Kirby Adrienne 4

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.