Office Properties (OPI) 10% Owner Redwood Capital Sells Shares

What Happened

• Redwood Capital Management (reported as a 10% owner through funds it manages), together with affiliated reporting persons, sold a total of 162,254 OPI shares in open-market transactions on August 6, 2026. The filings show two aggregated sales: 25,605 shares at a weighted average price of $18.80 (≈ $481,502) and 136,649 shares at a weighted average price of $19.88 (≈ $2,716,459), for combined proceeds of about $3.20 million. This Form 4/A amends the original August 6 filing to disclose the weighted-average prices and the price ranges for the multiple trades; no additional shares were reported in the amendment. These were sales (not purchases), which are typically routine portfolio transactions by an institutional manager.

Key Details

• Transaction dates: August 6, 2026 (open-market sales).
• Aggregated shares sold: 25,605 @ $18.80 (weighted avg.; trades ranged $18.50–$19.50) and 136,649 @ $19.88 (weighted avg.; trades ranged $19.53–$20.30).
• Total proceeds: approximately $3,197,961 (~$3.20M).
• Shares owned after transaction: not specified in the provided filing summary.
• Notable footnotes: sales reported as weighted-average prices across multiple transactions; reporting persons offered to provide per-trade breakdowns on request. The filing is an amendment (Form 4/A) to add pricing details only.
• Reporting persons: Redwood Capital Management, Redwood Capital Management Holdings, Double Twins K, LLC, and Ruben Kliksberg — parties that may be deemed to have a pecuniary interest in the funds’ holdings but disclaim direct beneficial ownership beyond any pecuniary interest.

Context

• This is institutional/manager trading of fund-held shares (Redwood-managed funds) rather than an executive or director personally trading company stock. Such sales often reflect portfolio management or fund-level liquidity needs rather than a company insider’s view on business prospects.
• The amendment clarifies pricing (weighted averages and price ranges) and does not indicate additional shares sold.