the right to receive $17.50 in cash.
• Following the transaction, Neibart no longer directly owns any shares of ROIC common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing simply reports a transaction resulting from a previously announced merger.

Future Outlook

The company has been acquired and is no longer publicly traded.

Industry Context

This announcement reflects a completed merger transaction, which is a common occurrence in the real estate investment sector as companies seek to consolidate or be acquired for strategic reasons.

Stakeholder Impact

• Shareholders received $17.50 per share as part of the merger agreement.

Key Dates

Keywords

Form 4, Beneficial Ownership, Merger, ROIC, Retail Opportunity Investments Corp., Neibart, Director, Share Disposal