BITAR JAVIER F 4
4 · Peakstone Realty Trust · Filed May 6, 2026
Research Summary
AI-generated summary of this filing
Peakstone Realty (PKST) CFO Javier Bitar Sells Shares for $3.85M
What Happened
- Javier F. Bitar, Chief Financial Officer of Peakstone Realty Trust (PKST), disposed of 183,223 shares on May 6, 2026. The shares were converted into a cash payment of $21.00 per share, resulting in proceeds of $3,847,683. This disposition was to the issuer in connection with the company’s merger agreement (not an open-market sale).
Key Details
- Transaction date: 2026-05-06; Price: $21.00 per share; Total value: $3,847,683.
- Transaction type: Disposition to issuer (D) — cash-out under merger terms rather than an open-market trade.
- Shares owned after transaction: Not specified in the reported excerpt.
- Footnote: The shares consisted of common stock and unvested restricted stock units that were cancelled and converted into the right to receive $21.00 per share at the Merger Effective Time per the Merger Agreement (see company proxy filed 2026-03-16).
- Filing timeliness: Reported on 2026-05-06 for the same report date; no late filing indicated.
Context
- This was a cash settlement tied to a corporate merger, meaning the insider received merger consideration rather than selling in the market. Such dispositions in connection with M&A are typically procedural and reflect contract terms rather than a personal market view.
Insider Transaction Report
Form 4Exit
Transactions
- Disposition to Issuer
Common Stock
[F1]2026-05-06$21.00/sh−183,223$3,847,683→ 0 total
Footnotes (1)
- [F1]Represents shares of common stock and unvested restricted stock units that were cancelled and converted into the right to receive an amount in cash equal to $21.00 per share at the Company Merger Effective Time in accordance with the terms of the Merger Agreement as defined and disclosed in the Company's Proxy Statement filed with the Securities and Exchange Commission on March 16, 2026.
Signature
/s/ Javier F. Bitar|2026-05-06