RMR CEO Adam Portnoy Forfeits 10,140 Shares for Tax Withholding

What Happened
Adam D. Portnoy, Managing Director, President & CEO and a director of RMR Group Inc. (NASDAQ: RMR), had 10,140 shares withheld/ disposed to satisfy tax withholding obligations tied to a vesting event. The withholding occurred on 2026-09-17 at a reported price of $18.87 per share, for a total value of $191,342. This was a tax-withholding disposition (code F), not an open-market sale or a new purchase.

Key Details

• Transaction date: 2026-09-17; filing date: 2026-09-21 (filed within the typical 2 business-day Form 4 window).
• Price and amount: 10,140 shares at $18.87 each; total value $191,342.
• Transaction code: F — shares withheld to pay tax liabilities incident to vesting.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1: Withholding securities to pay tax liability upon vesting per Rule 16b-3.
  • F2: The shares are held by ABP Trust; Mr. Portnoy is the sole trustee and may be deemed a beneficial owner but disclaims beneficial ownership except to the extent of his pecuniary interest.

Context
This is a routine tax-withholding event tied to vested awards (cashless/withheld shares) and does not indicate an independent decision to sell shares on the open market. Such withholdings are standard when restricted stock or similar awards vest and do not necessarily reflect the insider's view of the company.