Mims Verett Ann 4
Research Summary
AI-generated summary
Sila Realty (SILA) Director Mims Verett Ann Sells 14,795 Shares
What Happened
Mims Verett Ann, a director of Sila Realty Trust, disposed of 14,795 shares on 2026-07-01 at $30.38 per share, for a total of $449,472. The reported disposition was to the issuer (code D) — the shares were cancelled and converted into the right to receive cash per the company’s merger agreement rather than an open-market sale.
Key Details
- Transaction date: 2026-07-01
- Price per share: $30.38; Total value: $449,472
- Transaction code: D (Disposition to issuer — shares cancelled/converted)
- Shares owned after the transaction: Not disclosed in this filing
- Footnote: Shares of common stock and unvested restricted stock were cancelled and converted into the right to receive $30.38 per share at the Effective Time under the Merger Agreement disclosed in the company’s proxy filed May 22, 2026.
- Filing timeliness: Reported on 2026-07-01 (timely per the filing and report dates provided)
Context
This was a cash-out tied to a corporate transaction (merger), not an open-market sale. Dispositions to the issuer under a merger are routine mechanics of deal consideration and do not necessarily signal the insider’s current market view.