Kirby Adrienne 4
4 · Sila Realty Trust, Inc. · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
Sila Realty Trust Director Adrienne Kirby Sells 17,053 Shares
What Happened
Adrienne Kirby, a director of Sila Realty Trust (SILA), had 17,053 shares disposed of to the issuer on July 1, 2026 at $30.38 per share, resulting in $518,070 in cash proceeds. The Form 4 shows a disposition-to-issuer (D) — the shares (including unvested restricted stock) were cancelled and converted into a cash payment under the terms of the company’s Merger Agreement.
Key Details
- Transaction date and price: July 1, 2026 at $30.38 per share.
- Total value: $518,070 (17,053 shares × $30.38).
- Transaction type/code: Disposition to issuer (D) — cancellation/conversion, not an open-market sale.
- Shares owned after transaction: Not specified in the provided filing.
- Footnote: Confirms common stock and unvested restricted stock were cancelled and converted into the right to receive $30.38 per share at the Effective Time, per the Merger Agreement disclosed in the company’s May 22, 2026 proxy statement.
- Timeliness: Reported on July 1, 2026 (transaction date matches report date); filing appears timely.
Context
This was a merger-related cash-out conversion rather than an independent market sale or purchase. Such issuer-directed dispositions typically reflect deal terms (payment of merger consideration) rather than the director’s trading intent, so they are not a direct signal of insider sentiment about the stock.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-07-01$30.38/sh−17,053$518,070→ 0 total
Footnotes (1)
- [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 on May 22, 2026.