GAW DAVID 4

What Happened
David Gaw, a director of Plymouth Industrial REIT, Inc. (PLYM), disposed of 47,069 shares to the issuer on January 27, 2026, at $22.00 per share, receiving $1,035,518. The disposition was made in connection with the Merger Agreement; each share was converted into the right to receive $22.00 in cash at the effective time of the REIT merger.

Key Details

• Transaction date: 2026-01-27
• Transaction type: Disposition to issuer (Code D)
• Price per share: $22.00
• Shares disposed: 47,069
• Gross proceeds: $1,035,518
• Filing date: 2026-01-28 (appears timely; not flagged as late)
• Shares owned after transaction: Not specified in the provided filing
• Footnote: F1 — Shares were converted under the Merger Agreement into cash consideration of $22.00 per share (without interest and subject to required withholding taxes).

Context
This was a merger-related cash-out (shares converted into cash under the Merger Agreement), not an open-market sale. Such dispositions commonly occur as part of M&A transactions and should be viewed as transaction mechanics rather than a straightforward insider sentiment signal.