Pratt Roger Sherwood 4

What Happened Pratt Roger Sherwood, a director of Sila Realty Trust, had 22,442 shares disposed to the issuer on 2026-07-01 for $30.38 per share, resulting in cash proceeds of $681,788. The filing reports a "Disposition to the issuer" (code D) — the shares (including unvested restricted stock) were cancelled and converted into the right to receive cash under the terms of the company’s Merger Agreement.

Key Details

• Transaction date and price: 2026-07-01 at $30.38 per share.
• Shares involved and value: 22,442 shares; total cash amount $681,788.
• Transaction type: D = Disposition to issuer (cash conversion under merger agreement).
• Footnote: F1 states 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 (see Company Proxy filed 2026-05-22).
• Shares owned after transaction: Not specified in the provided Form 4.
• Filing timeliness: Report filed with a report date of 2026-07-01 (same day as transaction), indicating timely reporting.

Context This was a cash-out tied to the company’s merger terms rather than an open-market sale. Such issuer dispositions in a merger convert holdings (including unvested awards) to cash at an agreed price and are transactional in nature; they do not by themselves indicate the insider’s view on the company’s future performance.