WHITE PENDLETON P. JR. 4

What Happened
White P. Pendleton Jr., a director of Plymouth Industrial REIT, disposed of a total of 126,735 shares on January 27, 2026. The dispositions were to the issuer at $22.00 per share, totaling $2,788,170 (comprised of 4,000 shares for $88,000; 5,000 shares for $110,000; and 117,735 shares for $2,590,170). These were dispositions in connection with a Merger Agreement and represent conversion of shares into cash consideration rather than open-market sales.

Key Details

• Transaction date(s) and price: 2026-01-27, $22.00 per share (all reported dispositions).
• Transaction code: D (disposition to the issuer).
• Total shares disposed: 126,735; total cash received: $2,788,170.
• Shares owned after transaction: Not specified in the Form 4 provided.
• Footnote: The shares were converted into the right to receive $22.00 per share under the Agreement and Plan of Merger (dated Oct 24, 2025); payment is without interest and subject to required withholding taxes.
• Filing timeliness: Form 4 filed 2026-01-28 (one business day after the transaction), within the usual 2-business-day reporting requirement.

Context
These dispositions were merger-related (each share converted into merger consideration of $22.00/share) rather than routine open-market sales, so they represent a cash-out tied to the REIT merger. For retail investors, merger-driven dispositions are typically mechanical outcomes of deal terms rather than independent signals of insider sentiment.