PORTNOY ADAM D. 4

What Happened
Adam D. Portnoy, Managing Director, President & CEO and a director of RMR Group (NASDAQ: RMR), was granted 6,426 shares on 2026-03-26 as an equity award under the issuer's compensation plan. The Form 4 lists the acquisition price/value as N/A, so no dollar amount is reported. This was an award (SEC transaction code A) — a compensation grant — not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-26; Form 4 filed: 2026-03-27 (filed within the normal reporting window).
• Transaction type: Grant/Award (code A).
• Shares granted: 6,426; Price/value: N/A (not reported).
• Shares owned after transaction: Not specified in this filing.
• Footnotes: F1 — grant pursuant to the issuer’s equity compensation plan; F2 — the shares are held by ABP Trust. Mr. Portnoy is the sole trustee and, as an officer and controlling shareholder of ABP Trust, may be deemed a beneficial owner but disclaims beneficial ownership except to the extent of his pecuniary interest.
• Filing timeliness: Report appears timely (Form 4 due within 2 business days).

Context
Equity awards are a form of compensation and often carry vesting or transfer restrictions (vesting details are not provided here). Such grants increase an insider’s equity stake on paper but are different from open‑market purchases, which some investors view as a stronger bullish signal. The trust holding and the disclaimer mean these shares are held in a trust vehicle rather than recorded as a direct personal purchase.