Form 4: Adam Portnoy Reports Changes in Beneficial Ownership of Seven Hills Realty Trust (SEVN)

Adam Portnoy, a director and 10% owner of Seven Hills Realty Trust, reports a transaction involving common shares related to tax liability and holdings through ABP Trust and Tremont Realty Capital LLC.

Summary

• On September 17, 2024, Adam Portnoy reported a transaction involving Seven Hills Realty Trust (SEVN) common shares.
• The transaction involved the withholding of 805 common shares to cover tax liabilities at a price of $13.83 per share.
• Following the transaction, Mr. Portnoy directly owns 199,836 common shares.
• Mr. Portnoy also indirectly owns 1,812,885 common shares through ABP Trust and Tremont Realty Capital LLC (TRC).
• Mr. Portnoy disclaims beneficial ownership of shares held by ABP Trust and TRC except to the extent of his pecuniary interest.
• 104,827 Common Shares are held by ABP Trust, which includes 2,664 Common Shares acquired under the Issuer's dividend reinvestment plan since May 30, 2024.
• 1,708,058 Common Shares are held by Tremont Realty Capital LLC ('TRC').

Sentiment

Score: 5

Explanation: This is a neutral filing related to insider transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure required by the SEC for insiders who trade in their company's stock. It provides transparency to the market regarding the transactions of key individuals.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The information disclosed is consistent with SEC regulations and reporting requirements.
• Similar filings are made by insiders of comparable REITs, such as Annaly Capital Management (NLY) and AGNC Investment Corp. (AGNC), when they engage in transactions involving their company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It helps stakeholders understand the ownership structure and potential influence of key individuals.

Key Dates