Peakstone Realty Trust·4

May 6, 5:24 PM ET

BITAR JAVIER F 4

Research Summary

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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.