Tang Samuel 4

What Happened Samuel Tang, a director of Peakstone Realty Trust (PKST), had 22,715 shares disposed to the issuer on 2026-05-06 at $21.00 per share, producing $477,015. The filing shows a disposition to the issuer (not an open‑market sale); the shares and certain unvested restricted stock units were cancelled and converted into the right to receive cash under the company’s merger agreement.

Key Details

• Transaction date and price: 2026-05-06 at $21.00 per share.
• Shares involved: 22,715 shares; total cash value $477,015.
• Nature of transaction: Disposition to issuer — cancellation/conversion into cash under the Merger Agreement (see footnote).
• Footnote: The shares and unvested RSUs were cancelled and converted into the right to receive $21.00 per share at the Company Merger Effective Time, per the Merger Agreement disclosed in the company’s March 16, 2026 proxy.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Reported on 2026-05-06 (same day as the transaction), indicating a timely Form 4 filing.

Context This was not an open‑market sale but a cash‑out tied to a corporate merger, meaning it reflects the merger terms rather than an independent insider decision to sell into the market. Such issuer dispositions for merger consideration are common and should be interpreted as an administrative conversion under the merger agreement, not necessarily as a sentiment signal about the company’s future performance.