Neely Kay C. 4
4 · Sila Realty Trust, Inc. · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
Sila Realty (SILA) EVP/CFO Neely Kay C. Sells 131,297 Shares
What Happened
Neely Kay C., EVP, Chief Financial Officer, Treasurer and Secretary of Sila Realty Trust, disposed of 131,297 shares on July 1, 2026. The shares were converted into cash at $30.38 per share, resulting in proceeds of $3,988,803. The transaction is reported as a disposition to the issuer in connection with the company’s merger agreement.
Key Details
- Transaction date and price: July 1, 2026 — 131,297 shares at $30.38 per share.
- Total value: $3,988,803.
- Transaction type: Disposition to issuer (code D) — shares cancelled and converted into cash under the Merger Agreement.
- Shares owned after transaction: 0 (the reported shares were cancelled/converted into the cash payment).
- Footnotes: F1 confirms conversion/cancellation per the Merger Agreement as disclosed in the Company’s May 22, 2026 proxy statement; F2 corrects an earlier filing error (Feb 6, 2026 Form 4) where prior beneficial ownership was misstated — the correct pre-disposition holding was 131,297.
- Filing timeliness: Form filed 2026-07-01 for a 2026-07-01 transaction; no late filing indicated in this report.
Context
This was not an open-market sale but an administrative cash conversion under the terms of a merger, where outstanding common and restricted shares were cancelled in exchange for a fixed cash amount. Such merger-related dispositions reflect transaction mechanics rather than an insider choosing to sell on the market and should be interpreted accordingly.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1][F2]2026-07-01$30.38/sh−131,297$3,988,803→ 0 total
Footnotes (2)
- [F1]Represents shares of common stock and unvested restricted stock that were cancelled and converted into the right to receive an amount in cash equal to $30.38 per share at the 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 (the "SEC") on May 22, 2026.
- [F2]Due to an administrative error, the Form 4 filed by the Reporting Person with the SEC on February 6, 2026 reporting transactions that occurred on February 4, 2026 incorrectly reported the Reporting Person's beneficial ownership as 131,540 shares. The correct total beneficial ownership following such transactions was 131,297.