Seven Hills (SEVN) 10% Owner Adam Portnoy Receives Award

What Happened

• Adam D. Portnoy, reported as a 10% owner of Seven Hills Realty Trust (SEVN), was granted 27,247 common shares on September 10, 2026 pursuant to the issuer's equity compensation plan. The Form 4 lists the transaction as an award/grant (code A); no per-share price or cash value is provided on the filing.

Key Details

• Transaction date: 2026-09-10 (Form 4 filed 2026-09-14; filing appears timely).
• Transaction type/code: Award/grant under the company equity compensation plan (code A); price: N/A.
• Shares granted: 27,247 common shares.
• Post-transaction consolidated total: Not specified on the filing. Footnotes note existing holdings:
  • ABP Trust holds 178,488 shares (Mr. Portnoy is sole trustee and holder of shares of beneficial interest; he disclaims beneficial ownership except for pecuniary interest) [F2].
  • Tremont Realty Capital LLC holds 4,577,835 shares; TRC is owned by related RMR entities of which Mr. Portnoy is a managing director/controlling shareholder; he likewise disclaims direct beneficial ownership except to the extent of pecuniary interest [F3].
• Footnote F1: Grant is pursuant to issuer’s equity compensation plan.
• No indication of sale, cashless exercise, or tax withholding reported in this filing.

Context

• This was an equity grant (award), not an open-market purchase or sale. Grants are often part of compensation and do not necessarily signal a personal cash investment decision.
• As a 10% owner with complex holdings through trusts and affiliated entities, Mr. Portnoy’s reported beneficial ownership involves disclaimers and indirect positions; these footnotes clarify that some shares are held by related trusts/entities rather than directly.