ESCALANTE MICHAEL J 4

What Happened Michael J. Escalante, CEO, President and a director of Peakstone Realty Trust (PKST), reported a disposition to the issuer of 703,116 shares on May 6, 2026. The shares were cashed out at $21.00 per share for total proceeds of $14,765,436. The transaction resulted from the cancellation and conversion of common stock and unvested restricted stock units into cash at the Company Merger Effective Time under the Merger Agreement.

Key Details

• Transaction date: 2026-05-06; Transaction code: D (Disposition to issuer)
• Price per share: $21.00; Shares disposed: 703,116; Total value: $14,765,436
• Shares owned after transaction: Not specified in the filing
• Footnote: The shares and unvested RSUs were cancelled and converted into the right to receive $21.00 per share at the Merger Effective Time (see company proxy filed 3/16/2026)
• Filing date / Period of Report: 2026-05-06 (same-day reporting; not indicated as late)

Context This was not an open-market sale but a cash-out to the issuer under the terms of a merger agreement—effectively a merger-related disposition. Such disposals reflect deal terms rather than a traditional insider sale for liquidity; they should be interpreted as transaction execution under the merger, not necessarily a signal of management sentiment.