Form 4: Retail Opportunity Investments Corp Director Sells Shares in Merger Transaction
SEC Form 4 Filing
Adrienne Banks Pitts, a director at Retail Opportunity Investments Corp, disposed of 19,194 shares of common stock at $17.50 per share as part of a merger agreement.
Summary
- On February 12, 2025, Adrienne Banks Pitts, a director of Retail Opportunity Investments Corp (ROIC), reported a transaction on SEC Form 4.
- The transaction involved the disposal of 19,194 shares of ROIC common stock at a price of $17.50 per share.
- This disposal was a result of the merger agreement dated November 6, 2024, where each outstanding share of common stock was converted into the right to receive $17.50 in cash.
- Following the transaction, Pitts no longer holds any shares of ROIC common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document simply reports a transaction related to a previously announced merger.
Future Outlook
The company has been acquired and is no longer publicly traded.
Industry Context
This announcement reflects the completion of a 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
| Date | Description |
|---|---|
| 2024-11-06 | Date of the Merger Agreement among Montana Purchaser LLC, Mountain Purchaser LLC, Big Sky Purchaser LLC, Montana Merger Sub Inc., Montana Merger Sub II LLC, Retail Opportunity Investments Corp, and Retail Opportunity Investments Partnership, LP |
| 2025-02-12 | Date of the transaction where Adrienne Banks Pitts disposed of shares |
| 2025-02-14 | Date of signature on the SEC Form 4 filing |
Keywords
Form 4, ROIC, Retail Opportunity Investments Corp, Merger, Director, Share Disposal, Adrienne Banks Pitts
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