PORTNOY ADAM D. 4

What Happened
Adam D. Portnoy (reported as a 10% owner) received an award of 9,976 common shares of Seven Hills Realty Trust (SEVN) on June 9, 2026. The grant was reported as an equity compensation award (Form 4 transaction code A). No per‑share price or total dollar value was reported for the grant (price listed as N/A).

Key Details

• Transaction date: 2026-06-09; Form 4 filed: 2026-06-10 (timely filing).
• Transaction type: Award/grant under issuer’s equity compensation plan (code A).
• Shares granted: 9,976 common shares; price/value: N/A (typical for restricted stock or similar awards).
• Ownership notes from filing:
  • F2: ABP Trust holds 178,488 common shares; Mr. Portnoy is sole trustee and may be deemed a beneficial holder but disclaims beneficial ownership except for pecuniary interest.
  • F3: Tremont Realty Capital LLC (TRC) holds 4,577,835 common shares; TRC is part of the RMR ownership chain in which Mr. Portnoy is a managing director/controlling shareholder and may be deemed to beneficially own those shares but similarly disclaims such ownership except to the extent of pecuniary interest.
• Shares owned after transaction: not explicitly stated in the filing for Mr. Portnoy’s personal account; see footnotes for entity holdings.

Context
This was an equity award (compensation) rather than an open‑market purchase or sale. Awards are routine forms of executive/director compensation and do not necessarily signal immediate bullish buying by the insider. As a reported 10% owner with related entity holdings, some shares are held through trusts and affiliated entities and are disclosed with disclaimers of beneficial ownership in the filing.